GREEK ECONOMY

The initital budget of the Public Investment Programme for 2023 was raised by 800 million euros with supplementary budgets to deal with increased needs for the restoration of damages from natural disasters.

The minister outlined the good prospects of the Greek economy, noting the spectacular increase in exports and direct foreign investments and the higher growth in comparison with the rest of the eurozone, at a rate that is expected to continue in the coming years.

What does the (theoretical...) right to refuse a professional to be taxed with presumptive taxation mean, how will it be checked by the tax authorities? The two reliefs given by the government as... sweeteners for the bill.

Support of €200 to 225,000 recipients of disability benefits from EFKA and OPEKA, €150 to pensioners without personal difference and a one-off increase for the child benefit.

In the seven-month period, the capital account surplus declined year-on-year and stood at 1.9 billion, owing to lower net receipts in the general government balance.

The funds for investments financed from the Public Investments Programme will rise to 8.0 billion euros, while 4.34 billion euros will be given via the Recovery fund.

The general government balance showed a deficit of 2.467 billion euros in the six-month period, down from a budget target for a deficit of 4.265 billion.

BoG governor said that it is safe to conclude that the Greek banking system, and the Greek economy, are no longer the black sheep of the Eurozone and that they face the future with optimism.

This development is exclusively because to a sharp fall in electricity, natural gas and oil prices, while food prices rose 12.2% and another wide range of product and services prices moved up.

The current account deficit shrank by around 3 billion euros in the January-April period to 5.6 billion euros, but remained up from 4.9 billion in the corresponding period last year.