Greece will need to save some fiscal space from this year in order to be able to use it for additional support measures in 2023, when the fiscal room will be very tight due to both the target for a return to primary surpluses and the sliding economy lowering growth rates or even leading to a slight recession, a senior European Stability Mechanism official said in Athens on Monday.

26.09.2022 / 12:47

The adoption of a prudent fiscal policy, with a return to primary surpluses from 2023, and the continuation of reforms are considered the most important factors for the future of the Greek economy, European Stability Mechanism Managing Director Klaus Regling told Kathimerini.

15.09.2022 / 08:04

The subsidies for electricity and natural gas bills are eating away at the targeted primary budget surplus of 1.1% of gross domestic product for 2023.

07.09.2022 / 22:37

The Finance Ministry plans to further reduce the electricity bills of those who cut their energy usage, while in the next few days it will announce incentives to boost the use of heating oil instead of electricity through the yearly subsidy.

06.09.2022 / 10:10

The government is finalizing its latest package of aid measures, which will be presented by Prime Minister Kyriakos Mitsotakis on Saturday, with the energy crisis being at the focus.

27.08.2022 / 18:05

The Bank of Greece has upwardly revised growth predictions for 2022, though not to the level predicted by Swiss-based investment bank UBS.

26.08.2022 / 23:04

The definitive budget implementation data for the first seven months of the year that were released Thursday confirmed the existence of excess tax receipts, although, at €4.8 billion, the extra inflows are lower than the €5.1 billion estimate based on provisional figures.

25.08.2022 / 12:33

Among the 27 European Union member-states, as a percentage of gross domestic product, Greece spends the most on measures designed to mitigate the impact of the energy crisis, according to data by the Brussels-based think tank Bruegel published Wednesday by Bloomberg.

24.08.2022 / 23:30

Finance Ministry officials say the need to pour more money into electricity subsidies will “drastically” limit funds available for other kinds of income support.

20.08.2022 / 13:13

With days left before Prime Minister Kyriakos Mitsotakis’ keynote speech at the Thessaloniki International Fair and the submission of a supplementary budget, the Ministry of Finance is increasingly convinced that economic growth in 2022 will reach 4% instead of the original estimate of 3.1%.

19.08.2022 / 14:51

The cost of government interventions to deal with the energy crisis will reach €6 billion by the end of 2022, Finance Minister Christos Staikouras said on Wednesday.

17.08.2022 / 13:37

Tax revenues in the first seven months of the year were €5.1 billion more than initially estimated, the Ministry of Finance announced Tuesday.

16.08.2022 / 17:21

Pensioners and civil servants will be the main beneficiaries of the extra support measures that are to be revealed by Prime Minister Kyriakos Mitsotakis in his keynote speech at the Thessaloniki International Fair on September 10.