The European Commission has taken action against Greece and Cyprus for their failure to properly implement rules aimed at combating fraud within the EU’s budget.
FINANCE
Last year’s primary surplus in Greece proved significantly higher than the budget estimate for 1.1% of gross domestic product, reaching 1.9% of GDP and making it easier to meet this year’s target of 2.1% of GDP.
The IOBE was added to the organizations that have downwardly revised their forecasts for this year’s Greek growth, placing it at 2.1%.
The government plans an early repayment of up to €5 billion of bailout loans to eurozone countries this year, two government officials told Reuters on Tuesday.
The government is expected to present its revised benefits policy in the summer.
Cyprus ended 2023 with a fiscal surplus of 918.7 million euros, the country’s Statistical Service (CyStat) said on Monday.
The inexperience of the SYRIZA government (2015-2019) forced Greece to undergo another five tough years, noted Charles Dallara.
Taxpayers’ overdue debts to the tax office are divided into three categories, for which the National Economy and Finance Ministry and the Independent Authority for Public Revenue (AADE) are planning settlements.
The Public Debt Management Agency announced last Friday that on Wednesday it will auction 26-week treasury bills, in book entry form, to the amount of 625 million euros.
Greece will bolster the equipment of Civil Protection through the Aegis program with a total budget of 2.1 billion euros, with significant additions to its air, ground, technological and other equipment in 2025: over new 10 aircraft, as many new helicopters and more than 1,100 fire engines are included in this program.
Twelve banks have expressed an interest in participating in the Third Entrepreneurship Fund (TEPIX III).
The procedures for issuing tax information will be faster as the interoperability between the state agencies is adopted.
Self-employed professionals can dispute the minimum presumptive income based on which they will be taxed this year.
The European Commission has initiated a two-year project aimed at bolstering private sector development within the Turkish-Cypriot community.
How state debtors can return to their arrangement having forfeited past installments.
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