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Tag Archives: state

PPC announces €750-million share capital increase plan; state to decrease participation

Greece’s Public Power Corporation is expected to complete a share capital increase plan worth around 750 million euros by early November, following a decision reached by its board on Thursday. At the same, time, it looks as if the state participation will decrease by 17%. Final approval to the plan …

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State to pay also salaries for non-clergy staff working at Church facilities

The Greek state will come up for the cost of non-cleric personnel working at facilities of the Church of Greece, the Holy Synod revealed on Tuesday. What is interesting is that news came from the Holy Synod and not from the government or the conservative Prime Minister’s office who was …

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BoG: Greek state’s cash reserves stood at €34.5 billion in December 2020

The Greek state’s cash reserves stood at 34.5 billion euros at the end of 2020, according to the Bank of Greece balance sheet released on Monday. The general government’s deposits in the Bank of Greece stood at 24.1 billion euros in December, from 29.1 billion in October, 28.2 billion in …

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“Pruning trees”: PM Mitsotakis to legislate on state agencies responsibilities

Prime Minister Kyriakos Mitsotakis announced a plan for new legislation that will clearly define the responsibilities of all state bodies at every level after agencies and authorities blamed each other for the ongoing poweroutages in capital Athens due to fallen trees during the snow weather.. At the same time, the …

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Greek state budget deficit 2020 at €22.8bn; lower than expected, says Finance Ministry

Greek state budget recorded a lower than expected deficit in 2020 offering a breathe as the ministry tries to implement its fiscal policy in 2021, the Greek Finance Ministry said on Monday. A report said the budget deficit totaled 22.808 billion euros in 2020, down 1.5 billion from budget provisions. …

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Greece’s state injection of 120-million-euros to Aegean Airlines

The Greek government will support Aegean Airlines with 120 million euros to help the private company come through the effects of the pandemic, the government spokesman announced on Monday. Greek government spokesman Stelios Petsas announced on Monday during his usual press briefing that the government would soon be awarding 120 …

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Greece’s state budget records €6.1billion primary deficit in H1 2020

The Greek state budget recorded a primary deficit of 6.101 billion euros in the first half of 2020, from a budget target for a primary surplus of 313 million euros and after a primary surplus of 381 million in the corresponding period in 2019, the finance ministry said on Monday. …

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Gov’t hazing to businesses: They’ll have to make public they received lockdown aid

The Greek government hazes self-employed, freelancers and sole proprietors receiving state aid for suspending business operation due to coronavirus. They will be obliged to post in front of their business or upload on their website a notice that they have received the state aid! This was decided with a Joint …

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BoG: Greece’s state budget hit by impact of coronavirus pandemic

The Greek general government budget recorded a deficit of 6.014 billion euros in the January-April 2020 on a cash basis, after a deficit of 1.138 billion in the corresponding period in 2019, the Bank of Greece said on Monday. In a report, the Bank of Greece, attributed this development mainly …

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Greece’s state budget primary surplus at 3.5% of GDP in 2019

Greece’s state budget recorded a primary surplus of 3.5% of GDP in 2019,European Statistics authority Eurostat said in a report released on Wednesday. According to the report, the general government recorded a surplus of 1.5% of GDP or 2.7 billion euros in 2019. The primary surplus based on excessive deficit …

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Mt Athos: Greek state to support installation of photovoltaic units to cover monks’ needs

The Greek state will support the installation of photovoltaic units to meet the needs of the monks living in their own “Republic” in Mount Athos. Energy Minister, Costis Hadjidakis, and a government delegation visited Mt Athos a couple of days ago and discussed ‘burning’ issues with the leadership of the …

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Two Greek casinos shut down due to debts to social security fund

The Hellenic Gaming Commission (EEEP) shut down the casinos in Rio and Alexandroupolis due to debts to Social Security Fund EFKA. The casinos will remain closed for two months. According to an EFKA report, the Rio casino had overdue contributions arrears of €25 million euros, while the Alexandroupoli casino owed …

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Conservative ND scraps plans to take priests off the state payroll

Greece’s newly-elected conservative New Democracy government on Tuesday scrapped plans to remove priests from the state payroll, reversing a decision by its leftist predecessor that aimed to carve a clearer distinction between church and state. Priests in the powerful Greek Orthodox Church have been treated as civil servants in Greece …

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Cash reserves of Greek state up in 2018

The Greek state’s cash reserves grew by 25.871 billion euros in 2018, totaling 26.819 billion euros from 948 million euros a year earlier, the finance ministry said in a report released on Wednesday. Central government debt was 358.948 billion euros at the end of 2018, from 328.703 billion in 2017. …

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