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Preliminary 2024 state budget foresees 2.1% primary surplus

The draft state budget for 2024 will be tabled in the Greek Parliament on Monday, with a forecast for a 2.1% primary surplus on GDP for 2024 and a possible primary surplus of 0.7% for 2023, despite the natural catastrophes the country faced. Essentially, the budget reflects the Greek economy’s …

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Parliament approves bill on taxing electricity surplus profits

The Greek Parliament approved on Wednesday an amendment to tax surplus profits of electricity suppliers. According to the regulation, surpluses are defined as the difference between the “Reasonable Average Retail Price” to be determined by ministerial decision based on costs and a reasonable profit margin, and the actual price that …

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Greece budget primary surplus reaches €3.15billion in Jan-Aug 2018

Greece’s state budget showed a primary surplus of 3.157 billion euros in the January-August period, down from a primary surplus of 3.544 billion euros in the same period last year, but up from a budget target for a surplus of 917 million euros. The Finance Ministry, in an announcement, said …

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Greece’s current account posts surplus in May

Greece’s current account logged a surplus in May in contrast to a deficit seen in the same period of 2017, the Bank of Greece reported Monday. The current account surplus totaled EUR 191.5 million in May versus a deficit of EUR 658.1 million in May 2017. The deficit of the …

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Bank of Greece: Increased surplus in the balance of travel services in June

In June 2017, the balance of travel services showed a surplus of 1,9 million euros, up 15.5%, according to information by the Bank of Greece. In June 2016, the surplus amounted to 1,66 million euros. Travel receipts rose significantly and this was driven by a 13.0% increase in inbound traveller …

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