budget

These measures aim to foster fairer banking practices and enhance the availability of affordable housing and credit.

Prime Minister Kyriakos Mitsotakis is expected to deliver his remarks late in the evening, shortly before the decisive vote that will conclude the session

The most prominent spending increase affects pension rates, which will be raised by 2.2% to 2.5%, on average

This is up from a target of 2.133 billion euros over the same period last yeat, and compared to a primary surplus of 3.079 billion in the corresponding quarter last year

According to estimates, food prices in 2024 are expected to increase by an average of 4.6%, adding to the revaluations of 2023 that exceeded an average of 7.2%. Canned goods are projected to increase by 14%, legumes and rice by 10%, and cereals by 8%

Up from surplus target of 3.771 billion euros, and primary deficit of 1.091 billion euros reported over corresponding period in 2022.

BoG interim report forecasts 2.5% growth rate in 2024, 2025

The Mitsotakis government’s draft 2024 budget was ratified on Sunday evening during a e-roll call vote in Parliament, with 158 deputies – all from the ruling New Democracy (ND) party – voting in favor, compared to 142 against. Defense ministry expenditures were approved by 249 deputies in the 300-MP legislature. Debate extended over 66 hours, […]

The stable income of consumers has significantly dwindled, compelling the majority to adopt "smart shopping" strategies to save money

According to data from Circana (formerly IRI) for the ten-month period of January-October 2023, the largest sales volume increase was recorded in non-alcoholic beverages and snacks at +4.4%, and alcoholic beverages at +4.3%

The country’s central bank said cash result of central administration posted a surplus of 93 million euros