The Greek Deal.com
ECONOMY
EUROSTAT
Annual inflation in Greece at 3.2% in August
Inflation in the euro area continued to slow down in August, confirming analysts' estimates and giving the European Central Bank further scope to ease policy if this trend continues.
IPTO
Green light from Cyprus for the electricity interconnection with Greece
Yesterday, the Cypriot cabinet gave the go-ahead for the €1.9 billion project for the energy interconnection between Greece and Cyprus to move forward with the agreement with the Greek government and IPTO.
ERGOSE
Three new €1 billion railway projects in Northern Greece
Three new railway projects worth a total of €1 billion in Northern Greece are being "run" by ERGOSE, aiming to make our country a hub in the wider region.
Ministry of Finance
A Fair Development Transition Portfolio Fund is established
The Deputy Minister of Economy and Finance, Nikos Papathanasis, signed the financing agreement for the establishment of a Fair Development Transition Portfolio Fund by the Hellenic Development Bank.
Greek Banks
What Hercules III brings for the banking system
Kostis Hatzidakis, the Minister of National Economy and Finance, made the announcement regarding the extension of the Hercules program by an additional €1 billion during an inter-ministerial discussion on the details of the TIF measures.
Independent Power Transmission Operator
Everything points out to a deal with Cyprus for the electrical interconnection
Last minute consultations of the Greek and Cypriot sides on the major issue of the electrical interconnection between the two countries, a project for the implementation of which Tel-Aviv has clearly positioned itself in favour of, as it includes the prospect of (co)connecting Israel to the Great Sea Interconnector.
Ministry of Finance
Primary surplus of €7.6 billion in the eight months - €43 billion in tax revenues
The provisional data on the state budget's implementation, which the Ministry of Finance released on Monday, show better performance in tax collection this year by €1.342 billion but exceeding the target in the primary surplus by €1.12 billion for the period of January to August 2024.
Tourism
What will happen with the cruise tax and the fee on Airbnb-hotels
Olga Kefalogiannis, the minister of tourism, has moved forward with the specification of the measures for short-term rentals, the climate crisis resilience fee, and the cruise fee that the prime minister announced at the Thessaloniki International Fair.
Ministry of Finance
Increase in public investment by €900 million
Kostis Hatzidakis, the Minister of Economy and Finance, and Nikos Papathanasis, the Deputy Minister, announced today at the press conference that the Public Investment Programme's budget will increase by €900 million for 2024.
Bank of Greece
Inflation easing in the coming months
In its recurring publication "Inflation Monitor," the Bank of Greece forecasts that inflation will slow to 2.5% this year and 2.2% in 2025 before falling below the ECB's 2% threshold in 2027.
Kostis Hatzidakis
Request to the Commission for a one billion euro extension of Hercules
During the joint press conference on entrepreneurship and business productivity, Kostis Hatzidakis, the Minister of National Economy, announced that Athens had submitted a request to the European Commission to extend the Hercules program by one billion euros.