The macroeconomic forecasts for 2024 and 2025 are subject to risks, including the potential escalation of geopolitical crises in Ukraine and the Middle East

A significant part of this surplus is attributed to the receipt of €3.2 billion in October from the new concession agreement for the Attiki Odos

In 2025, Greece's general government debt is forecast to fall to 149.1% of GDP, with its nominal value at 361.4 billion euros

The most prominent spending increase affects pension rates, which will be raised by 2.2% to 2.5%, on average

The economy is expected to close this year with growth at around 2.2%, while for 2025, the target is slightly higher at 2.3% as outline in the medium-term fiscal plan.

A major issue of concern is how the Israel-Iran conflict will play out with pundits projecting a surge in oil prices.

The performance was almost double the target of 3.316 billion euros

Value Added Tax (VAT) revenues reached 5.876 billion euros, down by 16 million euros compared to the target.

This is up from a target of 2.133 billion euros over the same period last yeat, and compared to a primary surplus of 3.079 billion in the corresponding quarter last year

The analysis warns that higher inflation compared to key trading partners due to excessive wage increases would harm the country's international competitiveness

For the January-February 2024 period, state budget net revenues totaled 12.648 billion euros

The primary surplus on a modified cash basis amounted to 3.401 billion euros, compared to a target primary surplus of 1.981 billion euros

The gathering of world leaders will run from February 16-18 and covers a variety of topics that are considered to present the greatest threats to international security

€10.6 billion is earmarked in reallocations of funds

Net tax revenues including rebates recorded an increase of €337 million for the twelve months, exceeding the set targets. This rise was mainly attributed to the revenues in November but was offset by an increase in payments by the Public Investment Program by €362 million compared to the targets.

Consumers in Greece are paying nearly five times more for essential food items than shoppers in other European countries, according to the latest Eurostat figures. Despite the Greek government imposing hefty fines on price gouging and placing a profit ceiling on certain items, supermarket prices continue to rise unabated, with producers and wholesalers citing surging […]

Confronted by ever-rising living costs, many consumers have become “value hackers”, bargain hunters who employ new methods to make the most out of their income.

Up from surplus target of 3.771 billion euros, and primary deficit of 1.091 billion euros reported over corresponding period in 2022.