Travel receipts posted a remarkable 24.5% increase year-on-year in Greece in January and February.
ECONOMY
A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest. Now, officials and investors say 2024 could be the year its rebound is finally complete.
The International Monetary Fund forecasts a primary surplus of 2.1% of GDP for Greece this year and a decrease in public debt by 10 percentage points to 158.8% of GDP in its report on fiscal developments (Fiscal Monitor).
Turkey will take steps to strengthen its medium-term economic program and the three main priorities are to increase public savings, prioritize investments and accelerate structural reforms, President Tayyip Erdogan said.
The cost Greece pays due to extreme weather phenomena is now 50 times more compared to 2013.
The Ministry of National Economy and Finance intends to display its confidence in fiscal stability and responsible fiscal policy, both with the initial scenario for the Stability Program that will be sent to Brussels by the end of April, and with the Midterm Fiscal Plan until September 20.
Betting activity revenues in the Republic of Cyprus recorded an upward trend for another quarter.
Lower-income households carry a far heavier burden than others due to continued price hikes.
The expansion of the Recovery and Resilience Fund will strengthen the whole of Europe, said Minister of National Economy and Finance Kostis Hatzidakis, speaking at the 9th Cohesion Forum held last Friday in Brussels.
One in three euros that Greece earns each year comes from tourism, demonstrating the Greek economy’s dependence on the sector.
Bank of Greece governor Yannis Stournaras has confessed that he can now “sleep at night, without worrying about fiscal instability” because Greece is on the “right path” in terms of the economy.
Greece is the story of an extraordinary rebound, European Economy Commissioner Paolo Gentiloni said on Wednesday at the Delphi Economic Forum.
Economic growth in the six Western Balkan countries is projected to rise 3.2% this year and 3.5% in 2025, going back to pre-pandemic averages but still too low for faster convergence with the European Union, the World Bank has said in a report.
European Economy Commissioner Paolo Gentiloni met with Finance Minister Kostis Hatzidakis on Tuesday and discussed the new framework of fiscal rules, the course of implementation of the Recovery and Resilience Facility (RRF), as well as tax policy issues.
Managing public opinion is one of the tasks of every government. Some governments understand this process as a necessary, continuous, systematic explanation of their strategy to the country’s citizens, to make it understandable and remove any unavoidable obstacles to its implementation.
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