Revenue beats expectations
Revenue beats expectations Finance Minister Christos Staikouras spoke on Friday of the better-than-predicted course of revenues in 2022, and once again left open the possibility for additional fiscal space and new support measures. Speaking on Parapolitika Radio, he said that provided there is some leeway on the fiscal front, it “will be returned in its […]
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‘Major prospect’ off Crete boosts expectations
‘Major prospect’ off Crete boosts expectations With US-based ExxonMobil entering the final stage of exploration in Crete, Athens’ expectations have been boosted by the statement by Environment and Energy Minister Kostas Skrekas that there are indications of a significant deposit that could fill the Russian gas gap in Europe for 10 years. This has been […]
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High expectations natural gas off Crete could cover EU needs
High expectations natural gas off Crete could cover EU needs Positive messages from ExxonMobil for an important natural gas field in Crete. Energy Minister says “there are expectations that it will cover the gap of Russian gas for 10 years in the European Union.” Environment and Energy Minister Kostas Skrekas spoke of “high expectations” from […]
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Greece has ‘High Expectations’ from Gas Deposits Off Crete
Greece has ‘High Expectations’ from Gas Deposits Off Crete Environment and Energy Minister Kostas Skrekas spoke of “high expectations” from hydrocarbon exploration. Credit: AMNA The government in Greece said Tuesday it has “high expectations” from the exploration of natural gas in the maritime area off Crete. Greece began gas exploration starting with seismic surveys in […]
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Skrekas Reports ‘High Expectations’ from Hydrocarbon Exploration
Skrekas Reports ‘High Expectations’ from Hydrocarbon Exploration January 25, 2023 FILE – Environment Minister Skrekas announces record subsidies for household power bills. (Photo by GIANNIS PANAGOPOULOS/EUROKINISSI) ATHENS – Environment and Energy Minister Kostas Skrekas spoke of “high expectations” from hydrocarbon exploration in the maritime area of Crete, adding that if exploitable deposits are indeed identified […]
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Great expectations of Black Friday
Great expectations of Black Friday Retailers harbor great expectations of this Black Friday, on November 25, after two years when shopping on this big discounts day was only done online (in 2020) or with many restrictions in brick-and-mortar stores (last year) with the mandatory presentation of vaccination certificates and a rapid test. Of course this […]
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More abuse claims about Ark of the World expected
More abuse claims about Ark of the World expected Amid expectations that more reports are yet to come, police and prosecution authorities have so far received testimonies of at least two incidents of sexual abuse of young boys by a prominent member of the well-known children’s charity Ark of the World (Kivotos tou Kosmou). The […]
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Alpha Bank: Economic climate, uncertainty and inflationary expectations in Greece and Europe
Alpha Bank: Economic climate, uncertainty and inflationary expectations in Greece and Europe Despite the strong inflationary pressures, the growth dynamics in the first nine months of 2022 based on the high impulse to consume and the sharp rise in tourist traffic and travel receipts, combined with the creation of new jobs, led to the recovery […]
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Expectations run low on investments
Expectations run low on investments The combination of expensive money, inflation and possible recession has made investors much more cautious. Investment deals, mergers and acquisitions will not be as significant this year, and investors are expected to look to sectors with more guaranteed returns, such as real estate, construction and energy. The value of business […]
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Great expectations from the Mitsotakis – Draghi dinner
Great expectations from the Mitsotakis – Draghi dinner A day before the EU Summit, Athens, turns its attention to Rome, focusing on the dinner Mario Draghi has invited the Greek PM to on Wednesday night. Government sources describe the Italian prime minister’s table with his Greek counterpart as a one-on-one meeting that will help build […]
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Growth beats expectations
Growth beats expectations Greece recorded a 7% annual growth rate in the year’s first quarter, the Hellenic Statistical Authority (ELSTAT) announced on Tuesday, offering some unexpected good news to the government and analysts that improves the prospects of the country’s gross domestic product for the entire year. This 7% rate is partly explained by the […]
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IOBE: Tourism will be crucial for business expectations in Greece in coming months
IOBE: Tourism will be crucial for business expectations in Greece in coming months Greek economic sentiment indicator rose to 105.1 points in May, but remained below last year’s level (108.6 points), the Foundation for Economic and Industrial Research IOBE said on Wednesday. The survey said that business expectations in Greece improved mainly in the industrial […]
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Society has expectations
Society has expectations The recent attack on the Aristotle University of Thessaloniki by a large and seemingly organized group of sledgehammer-wielding vandals confirms that the break from violence at Greek campuses was more due to a lull caused by the pandemic than the effective handling of the root of the problem. And the situation will […]
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Spring sales start with low expectations
Spring sales start with low expectations The spring midseason sales started on Tuesday with the compulsory use of a face mask the only measure remaining against the coronavirus. The sales window will close on May 14 for brick-and-mortar stores and on May 15 for e-shops. This Sunday, May 8, stores will be allowed to open […]
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EastMed Pipeline: Expectations for Draghi’s signature
EastMed Pipeline: Expectations for Draghi’s signature Positive developments are foretold for the EastMed gas pipeline, following the recent 180-degree turn of the Italian parliament, which unanimously passed a resolution in support of the major project. According to competent sources speaking to OT, “we expect further moves in support of the project and we do not […]
