Greece plans to pay off more of its bailout-related debt ahead of schedule, with another 5.3 billion euros in loans slotted to be repaid on December 15, according to reports at Reuters.
The loans were set to mature in 2024 and 2025 and are part of the 260 billion euros in loans distributed to Greece by the International Monetary Fund (IMF) and eurozone during the country’s ten year debt crisis that began in 2009.
Greece paid off the IMF, which had loaned it 28 billion euros between 2010 and 2014, two years ahead of schedule and also repaid another 2.7 billion euros that went back to eurozone partners. Sources told Reuters that the country hopes to pay off even more loans early in 2024.
Considering the planned payment of this year, Greece will have repaid 13 billion of the 53 billion Greek Loan Facility, due to mature in 2041. The country has been able to do so on account of higher-than-expected tax revenues, growth which is double the eurozone average, and primary surpluses that have been boosted by tourism and investments.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Deadline for Postal Vote Registration Expires on Mon.
More than 157,000 Greek citizens had registered on the relevant online platform so far
Orthodox Palm Sunday Today; Shops Open in Greater Athens-Piraeus Area
Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5)
Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
