EIRINI CHRYSOLORA

Higher primary surplus in 2023

Last year’s primary surplus in Greece proved significantly higher than the budget estimate for 1.1% of gross domestic product, reaching 1.9% of GDP and making it easier to meet this year’s target of 2.1% of GDP.

IOBE sees 2024 growth at just 2.1% now

The IOBE was added to the organizations that have downwardly revised their forecasts for this year’s Greek growth, placing it at 2.1%.

20.04.2024 / 10:56

Loans of 2.4 bln euros to SMEs

Twelve banks have expressed an interest in participating in the Third Entrepreneurship Fund (TEPIX III).

16.04.2024 / 21:13

Is there tax revenue fatigue?

After many months of outperformance, March tax revenues were slightly short of the budget target.

09.04.2024 / 10:41

Sectors guilty of greedflation

The pandemic and the energy crisis gave Greek companies an opportunity to significantly increase their profit margins. The phenomenon of profit inflation or “greedflation” was seen internationally in the period 2021-2022, but it assumed large dimensions in Greece.

09.04.2024 / 08:23

BoG chief sees signs of stagnation, calls for ‘fiscal prudence’

Bank of Greece Governor Yannis Stournaras on Monday stressed Greece’s need to continue the reforms and warned against complacency.

06.04.2024 / 11:06

Exports take growing share of economy

Progress in the indexes of the outward-looking side of the Greek economy, such as exports and the attraction of foreign direct investments, is recorded in the bulletin of the Reforms Observatory of the Center for Planning and Economic Research (KEPE).

05.04.2024 / 16:08

Bank funding for a 451-mln-euro solar project at Amyntaio

Alpha, Eurobank and National have signed loan contracts with the energy groups RWE and Public Power Corporation.

02.04.2024 / 09:15

Inflation hurts poorest most

The poorest 10% of households would have had to increase their spending by more than 16% to keep food and energy consumption constant between 2019 and February 2024.

16.03.2024 / 04:00

Overshoot in 2023 budget takings

Tax revenues and the primary result of the budget in January and February exceeded the target, but this is largely counted in the 2023 budget, per the Finance Ministry.

09.03.2024 / 19:31

Consumption kept 2023 growth at 2%, as investments lagged

The growth rate of the Greek economy was set at 2% during 2023.

07.03.2024 / 23:08

Hatzidakis sees brain regain

About 600,000 Greeks left the country in the period 2010-2021, with 350,000 having returned, Minister of National Economy and Finance Kostis Hatzidakis said on Wednesday.

29.02.2024 / 11:22

Absorption of EU funds gets ever tougher

The awarding of the contracts of several major projects, as well as the achievement of progress on the Exoikonomo subsidy program are the biggest issues pending for the submission of the fourth request for payments from the European Union’s Recovery and Resilience Fund.

20.02.2024 / 20:50

Railway projects may have been left out of RRF financing

The turnover of Greek hotels in 2023 saw a large increase compared to previous years, going hand in hand with the increase in tourism and inflation.

20.02.2024 / 11:18

Greek budget has to remain tight

“There is still more to scrape from the bottom of the barrel,” a representative of Greece’s farmers said last Thursday.