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Greek minimum wage to increase by over 6%
Greek minimum wage to increase by over 6% High expectations for an increase in the minimum wage, which may even exceed 6% – which appeared to be the most likely development – are being cultivated by the government, while the remuneration process has entered its final stage after the submission KEPE to the minister of […]
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New minimum wage close to 703 – 710 euros
New minimum wage close to 703 – 710 euros High expectations for the increase of the minimum wage, which may even exceed 6%, are cultivated by the government, while the process has entered its final stage with the Centre of Planning and Economic Research-KEPE today, Friday 15 April, to deliver to the Minister of Labor […]
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Exploratory contacts with low expectations
Exploratory contacts with low expectations Deputy Foreign Minister for Economic Diplomacy and Kostas Fragogiannis (l) talks to Turkish Deputy Foreign Minister Sedat Onal (r) at a central hotel in Athens on Monday as part of the Positive Agenda of discussions on economic and trade issues. The meeting took place ahead of the 64th round of […]
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Grounding expectations
Grounding expectations The message was clear: “No handouts without cost assessment.” This emphasis on fiscal discipline, however, seems to have not been enough to deter ministerial vacillations. One day, we hear scenarios for “what will we give, if we have a fiscal margin,” and the next day, an attempt is made to ground those expectations […]
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PPC – Expectations for two large funds for shares of more than 5%
PPC – Expectations for two large funds for shares of more than 5% The arrival of colossal institutional investors, foreign funds, the increase of the share capital of PPC and the building of positions in the share capital capable of financing flows from international markets are expected by the management of the public company and […]
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Revenues in August beat expectations
Revenues in August beat expectations The course of tax revenues in August is considered satisfactory, as they came in only 0.9%, or 41 million euros, below the original budget target, despite the extension of the deadline for the payment of the first two income tax tranches until Friday. Alternate Finance Minister Thodoros Skylakakis explained that […]
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Macquarie tops DEDDIE tender
Macquarie tops DEDDIE tender The expectations of high returns from the concession of 49% of the Hellenic Electricity Distribution Network Operator (DEDDIE) were vindicated on Friday upon the unsealing of the financial bids of four investors short-listed at the tender. Owner Public Power Corporation announced that the top bidder is Spear WTE Investments Sarl, a […]
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PM Mitsotakis: ‘Growth shattered expectations’; Cabinet makes decision on vaccination of children
PM Mitsotakis: ‘Growth shattered expectations’; Cabinet makes decision on vaccination of children Prime Minister Kyriakos Mitsotakis on Tuesday welcomed the high growth rates for the Greek economy announced by the independent statistical authority ELSTAT earlier the same day, saying that they had shattered expectations. “Greece’s economy surges 16.2% year on year in the 2nd quarter, […]
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Finance Ministry keeps expectations for TIF low
Finance Ministry keeps expectations for TIF low Finance Ministry officials want to tone down expectations about the economic policy measures to be announced by Prime Minister Kyriakos Mitsotakis early next month at the Thessaloniki International Fair (TIF). The fair is the forum where Greek PMs traditionally outline the coming year’s economic priorities, including much-anticipated handouts. […]
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Greece Fires: Foreign Assistance Surpasses All Expectations
Greece Fires: Foreign Assistance Surpasses All Expectations Slovak firefighters assessing the situation on the Greek island of Evia. Credit: Greek Reporter As Greece fights for the ninth consecutive day the fires that have ravaged huge parts of the country, the assistance provided by dozens of nations has reached unprecedented proportions. Twenty-three countries, including 11 EU […]
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Industrial production declined 4.7% in May compared to April
Industrial production declined 4.7% in May compared to April Reduction of business expectations in the industry, to 105.3 units in June from 110 units in May, is shown by the monthly bulletin for the industry published by the Foundation for Economic & Industrial Research (IOBE) At the same time, it records an increase in unemployment […]
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Turkish cenbanker says inflation may exceed expectations this month and next, sources say
Turkish cenbanker says inflation may exceed expectations this month and next, sources say Turkish Central Bank Governor Sahap Kavcioglu said on Friday inflation could rise higher than expected this month and next, but that monthly moves do not affect its year-end forecast, according to two sources who participated in an investors meeting. Kavcioglu said the […]
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Greek tourism faced with new threat
Greek tourism faced with new threat Expectations of a smooth July in the Greek tourism sector are giving way to fear due to growing concern about the Delta variant of the coronavirus, the extension of restrictive measures on British travel to Greece and the reluctance of Berlin and Paris to accept the adoption of the […]
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Moderate expectations for Brussel talks
Moderate expectations for Brussel talks Seeking to build on the recent relative easing in tensions, Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erogan meet Monday in Brussels on the sidelines of the NATO Summit and talk through interpreters. The overarching aim of their talks is to achieve what failed to take place at […]
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Q1 exceeds expectations
Q1 exceeds expectations The Greek economy outperformed all expectations in the year’s first quarter, contracting by just 2.3% year-on-year, while posting a 4.4% quarterly growth from the October-December 2020 period, according to provisional data published by the Hellenic Statistical Authority (ELSTAT) on Friday. Gross domestic product in the eurozone shrank 1.8% in January-March on an […]
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