Tag #Greek Economy

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Greece Funds 5,880 New Businesses with €17,000 Grants

Greece launches a €100 million program providing €17,000 grants to 5,880 unemployed individuals (mostly women) aged 30-59 to start businesses, with applications opening December 19th, 2024, and closing January 21st, 2025, via OPSKE.

Progress

28% Bias Score

Decent Work and Economic Growth
kathimerini.gr
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Greek Households Shift €19 Billion to Investment Products Amidst Low Interest Rates

Since early 2022, Greek households invested €19 billion in investment products, including €8 billion in mutual funds, due to economic recovery, investor confidence, and higher bond yields, a trend expected to continue pushing investors toward higher-risk assets.

Progress

44% Bias Score

Reduced Inequality
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Greek Parliament Debates 2025 Budget Amidst Opposition Criticism

The Greek parliament debated the 2025 budget, with opposition parties criticizing its focus on special interests, neglecting economic competitiveness and social justice, and relying on the temporary Recovery Fund, while the government highlighted stability. A nominal vote will follow the Prime Minis...

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36% Bias Score

Reduced Inequality
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KKE Condemns Greece's 2025 Budget as Anti-Worker and Pro-Military

Dimitris Koutsoubas of the KKE denounced Greece's 2025 budget in parliament, calling it a tool for wealth transfer from the poor to the rich and criticizing its focus on military spending and tax policies favoring large corporations while harming small businesses.

Progress

64% Bias Score

Reduced Inequality
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Greece: €5.5 Billion Tax Deadline and Athens Rental Restrictions

Greek households and businesses must pay over €5.5 billion in taxes by December 31, 2024, including income tax, ENFIA, VAT, and vehicle fees; additional requirements include amended tax returns, property declarations, and asset justifications; short-term rental restrictions begin in Athens on Januar...

Progress

36% Bias Score

Reduced Inequality
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Greek Parliament Divided on 2025 Budget

The Greek parliament's debate on the 2025 budget exposed sharp divisions between the government and opposition parties over economic policy, with PASOK offering an alternative plan and other parties taking varied positions, leading to a crucial vote.

Progress

36% Bias Score

Reduced Inequality
kathimerini.gr
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Greece to Review Intervention in Swiss Franc Loans

Greek authorities are reviewing potential interventions in Swiss franc loans totaling €4.5 billion due to the strengthening Swiss franc against the euro, impacting borrowers' debt, while a new LNG-CNG station opens in Thriasio.

Progress

24% Bias Score

Reduced Inequality
kathimerini.gr
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Greece Announces Banking and Social Welfare Reforms

The Greek government announced banking reforms including eliminating basic transaction fees, capping transfer fees, and doubling property taxes on bank-managed properties, alongside social welfare measures providing free medication to 132,000 pensioners and support for 150,000 uniformed personnel.

Progress

48% Bias Score

Reduced Inequality
kathimerini.gr
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Greece's Finance Minister Defends Budget Amidst Opposition Criticism

Greek Finance Minister Kostis Hatzidakis defended the government's budget, highlighting positive growth driven by specific policies, while acknowledging challenges such as inflation and the housing market and criticizing the opposition's vision of returning to 2019's economic climate.

Progress

52% Bias Score

Decent Work and Economic Growth
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Greek Budget Debate Reveals Political Polarization, Lack of Substantive Argument

The Greek parliament's budget debate was characterized by a lack of substantive arguments from most parties, with the government presenting positive economic data while the opposition resorted to hyperbole; PASOK leader Nikos Androulakis's upcoming speech is seen as an opportunity to shift the debat...

Progress

48% Bias Score

Reduced Inequality
kathimerini.gr
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€260 Million Thriasio Goods Center to Begin Construction in 2025

The €260 million Thriasio Goods Center in Greece, a joint Goldair-ETVA project, is slated to begin construction in 2025, concluding in four years and spanning 265,000 sq m. The project, funded by the US DFC, signifies strategic significance for the Greek supply chain, following years of regulatory d...

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52% Bias Score

Industry, Innovation, and Infrastructure
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Greek Taxpayers Face Strict December 31st Deadline

Greek taxpayers face a December 31, 2024 deadline for multiple tax obligations, including income tax installments, ENFIA, vehicle licensing fees, and various declarations; failure to comply results in penalties.

Progress

48% Bias Score

Reduced Inequality