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Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
EconomyOnly two days after announcing economic measures of up to 2 billion euros to support businesses... latest public address on Thursday that the government would add another 3 billion euros from the budget... of the coronavirus on the economy. This will have a fiscal cost of about 2 billion euros, Staikouras
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Newsletter 251 -22/05/2020
to businesses worth a total 2 billion euros, tax breaks for landlords. Liquidity to businesses..., the situation is highly uncertain as there is only preliminary data on budget execution for April... that will replenish and keep the cash reserves at high levels. The Greek Parliament Budget (PBO) issued its first
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Trouble from Turkey prompts plans for extra defence spending after years of cuts
PoliticsGreek Politicsrecent years, when Greece’s defence budget had been trimmed – in real terms – as the country’s economy..., this stood at 2 pct, which was still in line with the level agreed by NATO member states in 2014. Even at 2 pct, spending was much higher than the EU28 average in 2018, which stood at 1.3 pct
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Newsletter 280 -15/01/2020
of March, allowing almost 2 million people in high-risk groups to be inoculated, thereby easing..., the state budget primary balance showed a fall of 21.03 billion euros, landing at a deficit of 13.75 billion euros. The budget primary balance for the same time last year came to a surplus of 7.28
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Newsletter 283 -05/02/2021
to fund more relief measures for businesses as the coronavirus has knocked the 2021 budget off track... that the communications budget will be used to promote ND’s interests in the media. Hercules nears end of first cycle... request submission for Hercules on the securitisation of the Phoenix portfolio worth 2 billion euros
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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomyhad a significant impact on budget developments as the ministry had to finance support measures running into May. The headline budget figure for 2021 has been revised down by 6 percentage points... is 27.9 billion euros, 11.6 billion last year, 14.3 billion this year and 2 billion euros in 2022
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MTFS forecasts growth of up to 6.2 pct in swift economic recovery from Covid
EconomyMacroeconomyhad on the Greek budget, with a total of 33 billion euros of support committed in 2020 and 2021 - 17.4... year and this year. The MTFS sees this fiscal performance corrected next year, when the budget is expected to have a small primary deficit of 0.5 pct of GDP, before returning to primary surpluses of 2
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PM expected to reshuffle cabinet in bid to leave wildfire damage behind
PoliticsGreek Politicsin ENFIA property tax, the lowering of the corporate tax rate by 2 points to 22 pct (at a budget cost... million). The interventions will be included in the draft budget in mid-October. Mitsotakis is also... to the GPO survey, the government’s support has dropped 2 percentage points since the last poll in June
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomy. Although the final budget for 2022 was debated in Parliament in December, the Finance Ministry had... Minister Christos Staikouras admitted that average inflation in 2022 will range between 1.5 and 2... as fuel prices, also thanks to the heavy tax wedge, are approaching 2 euros per litre in gas stations even
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Govt puts focus on handouts, migration to take heat off surveillance affair
PoliticsGreek Politics. According to the last estimates by the Finance Ministry, the cost to the budget of absorbing the expected... the original figure of 800 million to 2 billion euros. The government has been hoping that this can... euros, which could reach 2 billion euros by year end. Tourism is also a moving target. Government
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