budget

Greece To Scrap Controversial Wine Tax

According to information revealed by the Greek newspaper Kathimerini, the Greek government intends to exclude from next year’s draft budget revenues from an excise tax on wine that was introduced in 2016. The tax was initally received by the Greek wine market...

Greek Budget: Primary Surplus Higher Than Target for January – August Period

The Greek state budget showed a primary surplus of €3.157 billion ($3.718 billion) in the January-August period, down from a primary surplus of €3.544 billion ($4,174 billion) in the same period last year, but up from a budget target...

Greece's Primary Surplus Well Above Target, Data Shows

During the period between January and August 2018, the General Government of Greece achieved a primary budget surplus of €3.14 billion ($3.67 billion), thanks to higher-than-expected revenues and lower spending. The Government’s budget was expected to have a primary deficit...

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...

Greece Posts Budget Surplus of Over €2.7B

Greece's state budget showed a primary surplus of over €2.7 billion ($3.4 billion) in the January-February period, the country's finance ministry said on Wednesday. This is up from a budget target for a primary surplus of €1.3 billion and a...

Greek Budget Shows Primary Surplus of 4.647 Billion Euros in November

The Greek state budget primary surplus amounted to 4.647 billion euros, in the January-November period this year, from a budget target for a surplus of 3.074 billion euros. However; this is down from a primary surplus of 5.757 billion euros...

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...

Greece Foresees 3.82 Percent Primary Surplus, 2.5 Percent Growth for 2018

The Greek 2018 state budget tabled on Tuesday night in Parliament foresees that the country will return to capital markets next year to strengthen liquidity in the secondary bond market. The budget plan envisages, among others, a new series of...

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...

Ted Sarandos Takes Risk and Increases Netflix Budget By $1.6 Billion

Ted Sarandos, the current Chief Content Officer of Netflix, has always been known for taking big leaps and risks to push the streaming service giant's across the globe and create tons of innovative, original content. Now, after spending $6 billion...