News

Greece Presents First Post-Bailout Budget; Awaits EU Approval

Date: 21.11.2018 / By Tasos Kokkinidis / Greece.GreekReporter.com / Comments (0)

The Greek government on Wednesday tabled the first budget drawn up since the country exited the bailout era last August.

The 2019 budget projects a GDP surplus of 3.6 percent, against a target of 3.5 percent, and a growth rate of 2.5 percent versus 2 percent this year.

With the surplus, the government intends to distribute social dividends on the basis of income criteria to weaker economic groups, vowing to offer housing subsidies; reduce the ENFIA property tax by up to 30 percent; reduce corporate taxation from 29 percent to 25 percent; and strengthen special-education schools by hiring 4,500 teachers.

Spending on social needs will exceed 900 million euros, instead of the 750 million originally budgeted.

The budget needs to be approved by the “Eurogroup”, which indicated on Monday that it will be seen favorably, but a final decision is not expected until early next month.

European Commissioner for Economic and Financial Affairs Pierre Moscovici said that “there will be no negative surprises”, and Eurogroup President Mario Centeno expressed confidence that Greece would continue to progress with economic reforms, reach its fiscal targets and “continue to be a success story.”



http://greece.greekreporter.com/2018/11/21/greece-presents-first-post-bailout-budget-awaits-eu-approval/

Reviews & Comments


GPE360.com (GreekPropertyExchange.com) has relaunched as the top Greek real estate and property website portal dedicated to Greece and Cyprus’ industry. GPE360.com’s members include top real estate agents, realtors, individual sellers, FSBO, sale by owners, architects, developers, construction companies, lawyers, notaries and others that advertise residential (house, home, land, apartments, flats, villas, land, parcels and commercial listings for those looking to buy, sell and rent across all of the Hellenic Republic. GPE360.com is like the MLS database portal that is advertised in the top Greek diaspora and international markets around the world to those looking to invest - including Australia, the United States, Canada, United Kingdom, Germany, France, Spain, France, Europe, South Africa, Russia and everywhere else. Most foreigners start their home search in popular destinations like Mykonos, Chania, Crete, Athens, Thessaloniki, Cyclades, Santorini, Rhodes, Corfu, Ios, Lefkada and many more cities, prefectures and regions in Greece. GPE360.com has been featured in most Greek news media outlets and in some of the leading international publications in newspapers, magazines, websites, online news portals, television and radio. Notable publications featuring GPE360.com and its founder, Georgios Stroumboulis include the Wall Street Journal, G1 Brasil, India Today, Barron’s, El Mundo, Naftemporiki, Kerdos, Isotimia, Vradyni, Elefterotypia, Elefteros Typos, Imerisia, Ta Nea, Ethnos, Neos Kosmos, GreekReporter.com, PappasPost.com, Voria.gr, Parapolitika.gr, MetroGreece.gr, People Greece, NewsBeast.gr, Radio Neo Show, Antenna ANT1 Satellite TV, MEGA TV, Makedonia TV, Channel 9 (Το Α και το Ω των ακινήτων). GPE360.com is the only real estate website to have produced its own reality TV show called Hellenic Home Hunting (www.HellenicHomeHunting.com). Created, produced and edited by George Stroumboulis’ media company, BouliBrand (www.BouliBrand.com), this TV show caused an international media storm for controversy during the unstable economy period in Greece. Visit www.GPE360.com for the latest property listings and start your search, register for an account to sell or simply browse our news. Stay connected with us on Facebook (www.facebook.com/gpe360), Twitter (twitter.com/gpe360), LinkedIn (https://www.linkedin.com/company/greek-property-exchange-gpe-), YouTube (https://www.youtube.com/user/gpe360), and Instagram (www.instagram.com/gpe360/). Use the hashtag #GPE360 and #HellenicHomeHunting.



featured on the front page of

The Only TV Show Promoting
Greek Real Estate to the World!
WATCH FIRST SEASON