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Tag Archives: state

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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Tsipras intervenes after SEGAS fails to find tickets for Greek athletes to European Games 2019 !!!

The Greek National Athletes Federation (SEGAS) failed to find tickets for the 15-member Greek team and their coaches to fly to the 2nd European Games 2019 in Minks, Belarus. Prime Minister Alexis Tsipras intervened and made the prime minister’s state aircraft available so that the athletes do indeed participate in …

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Greek state budget recorded a primary surplus of €.460 billion in Q1 2019

The Greek state budget showed a primary surplus of 1.460 billion euros in the January-March period, up from a budget target for a primary surplus of 960 million, but down from a surplus of 1.879 billion euros in the corresponding period in 2018, the Finance ministry said in a report …

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Greek state funds Gavras-Varoufakis film “Adults in the Room” with €630,000

The Ministry of Digital Policy approved a grant for the film “Adults in the Room” to be filmed by famous director Costas Gavras and is the cinematic adaption of the book by ex finance minister Yanis Varoufakis. The amount of 630,000 euros is a grant for director Costas Gavras. The …

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Number of debtors to Greek state increased over summer

Almost 600,000 Greeks were added to the long list of state debtors over the summer, according to a report by the Parliamentary Budget Office (PBO), with experts viewing this as a sign of deterioration for the private economy in Greece. The PBO quarterly report for the July-September 2018 period noted …

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Tsipras and Archbishop of Athens agree to a company to exploit Church properties

New era in relations between the atheist left-wing government and the Church of Greece? A secret meeting between Prime minister Alexis Tsipras and Archbishop Ieronymus II took place on Wednesday, October 3, newspaper Ethnos revealed on Sunday. Top on the agenda was the issue of Church properties and how to …

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Greeks owe €182.billion in tax arrears to the state

Data from the Independent Authority for Public Revenue show tax arrears totaled 182.5 billion euros ($214 billion) on Aug. 10, according to a note sent from the agency to parliament last week and seen by The Associated Press Wednesday. € “The Greek government is owed so much in tax arrears …

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Greek gov’t is considering to hold a referendum in upcoming autumn

Greece’s ruling party SYRIZA is allegedly considering to hold a referendum in upcoming autumn, most likely in November. According to ‘secure’ information by the Sunday edition of newspaper Eleftheros Typos, the ruling left-wing party is hurrying up to close as many fronts as possible, both internal and external and implement …

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Eldorado Gold wins key arbitration battle in dispute with Greek state

Canada’s Eldorado Gold  has won a key battle in its ongoing row with Greece after an arbitration panel ruled in favor of the company’s technical plans to build a metallurgy plant to process  concentrate mined from Skouries and Olympias in Northern Greece. The panel rejected allegations that a technical study …

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