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PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct
EconomyMacroeconomy’ with a stable outlook. The PBO notes that for the economy to sustain strong growth beyond 2026 and close... highlights the strong performance of 2024 with significant primary surplus and a headline surplus on the back of strong tax revenues due to income tax and VAT from goods and services. Greece’s upgraded
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingPiraeus Bank said on Thursday that its remaining Pillar II bonds will be redeemed on Friday, which will make it the first Greek bank with zero reliance on any of the three pillars of the capital and liquidity support programme (Law 3723/2008) that was i...
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Athens expands survey area off Crete, signs MoU with Egypt
PoliticsForeign PolicyExclusive Economic Zone. In 2019, before signing its memorandum with Turkey, Libya reacted against...). This was calculated by moving its median line northwards. After the signing of the Turkey-Libya memorandum in 2019, new data was generated and Libya could argue that the entire area south of Crete
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EC reports highlight tight fiscal path and economic challenges
EconomyMacroeconomymade by the European Commission, noting the strong growth last year, but moderating this year and next... and private, assisted by the RRF. At the same time, it adds to the strong signals of the fiscal path... the previous DSA. Greece is seen retaining the capacity to repay and the debt is regarded as sustainable
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomy, whilst the latter suggests the sharpest drop since Q4 2011. The continued strong rebound... Enterprises (SETE) confirmed the strong positive trend remained intact in July, with international tourist
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Tsipras gets strong mandate for deal in Brussels but left with political conundrum at home
PoliticsGreek Politicsin Brussels on Saturday afternoon. He can argue that there is extremely strong support in Greek Parliament... a strong mandate for an agreement with the institutions and that this was now his priority. He said
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyreflects strong underspend, with primary expenditure coming in 1.19 billion lower than target... in the 4-month period, implying a strong underspend of 1.19 billion compared to the target of 14.23
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Budget surplus at 1.94 bln in 6-month, 1.51 bln above target on strong underspend
EconomyMacroeconomyby 1.51 billion, reflecting a strong underspend with primary expenditure coming in 1.16 billion lower... period showed primary expenditure declined by 4 percent to 19.33 billion, still entailing a strong
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ND tries to quash refugee backlash, protect strong poll ratings
PoliticsGreek PoliticsThe Greek government has been trying to assuage concerns about the transfer of migrants from the Aegean islands following more strong reactions by some local residents in mainland areas New Democracy.... Opinion poll The refugee issue aside, support for the government remains strong according to the latest
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economya strong rebound of 7.9 pct in 2021. The Commission notes that Greece’s large dependency on the hospitality... a strong recovery of 33 pct and 35.2 pct on equipment spending. The authorities through the Hellenic
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