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Newsletter 237 -31/01/2020
but which went sour during the crisis will also need to be settled as banks are claiming more than 2... with 32 percent, 85 percent international and 16 percent from Greece. 2 Budget primary surplus.... Across 2019, total expenditure came to 55.27 billion, landing below target by 599 million
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Trouble from Turkey prompts plans for extra defence spending after years of cuts
PoliticsGreek Politicsreports in the local media, the government is aiming to spend 1 to 1.5 billion euros on arms and equipment in the coming months, while total extra spending on defence could reach 10 billion euros over... the improvements so the 84 aircraft can join the Viper class is due to last until 2027 at a total cost
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomy) will be a key driver for growth, adding 2 pct of GDP growth, from the 5.5 billion euros of inflows..., with a fiscal impact of 2 percentage points, leading to a primary deficit of 3 pct of GDP. Fiscal On the fiscal.... The total cost is 24.16 billion euros, 21.47 billion of which is allocated to 2020. The actual cash impact
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Newsletter 270 -23/10/2020
(a daily record since Covid-19 reached Greece), taking the total 549, with another 90 patients... another 2 billion euros, with a re-offer yield of 1.15 pct, implying a price of 109.46. The book.... The total amount outstanding for the 2035 maturing issue is now 4.5 billion euros. More than 280
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Finance Ministry costs new support package, but questions remain over electricity subsidies
Economyto come in the full year to 4.3 billion euros, or 2 pct of GDP, with the rest covered by the Energy... billion euros, out of the total 13.2 billion euros energy support package. This was split between 4.1 billion euros for households and 6.5 billion euros for firms. The total 5.5 billion euros package
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Newsletter 403 - 24/11/2023
the region of Thrace. This brings the total number of newly independent MPs to 11, which allows them..., as the Finance Ministry sees total revenues at 68.38 billion euros, up from 65.2 billion euros... is seen at 13.34 billion euros, up by 1 billion euros. Corporate income tax is seen marginally lower
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Growth treads water as PM targets relief for households
EconomyMacroeconomydeceleration took H1 growth to just under 2 pct, suggesting that the economy will need a stronger second half... to 1 pct YoY and dropped marginally by 0.1 pct QoQ. Investments rose by 6.5 pct YoY and grew by 7.4.... The total package was worth close to 1.8 billion euros, and the lion’s share, with 1.2 billion euros, went
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Newsletter 501 - 03/04/2026
matter not only because of the number of political figures involved - 20 in total - but because they cut... for a €300 million emergency fiscal intervention. The closure of the Strait of Hormuz on 2 March 2026...‑risk insurance premiums from $250,000 to over $1 million per voyage. Economic pressure Greece’s
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomyCommission. However, this performance was trimmed by almost 5 points in July and August. Total final... of the Foundation for Economic and Industrial Research (IOBE) released in late July point to a 0.5 – 1 percent growth in private consumption and a 2 percent decline in public consumption. Gross fixed
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NBG strengthens capital at deep discount, falls short of initial target
Agoraeuros to cover its total capital shortfall. This figure is higher than the 2 billion initially suggested.... The bank said it has raised a total of 1.17 billion euros so far, including the outcome... billion. Since the bank aims for state aid to cover its total capital needs, the remaining bonds from
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