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Greek Parliament Approves 2018 Budget After Fierce Debate

After a fierce parliamentary debate, Greek lawmakers on Tuesday approved by majority the country's 2018 budget, which the government said would be the last under bailout terms. It was approved with 153 votes in favour and 144 against, at the...

Greek Parliament Approves its 2018 Budget, Showing 0.75 pct Rise in Expenditures

A plenary session on Friday approved the Parliament's budget for 2018, which includes a 0.75% rise in expenditures (to 133,985,000 euros), from 132,985,000 euros in 2017. The 2018 expenditures fully meet the medium-term budgetary targets. Ruling SYRIZA's rapporteur detailed further improvements...

Greek State Budget Surplus Up by €1 Billion Compared to First Quarter of 2018

The Greek state budget recorded a primary surplus of €1.85 billion in the first quarter of 2019, up from a surplus of €840 million in the same period last year, the Bank of Greece said in a report released...

Greece Sees €2.3B Budget Surplus in Q1 2018

Greece's state budget primary surplus totaled €2.320 billion ($2.873 billion) in January-March this year, up from a budget target for a primary surplus of €1.096 billion and a primary surplus of €1.070 in the same period last year, the...

President Welcomes the Approval of the 2018 State Budget

The President of Cyprus, Nicos Anastasiades, welcomed today the approval of the 2018 state budget, describing the budget one of “responsibility and development”. According to a Presidency announcement, the President of the Republic stated that "despite the fact that we...

Head of Parliamentary Budget Office Ends Term Predicting Austerity in 2018

The term of Greece's Parliamentary Budget Office chief Panagiotis Liargovas will not be renewed; His last draft on the 2018 budget predicts a year of austerity. Based on last year's figures, the 2018 budget generates concerns, the report says, while at...

Greek Budget for 2018 Foresees Growth of 2.4%, Primary Surplus of 3.5%

Finance Minister Euclid Tsakalotos is submitting  the draft budget for 2018; which foresees a growth rate of 2.4% and a primary surplus of 3.5% of GDP, to the Greek parliament on Monday. According to reports by the semi-official Athens News Agency...

Greek Parliamentary Budget Office Says End of the Country’s Oversight Not in 2018

According to analysts at the Parliamentary Budget Office (PBO), the road to normality for Greece will be long and all indicators point to the probability that the end of the strict oversight of the country will not come in...

University Rectors Ask Ministry to Reduce Admissions in 2018, Citing Budget Cuts

The rectors of the country's main universities on Wednesday asked Greece's education ministry to drastically reduce the number of students admitted in the next academic year, saying their underfunded institutions were unable to ensure the quality of courses. Patras...

WSJ: Tsipras Doesn't Believe Greece Will Reach Budget Targets After 2018

  Prime Minister Alexis Tsipras said that Greece won't be able to achieve its primary surplus budget target when the current bailout program expires in 2018, reports the Wall Street Journal. "We guarantee that we are going to reach the...

Head of Parliament's Budget Office Testifies in Bailouts Probe, Sees 'Memorandums' Until 2018

Greece will most likely remain under "memorandum" regimes until at least 2018 unless there is an "honest agreement" with its creditors, the head of the Greek Parliament's Budget Office Panagiotis Liargovas said on Tuesday. He was testifying in an...

Budget Airline Jet2 to Increase Flights to Greece this Summer

British budget airline Jet2 is expanding its offerings in Greece this Summer, as it has introduced more frequent flights from the UK to destinations across the Mediterranean country. Jet2.com, or Jet2, along with its vacation package provider Jet2Holidays, will help...

2019 Greek Budget Records Primary Surplus of Almost €5 Billion

The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget surplus target of 4.4 billion and a primary surplus of 91 million euros in the same period in 2018, the Finance Ministry said...

Greece 2018: The Year in Review

The year 2018 was a tumultuous one for Greece, marked by tragic events such as the East Attica fires which claimed the lives of 99 people and the destruction of the entire town of Mati. The political world was...