Greece
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Finance Ministry

Greece Extends Unemployment, Other Coronavirus-Related Financial Measures

It was announced that a new financial package addressing the many economic ramifications of the ongoing coronavirus pandemic will be presented to Greece's Minister of Finance, Christos Staikouras, on Tuesday. The details of the package include an extension in unemployment...

September Will be Crucial Month For Course of Greek Economy

September is considered to be a pivotal month for the Greek economy, regarding both budget figures and contacts with its European partners on the issue of fiscal targets and the implementation of reforms. The first important date is September 4, when...

Greece Opens Books For New 7-Year Bond, Third Time Since Bailout Exit

Greece opened its books for a new 7-year bond on Tuesday morning. The new Conservative government aims to earn approximately €2.5 billion, in an effort to capitalize the recent sharp decline in the country's interest rates. The initial estimates suggest that...

Greece To Launch New 7-Year Bond, Says Public Debt Management Organization

Greece's Public Debt Management Organization issued an announcement on Monday notifying the Athens Stock Exchange that the country will soon be ready to launch a new seven-year bond. For this reason, the new leadership of the Finance ministry has already...

Greece Sets Terms for Casino Licensing

The terms and conditions for the operation of casinos in Greece are included in an amendment being brought up on for discussion in the Greek Parliament on Thursday. The amendment will be presented by the country's Finance Ministry. Passage of...

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...

Creditors Begin the First Post-Bailout Audits in Greece

Representatives of Greece's international creditors -- the European Union and the International Monetary Fund -- arrived in Athens on Monday for the scheduled audits of the Greek economy in the post-bailout era. The technical teams of the European Commission, the...

House Multi-Bill Guarantees €25 Bln to ESM for Greece's Loans

Greek Finance Minister Euclid Tsakalotos (right) with ESM President Klaus Regling A clause by which the Greek State guarantees €25 billion for loans received by the European Stability Mechanism is included in the multi-bill submitted to the House for a...

Greek Credit Card Lottery Offers €1M in Tax-Free Prizes

More than five million Greek taxpayers on Tuesday will be taking part in a lottery for December credit card transactions which will dispense €1 million ($1.2 million) to 1,000 lucky winners who will receive a €1,000 tax-free bonus each. It is...

Spending Restrain Leads to Greek Jan-Nov Govt Budget Surplus Beating Target

A strong restrain in spending, a recipe the Greek government has been following blindly for the past two years, is the main reason the budget surplus has beaten its target so far. Greece’s central government attained a primary budget surplus...