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Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
EconomyMacroeconomybillion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros... a deficit of 782 million euros for the month.
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Reactions to reshuffle continue as government seeks fast track prosecution of former minister
PoliticsGreek Politicswith 6.8 pct (from 7.3 pct last month) and Voice of Reason with 3.3 pct. Ultra-orthodox Niki and leftists.... On Monday, Deputy Energy Minister Nikos Tsafos came under fire from opposition parties over... to show understanding for some of Turkey’s claims in the Aegean make Tsafos unsuitable to hold
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Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln
EconomyMacroeconomyThe rise in unpaid social security contributions (SSCs) slowed quarter on quarter (QoQ) to 310 million euros in Q3 of 2016, from 831 million in Q2. The outstanding amount reaching 16.92 billion, the quarterly bulletin of the single SSC collection centre (KEAO) displayed on Monday. The increase
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PM riles SYRIZA with remarks on EU anniversary
PoliticsGreek PoliticsGreece marked on Thursday the 40th anniversary of its accession to what was then the European Economic Community, but remarks made in the presence of EU dignitaries by Prime Minister Kyriakos... for Greece, not a party-political gathering. SYRIZA referred to Mitsotakis’s remarks as “incendiary
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Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
EconomyMacroeconomy. Net revenues came to 3.85 billion euros, below target by 812 million euros. The monthly primary... a deficit of 782 million euros for the month.
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Athens buoyed by content, mood of Mitsotakis trip to Washington
PoliticsForeign Policythe world's longest submarine power cable (310 kilometres (190 mi) from Israel to Cyprus and 898... Europe. Additionally, Mitsotakis has announced the appointment of Nikos Tsafos, a member of the Center
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Newsletter 310 - 01/10/2021
Economic sentiment paused in September, dropping by 3.3 points to 109.7, after a series of solid
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Greek-Turkish tensions flare over Turkey’s bid to join SAFE
PoliticsForeign Policybe no discussion.” Fidan’s remarks came just two days after the German Foreign Minister visited Ankara... tensions. Media reports suggest Mitsotakis’ remarks coincided with diplomatic activity from Washington... stipulates that “involvement of the contractor or subcontractor in the common procurement does
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Retail sales recorded 3.7 pct rise in 2023, but volume dropped by 3.3 pct
EconomyMacroeconomyof 12.3 percent in 2022. Volumes in 2023 dropped by 3.3 percent in 2023. Retail sales had been growing... percent. The inflationary effects are reflected in volumes, with fuels up by 3.3 percent, a 5.4 percent
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OECD sees 3.3 bln euros of savings Greece can make by cutting red tape
EconomyMacroeconomyThe Organisation for Economic Cooperation and Development (OECD) released a report on May 15 identifying 3.3 billion euros worth of burdensome regulations in 13 sectors weighing on businesses each year. Over three-quarters of these costs accrue in three of the priority areas, namely tax (VAT
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