Greece
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budget

European Union to Give Green Light to Greece's Budget for 2020

Τhe European Commission posted Greece's draft budget plan for 2020 on its website on Wednesday. The budgetary projections envisage a primary surplus of 3.7 percent of GDP in 2019 and a surplus of 3.5 percent of GDP in 2020,...

Greek Budget Revenues Exceed Targets by €287 Million in August

A positive surprise for Greece's public finances came to light on Monday, as according to the latest official data, the country's revenues were €287 million higher than expected in August, despite recently-introduced tax cuts. More specifically, between August 1 and 31,...

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...

Greek Parliament Passes First Post-Bailout Budget

Following a long and politically fierce parliamentary debate, Greek lawmakers approved by majority the country’s 2019 budget at midnight Tuesday. This represents the first non-bailout budget for Greece after 2010. The budget was approved with 154 votes in favor and 143...

Greek Parliament To Vote on Reversing Pension Cuts Next Week

The proposed law which includes an amendment to block the already-legislated cuts to pensions in 2019 will be tabled and voted on in the Greek Parliament by next week. According to state-run news service AMNA, the vote is likely to...

Greek Budget Primary Surplus Up by €1.105 Billion Over Last Year

The Greek state budget recorded a primary surplus of €6.435 billion ($7.315 billion) in the ten months between January and October 2018, exceeding a target of €4.749 billion ($5.397 billion). The new figures also show a surplus of €5.330...

Greek Parliament Report: 'Primary Surplus To Reach 4.5 Per Cent in 2018'

Greece's economic surplus for the year 2018 may significantly exceed targets, reaching up to 4.5 per cent of the country's GDP (ahead of its target of 3.5 per cent), according to a report presented on Tuesday by the Parliament's...

Greece and European Commission Close To Agreement on Pension Cuts

The European Commission is nearing an agreement with the Greek government to approve Greece's draft budget for 2019, European sources said on state-run A.M.N.A. on Monday. The draft budget review is a process to which all Euro-zone countries must submit. In...

EU to Decide How Greece's Primary Surplus Should be Used

Greece's budget for 2019 will be assessed by creditors who will decide how the surplus will be spent, Eurogroup President Mario Centeno announced on Monday. Centeno, speaking at a press conference after the meeting of eurozone finance ministers, said that...

Cypriot FM Georgiades: Growth Expected to Exceed 3 Percent

The economy of Cyprus is expected to grow more than 3 percent over the next three years, according to Cypriot Finance Minister Harris Georgiades during his presentation of the state budget for 2019. Georgiades stated that higher education, as well...