The Greek Deal.com
ECONOMY
Ministry of Finance
Primary expenditure targets consistent with fiscal policy
Under the new fiscal framework, the European Commission sent Greece net primary expenditure targets that align with the country's fiscal policy planning for the upcoming years.
MANOS MANOUSAKIS
At least 5 new electrical corridors needed for an EU backbone network
During his speech at the ENTSO-E General Assembly in Athens, Manos Manousakis, President and CEO of IPTO, stressed the necessity for Europe's operators to work together on the design of horizontal and vertical electricity transmission corridors at the pan-European level.
Bank of Greece
Forecasts 2.2% growth and 3% inflation for 2024
The Bank of Greece projects that the Greek economy will grow by 2.2% in 2024, a slight revision downward from previous estimates of 2.3%. It then accelerates to 2.5% in 2025 and declines slightly to 2.3% in 2026.
The Hellenic Bank Association
Extending lending to SMEs is a major challenge
Prof. Gikas Hardouvelis, the Chairman of the Board of Directors, gave a speech at the Union of Hellenic Banks' open annual general meeting, where he reviewed the advancements that the Greek banking system has made in the last few years.
Yiannis Stournaras
Climate change and sustainability high on the BoG's agenda
During his speech at the Union of Hellenic Banks' Annual General Meeting, Yannis Stournaras, the Governor of the Bank of Greece, mentioned the efforts being made by central banks to combat climate change through sustainable development.
HOTELS
Athens' occupancy rate increased in the five months
With an average occupancy rate of 72.3%, hotels in Athens closed for the first five months of 2024.
Kostis Hatzidakis
Request to Brussels for an increase in Hercules' guarantees
The government's intention to submit a request to Brussels for the increase of the Hercules project guarantees beyond 2 billion euros, if necessary, was conveyed by the Minister of National Economy, Kostis Hatzidakis.
Ministry of Digital Governance
International competition for the Daedalus supercomputer
The Ministry of Digital Governance announced today, June 25, the opening of an open international tender for the development of the new supercomputer "Daedalus."
OECD
Credit to Greece for fight against bribery in international business transactions
Greece has made great strides in preventing and combating bribery in international business transactions, and for this, the OECD applauds it.
BUDGET
Τax revenues of €24.7 billion in five months
According to the final figures released by the Ministry of National Economy and Finance, the state budget recorded a primary surplus of €3,197 million in the period of January–May 2024, compared to a target of €802 million and against a surplus of €2,300 million euros for the same period in 2023.
TAXATION
Greek citizens work 175 days a year to pay taxes
Greeks will have to work 175 days out of the year in 2024 just to pay taxes and state contributions. This year's Tax Freedom Day is on June 25, which is an improvement over 2023 and 2022 by 3 and 9 days, respectively.