Tag Archives: spending

Greek and foreign tourists limited their dine out visits to restaurants during their vacations this summer, choosing more often to cook at the accommodation they were staying in or even turned to something ‘quick’ instead a proper meal at a tavern or restaurant. Although ELSTAT’s most recent figures for the …

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Greece was among seven out of 30 allies to meet NATO’s military spending target of 2% of GDP in 2022, one country less than in 2021 before Russia’s invasion of Ukraine, according to the alliance’s annual report for 2022. Speaking ahead of the launch, NATO chief Jens Stoltenberg urged allies …

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Investment spending in the manufacturing sector fell 6.9% in 2020 compared with the previous year, the Foundation for Economic and Industrial Research (IOBE) said in a report on Monday. The survey on industrial investments in the period October-November 2020 showed that investment spending in the manufacturing sector is expected to …

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Greece’s sovereign debt stood at €323.378 billion at the end of the second quarter of  2018, from €309.091 billion in the corresponding quarter last year., according to ELSTAT’s quarterly non-financial general government accounts. The Hellenic Statistical Authority (ELSTAT)  announced the quarterly non-financial accounts of General Government for the second  quarter of …

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The Greek state budget showed a primary surplus of 617 million euros in the January-June period, up from a budget target for a surplus of 465 million euros, but down from a surplus of 1.936 billion euros in the corresponding period last year. The Finance Ministry, in a report on …

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U.S. President Donald Trump told NATO leaders they should increase their defense spending to 4% of GDP, that is to double the current goal of 2 percent. NATO allies shrugged off the demand as part and parcel of Trump’s brash push for allies to spend more on their own defense …

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For one more time, US President Donal Trump has praised Greece for its NATO spending. This time, Trump added another six European countries. “I want to thank the 7 NATO nations, in addition to US, who meet their 2% NATO defense spending. Poland, Romania, Estonia, Latvia, Lithuania, Greece, UK., he …

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Greek Defense Minister Panos Kammenos met with Defense Secretary Jim Mattis at the Pentagon on Saturday during a short visit in the US. The two ministers  discussed security and defense issues of mutual concern, a  variety of topics, including trans-Mediterranean migration; terrorism; and instability in the Balkans, Northern Africa and …

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President Barack Obama is praising Greece for its financial commitment to NATO – specifically, for being one of five NATO allies that dedicated at least 2 percent of its gross domestic product to defense spending. Obama says Greece has met that threshold despite difficult times, and if it can do …

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There is certainly something wrong with the bailout and strict austerity program imposed by the creditors on Greece, so far. Government spending has been constantly decreasing but the debt/GDP ratio remains high. In fact it is higher than before the bailout in 2010… “Latest Greek data show government spending -21% …

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Greece is seeking the “super rich” who avoid declaring their real income. However as the real super rich are real untouchable, the average John Greek and his lavish expenditure will be turned up side down and registered in a central tax payers registry. What makes the average Greek to tax evading …

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 I knew that Greeks are grumpy by habit and now it has been confirmed.  Hardly had the military operation against Libya started, some Greek television channel felt the need to report that the country’s war participation will cost one million euro per day! This spending refers to the participation of one frigate, …

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