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Storm fallout sweeps PM to crucial juncture early in second term
PoliticsGreek Politicsin Thessaly as only four of the 12 Super Pumas that Greece possesses are in a condition to fly... strain on public finances, with some estimates putting the total figure as high as 4 billion euros
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Budget continues to perform strongly with 3.64 bln surplus up to May
EconomyMacroeconomyinstalment from Recovery and Resilience Facility (RRF), amounting to 884 million, initially estimated.... Overall, the PIB was virtually in balance. Greece has also received 884 million euros year-to-date from
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammeMinistry (MoF) downward revised its previous GDP growth estimate for 2017 from 2.7 percent to 1.8... growth of 2.4 percent, which is seen as an optimistic estimate. The HFC also noted that the medium-term... to enhance social protection include an increase in the housing benefit (600 million), redesign
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgramme, in the middle of the EC's recent estimate of 2 - 4 percent. In addition, despite the VAT reshuffling... including Sundays. 14) Restructuring of Athens public transport (OASA). 15) Change in the legislation
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Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
EconomyMacroeconomyin the compliance report of the first programme review its earlier estimate pointing to a modest GDP contraction... performance, GDP should improve by 0.3 percent in Q3 and by 0.1 percent in Q4 for the full-year estimate... Statistical Authority (ELSTAT) flash estimates showed on Friday. According to previous ELSTAT figures, Q1
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Housing tops government plans for policy reset in autumn
PoliticsGreek Politics“Renovate-Rent” programme from September with the aim of assisting property owners with the upgrades... designed to offer incentives to the owners of some 600,000 properties estimated to by lying empty so
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The key points from Greece's proposal to lenders
EconomyProgramme). For 2017-19 the privatization proceeds are estimate at 2.12 billion, yet the bulk (1.59 billion...) Legislation for the liberalization of the natural gas market 2) Re-examine and redesign the current... at 1.06 billion in 2015 5) Tax on television advertisements with estimated revenues at 100 million
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GDP revision for 2017 points to slight improvement from initial estimates
EconomyMacroeconomyGreece’s Statistical Authority (ELSTAT) issued on Wednesday the second estimate of the national... of the European System of National and Regional Accounts ESA 2010. The first estimate for 2017 was published... year-on-year, from a first estimate of 1.4 percent growth that was announced in March. Final
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OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomyThe OECD released on Monday its latest Economic Outlook, in which it significantly revised its growth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December. At the time, the OECD had pointed out that the recovery could be stronger if the support package
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European Commission leaves 2024 growth estimate of 2.3 pct unchanged
EconomyMacroeconomyThe European Commission left Greece’s growth estimate for 2024 unchanged in the latest winter forecast published on Thursday, expecting the Greek economy to grow by 2.3 pct. The forecast remains slightly more moderate than the 2.9 pct growth the Finance Ministry expects, on which it has based
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