GREEK ECONOMY

ENGLISH EDITION

Negotiations on lowering primary surplus targets will begin in 2020, Staikouras says

"In all discussions, the prime minister and the economic team raise the specific issue, which we approach methodically and with supporting evidence," he said.

29 Δεκ 2019 11:55

ENGLISH EDITION

Primary surplus at 6.945 bln euros in 11-month period

According to finance ministry data, the primary surplus in the January-November 2019 period amounted to 6.945 billion euros against a target of 4.715 billion euros. Net budget revenues amounted to 48.429 billion euros, up by 380 million euros or 0.8 pct compared with the revised target for 2019.

17 Δεκ 2019 07:41

ENGLISH EDITION

Five-day debate on 2020 state budget begins in parliament

Additionally, the 2020 state budget signifies the end of the vicious cycle of over-taxation, deals with the growth and investment gap which has stalled Greece in recent years in terms of investments, Petsas noted.

15 Δεκ 2019 13:50

ENGLISH EDITION

Greek exports to exceed 35 billion euros this year, survey says

The survey was presented by Panagiotis Hasapis, executive vice-president of SEVE. He said 2018 was a landmark year for Greek exports as the value of exports surpassed the 33-billion-euros barrier while export of goods grew to 17.7 pct of Greek GDP in 2018 from 16.0 pct in 2017.

11 Δεκ 2019 07:49

ENGLISH EDITION

Economic policy already yielding results, Greek FinMin says

Addressing the 30th Greek Economic Summit organised by the American-Hellenic Chamber of Commerce, Staikouras said the Greek economy will grow by 2.0 pct this year and by 2.8 pct in 2020.

04 Δεκ 2019 07:38

ENGLISH EDITION

Greek economy has positive dynamism, FinMin says

Speaking in Parliament, the Greek Finance minister made special mention to measures supporting the Greek society, focusing on the middle class and lower classes, such as a reduction in a special property tax, a new tax legislation, a heating subsidy, expanding the tax base, etc.

28 Νοε 2019 13:59

ENGLISH EDITION

EU reintroduces Greece to list of 'marketable risk' countries for credit insurance

The decision, to be activated on January 1, 2020, will mean that "short-term export credit risks towards Greece will be considered as marketable to be covered by private insurers," the European Commission said in an announcement.

27 Νοε 2019 07:15

ENGLISH EDITION

State budget showed primary surplus of 5.739 billion euros in Jan-Oct

Greek state budget recorded a primary surplus of 5.739 billion euros in the January-October period, up from a budget target for a surplus of 4.179 billion and a primary surplus of 3.811 billion euros in the same period last year, the Finance ministry said in a report on Monday.

26 Νοε 2019 07:58

ENGLISH EDITION

2020 state budget revenue and spending up, in draft submitted to Parliament

The Greek government on Thursday tabled the 2020 draft budget in Parliament which envisages a GDP growth rate of 2.8 pct and a primary surplus of 3.6 pct in 2020, exceeding a target for a 3.5 pct primary surplus and putting the Greek economy on track for stronger growth.

21 Νοε 2019 22:52

ENGLISH EDITION

Recent credit rating upgrades confirm Greece is gradually closing investment-grade gap

The recent upgrades in Greece's sovereign credit rating and positive prospects by Standard & Poor's (S&P) and DBRS has brought the country closer to investment-grade normalcy compared to other Eurozone countries.

09 Νοε 2019 15:41

ENGLISH EDITION

Deputy Agri Min Skrekas says 1.5 billion euros will soon help modernize Greek farming

Deputy Minister of Agricultural Development and Food Konstantinos Skrekas referred to potential challenges that might be faced by Greek farmers in the near future.

02 Νοε 2019 16:24

ENGLISH EDITION

FinMin Staikouras sends message of "realistic optimism" over the course of Greek economy

In his meetings with representatives of the international investing community, with his counterparts, the heads of the institutions and senior officials of IMF, Staikouras presented the targets, already being applied in the first three months of the new government, noting the markets and the institutions' positive reaction. He also focused on the main axes on which the roadmap for the country's economic course will be based.

21 Οκτ 2019 09:07