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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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Newsletter 355 - 14/10/2022
draw away from the centre-right party the 2 or 3 percentage points that would be the difference... authorities tabled in Parliament last week a draft budget which foresees the economy weathering the storm... caused by the new government’s mini budget. According to the latest data up to July, there were more
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Newsletter 394 - 22/09/2023
pct of GDP this year and double above 2 pct of GDP in 2024 Athens is in a tight fiscal framework.... The Finance Ministry is already about to submit a supplementary budget that could reach 700..., beyond October. In this week’s preliminary budget execution for August, the Finance Ministry made
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Newsletter 397 - 13/10/2023
. In the publication of its latest World Economic Outlook, the Fund sees the Greek economy growing by 2 pct... outlook for next year as presented in the draft budget last week. The ministry assumes that growth... growth forecasted in the 2023 budget. Private consumption is expected to slow to 1.6 pct rise next
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Q1 GDP growth accelerates to 0.7 pct QoQ
EconomyMacroeconomythat was the initial budget estimate. In the latest annual report of the governor that was presented... forecasts, the Parliamentary Budget Office expects the economy to grow by 2.5 percent this year... growing by 2.2 percent in 2024. In its latest WEO released in April, the IMF sees growth of 2
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Newsletter 452 - 21/02/2025
pct, followed by PASOK at 15.4 pct. The other is by ALCO that has ND at 24.4 pct, down by 2 points... has turned into a star pupil as its budget outperformed also in 2024, suggesting that the eurozone... that the budget started the new year on a solid footing with tax revenues reaching 5.98 billion
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Q4 GDP rises by 0.9 pct QoQ, taking full-year growth to 2.3 pct
EconomyMacroeconomyup by 5.9 percent. Goods imports were also up by 2 percent and imports of services rose by 4.8... Finance Ministry estimates included in the final 2025 budget, the estimate for 2024 was revised slightly... for this year. In its growth forecasts, the Parliamentary Budget Office expects the economy to grow
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Fitch leaves rating at 'BBB' and outlook unchanged, sees strong fiscal performance
EconomyMacroeconomy. Economic growth remained resilient between 2023 and 2025, averaging slightly above 2 pct despite... levels, based on estimated potential growth of around 2 pct. Domestic demand is expected to remain... recorded budget surpluses in both 2024 and 2025, compared with a ‘BBB’ median deficit of 3.1 pct of GDP
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