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Budget surplus overshoots 11M target due to lower primary expenditure, investment spending
EconomyMacroeconomyof 2018, according to the final budget execution bulletin for November published by the Finance... was in a deficit of 775 million. The Finance Ministry was expecting a deficit of just above 1... sources. The main underspend stems from co-financed projects, which are short by 1.61 billion euros
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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingbillion. The portfolio was acquired by Hoist Finance AB. Futhermore, in early January it was reported... through this mechanism and reduce their bad loans. In parallel to the BoG scheme, the Ministry of Finance..., an entity financed by funds managed by affiliates of Apollo Global Management LLC and by the IFC
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Athens steps up drive for fiscal space as fifth post-MoU review continues
EconomyProgrammewill continue in Athens this week regarding the fifth enhanced surveillance review. Finance Minister... will not be on the agenda for the meeting of eurozone finance ministers. Although Athens does... money,” he said regarding the use of the bond profits. “What kind of investments could be financed
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Newsletter 236 -24/01/2020
and progress in clearing state arrears, as well as privatisations and the labour market. Finance... they will be required to take additional provisions that will impact on their capital base. The Finance... be financed and if they benefit growth; how this would affect fiscal targets and debt sustainability
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Newsletter 252 -29/05/2020
committee, Deputy Finance Minister Giorgos Zavos, who oversees the financial system, said that time..., the final Finance Ministry (MoF) budget execution bulletin for April showed this week. The primary surplus... on grants and financed by common EU borrowing. In background comments to the Greek media, government
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Govt prepares new round of economic relief as Covid remains a threat
PoliticsGreek Politics’s budget plans for this year. Speaking to Sunday’s Kathimerini, Finance Minister Christos... euros this year, barring any other negative developments. This is almost double the amount the Finance... service sector, which will be financed by EU structural funds. A similar scheme is also being lined
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Newsletter 330 - 04/03/2022
by the war in Ukraine, including fuel, grain and seed oils. It is clear that the Finance Ministry... appear a serious threat to the economic recovery and the fiscal performance. The Finance Ministry... the transition fund that is financed by incomes from emissions auctions and it was seen bringing in 2
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Reshuffle and handouts put on ice as New Democracy closes ranks ahead of local elections
PoliticsGreek Politicsbudget were given by Finance Minister Costis Hatzidakis in an interview with ANT-1 TV on Wednesday... for measures that were “unfair or likely to cause social unrest”. According to government sources, finance... that will be financed by voluntary contributions from big business and high-income taxpayers. This is rumoured
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Cyprus cable dispute and Crete mafia case cast fresh clouds over TIF reset agenda
PoliticsGreek Politicsby his finance minister, Makis Keravnos, who claimed earlier in the day that independent studies... time that reservations have been so clearly expressed. Cyprus’s finance ministry was expected..., adding that “it cannot be financed by Greek taxpayers alone”. At a moment seen as critical
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammeof 1.5 billion and 800 million respectively, according to the Alternate Finance Minister Dimitris... Finance Ministry target to collect more than 3 billion euros from unpaid tax obligations... of the society, and particularly the well-off, contribute fairly to the public finances. That said, a wealth
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