Economy of Russia

Greece's state budget presented a primary surplus of 8.743 billion euros in January-September 2024, against a primary surplus target of €5.3 billion and a primary surplus of €5.98 billion euros in the same period of the previous year, per the preliminary data available for the execution of the state budget on a modified cash basis.

The excess of tax revenues was confirmed on Monday by the latest budget execution data for the year's first eight months.

According to them, tax revenues amounted to 43.092 billion euros, increased by €1.989 billion or 4.8% compared to the target included in the indicative report of the 2024 budget.

The Treasury's cash budget produced a surplus of 234.8 billion Turkish Liras ($7.3 billion) in May, according to data from the Treasury and Finance Minister.

This marked the first cash surplus since November last year.

Cash revenues amounted to 1 trillion liras last month, while expenditures stood at 787.5 billion liras.

The execution of the state budget shows a primary surplus of 3.25 billion euros in the first quarter of 2024 (January-April), against a primary surplus target of 631 million euros and the primary surplus of 2.44 billion euros achieved in the same period of the previous year, the National Economy and Finance Ministry said in its preliminary data released on Wednesday.

Russia's economy will grow further this year despite Western sanctions over its Ukraine invasion, while Israel's war against Hamas in Gaza will weigh on neighbouring nations, Europe's development bank forecast Wednesday.

The Hellenic Investment and Trade Company, also known as Enterprise Greece, participated in 45 business meetings at the International Hotel Investment Forum (IHIF) from April 15 to 17 in Berlin. 

Amid widespread speculation about the impending collapse of the Russian economy, recent assessments by economists suggest a different narrative emerging.

The ambassadors representing European Union member states have given their approval for the implementation of the 13th package of sanctions targeting Russia. According to the Belgian presidency, which made the announcement, these sanctions are expected to be among the most comprehensive yet.

The 12th Arab-Hellenic Economic Forum on "Greece and the Arab World: Embracing Change" will take place on December 13-14 in Athens.

The Russian ruble's wobble in value has exposed a crack in President Vladimir Putin's fortress economy, a vulnerability quickly plastered over by the Kremlin's economic team in a move that allowed the currency to regain its footing, at least for now.