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Budget primary shows deficit of 7.01 bln in September

Mon, 26 Oct 2020 11:18:00 GMT

The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF... during the first nine months of the year. Personal income tax (PIT) was below target by 763 million

Are hirings in the public sector out of control?

Tue, 17 Apr 2018 10:52:00 GMT

a reaction. In addition, charges of cronyism strike at the heart of the SYRIZA/ANEL coalition... of the first MoU by a considerable margin. Secondly, following the initial dramatic cuts, the rate... have touched a raw nerve at a time when fresh pension cuts and tax hikes continue to come into effect

Newsletter 271 -30/10/2020

Fri, 30 Oct 2020 07:46:00 GMT

in which Greece was in full lockdown, the impact on salaries was dramatic. From March to June... at 7.01 bln September figure confirmed as missing target by 9.58 billion euros The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus

Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

Wed, 24 Mar 2021 15:25:00 GMT

Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln

Fri, 06 Nov 2020 11:23:00 GMT

Greece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine months of the year compared to a surplus of 4.53 billion in the same period last year, according... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came

Structural problems and dramatic drop in funding harm mental health care in Greece

Sat, 07 Feb 2015 09:04:00 GMT

Greece’s mental health and integration systems have been ranked among the worst in 30 European countries due to structural problems before the crisis and a drop in direct funding of 64 percent under austerity, a report published last month has found. Th...

EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year

Wed, 15 Jul 2015 12:34:00 GMT

The European Commission (EC) published on Wednesday its assessment following the official Greek request for a 3-year loan from the European Stability Mechanism (ESM). The document showed that due to the strong deterioration of Greece’s economic and fina...

Greece’s dramatic year reflected in ATHEX 2015 results

Tue, 22 Mar 2016 11:36:00 GMT

The Board of Directors of Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its annual financial results for 2015 on March 21, 2016, showing that the consolidated net after tax profits of group amounted to 9 million euros compared to21 million i...

Special ELSTAT report reveals dramatic changes in labour market since 1980s

Mon, 20 Feb 2017 08:07:00 GMT

The drastic changes in the Greek labour market were depicted in a special report released by the Hellenic Statistical Authority (ELSTAT) on Friday, which showed the evolution of a number of important features from 1981 until 2015. The labour force in Gr...

Kammenos prepares to quit coalition amid ANEL unrest, issues to settle with PM

Mon, 07 Jan 2019 12:19:00 GMT

The much-advertised split between SYRIZA and Independent Greeks (ANEL) seems to be just days away... ANEL, has called a meeting of the party’s parliamentary group and executive committee on Wednesday... procedure in Skopje is due to be completed by January 14 at the latest. Therefore, ANEL’s departure