The author mentioned that "Cerberus," "Procrustes," and "Midas" were, according to him, the real names of the "Hercules" plan. He said that the funds expected 35 billion euros and argued that private debt burdened the economy while small and medium-sized enterprises were suffocating. He proposed that the EFKA should become "national." https://t.co/ufcm1Db8UG #Οικονομία #ΔημόσιαΠολιτική #Επιχειρήσεις #GR (translated)
The salary scale in the public sector, while public employees benefited from reductions, at the same time there were increases in salaries and this enlarged the base, so as a whole the tax reform had a smaller impact compared to what was expected while there are measures, for now, these measures do not seem to be reflected in results. The results would be a reduction in uncollected taxes. There is an improvement in collectability because many well-paid foreigners are employed and this has helped, at least at this stage the OAP is one of the two reasons this is happening, according to Mr. Charalambous "is that many well-paid foreigners are employed and this has helped, at least at this stage the OAP." It is that the agreed increase in social contributions established by law is being incorporated. And I say this because it is important for us to keep this in mind. Without these increases, social insurance would be hardly viable. In our view, there will be no long-term sustainability of pensions without the introduction of the second pillar. By its nature, it must be done gradually, which is why it must be done today. If we postpone it, we have gained nothing, because we must introduce this institution and we must introduce it gradually so that it can be absorbed by businesses. Mr. Charalambous described the issue of the second pillar of pensions as very important. #Οικονομία #Συντάξεις #ΔημόσιεςΔαπάνες (translated)
The President of the Fiscal Council, Andreas Charalambous, warned about the challenges facing the Cypriot economy, emphasizing the pension system, public spending, and the slow implementation of development projects, during a discussion on the state budget in Parliament. #Οικονομία #Συντάξεις #ΔημόσιεςΔαπάνες (translated)
The Bank of Greece estimates that inflation will decline to 3.5% in 2026 and to 2.2% in 2028, although price increases in services and possible new interest rate hikes add uncertainty to the economic situation. #Πληθωρισμός #Οικονομία #ΤράπεζατηςΕλλάδος (translated)
Robert E. Hall and Michael Woodford were awarded the 2026 Nobel Prize in Economics for their contribution to the understanding of how the expectations and decisions of households and businesses affect economic stability and crisis management. #ΝόμπελΟικονομίας #Μακροοικονομία #ΟικονομικήΘεωρία (translated)
It is not an exaggeration. By creating the market for syndicated loans, Minos Zomanakis played a crucial role in transforming London into one of the most significant financial centers in the world, into a global hub of international banking. "It is not an exaggeration. By creating the market for syndicated loans, Minos Zomanakis played a crucial role in transforming London into one of the most significant financial centers in the world, into a global hub of international banking," said Gikas Hardouvelis about Minos Zomanakis, the Greek banker who started from Kalyves in Chania and left his mark on world economic history. #Οικονομία #Τραπεζική #Δανεισμός (translated)
Gikas Hardouvelis analyzes how Minos Zobanakis, a Greek banker from Kalyves Chanion, revolutionized global banking by creating the market for syndicate loans and contributing to the formation of LIBOR. #Οικονομία #Τραπεζική #Δανεισμός (translated)
Trump said on Friday that he would work with Vladimir Putin to funnel Russian diesel into the global markets, a move that drew criticism from both parties in the US and was strongly condemned by Zelensky, as it provides Russia with more resources to continue the war. #πετρέλαιο #Οικονομία #ΜέσηΑνατολή (translated)
Although there have been no reports of attacks on Russian energy infrastructure in the last twenty-four hours, Ukrainian President Volodymyr Zelensky stated that any pause must be mutual and that he "expects details" from the US. #πετρέλαιο #Οικονομία #ΜέσηΑνατολή (translated)
The price of Brent oil increased by 0.92%, reaching $105.68 a barrel, as markets assess the recent energy truce between Russia and Ukraine and the rising attacks in the Middle East. #πετρέλαιο #Οικονομία #ΜέσηΑνατολή (translated)
I will raise it again personally, at the European Council on Thursday and Friday: it is a simple, logical, and responsible proposal. "Europe must take into account that the crisis in Iran, the closure of the Strait of Hormuz, and the instability in the Red Sea are driving up the costs of energy, raw materials, and transportation, and, in particular, that they are fueling an inflation that is getting out of our control, but particularly affects households, production systems, and public finances. This specific issue has already been raised by the Minister of Finance, Giancarlo Giorgetti, at the recent Ecofin meeting. I will raise it again personally, at the European Council on Thursday and Friday: it is a simple, logical, and responsible proposal," concluded Giorgia Meloni. #Ενέργεια #ΕυρωπαϊκήΈνωση #Μελόνι (translated)
Capital Maritime Finance announced that the price for the IPO ranges from 7 to 7.68 euros per share, aiming to raise 250 million euros through the issuance of 31.9 million new shares, starting from October 13. #IPO #CapitalMaritimeFinance #Οικονομία (translated)
KatiApoZebra compared prices from 2021 to 2026, reporting an increase of 85.5% in heating oil, 76.4% in beef, 58.8% in electricity, 33.7% in dining, 31.8% in rents, 30.8% in bakery products, and 27.1% in gasoline. It attributed the increases to growth under Mitsotakis and used an insulting term for him. https://t.co/0BFzA2buty #Ανάπτυξη #Οικονομία #Καταναλωτές (translated)
According to the research of IELKA, the dietary and consumption habits of Greeks have changed dramatically, with consumers reducing spending on olive oil, beef, and milk, and turning towards more economical and ready-made products, revealing a gradual restructuring of the family budget. #Οικονομία #Διατροφή #Κατανάλωση (translated)
The Minister of Finance presented the state budget for 2027, forecasting a growth rate of 3% for the Cypriot economy, with a decline in inflation and a reduction in public debt. #Προϋπολογισμός #Οικονομία #Κύπρος (translated)
The author of the post argued that banks thrived with the support of the government, while citizens and small and medium-sized enterprises were under pressure. He mentioned net profits of €4.63 billion in 2025 and over €2.5 billion in the first half of 2026, while also noting a 25.3% increase. https://t.co/B8uhaMIP8b #Τράπεζες #Κοινωνία #Οικονομία #GR (translated)
Robert E. Hall and Michael Woodford were awarded the Nobel Prize in Economics 2026 for their contributions to the microeconomic foundations of macroeconomic stabilization. #ΝόμπελΟικονομίας #Οικονομία #Μακροοικονομική (translated)
The pro-Iranian Houthis are attacking Riyadh, increasing the pressure on Saudi Crown Prince Mohammed bin Salman, who is facing a weakened economy and security challenges for the kingdom due to the escalating conflict in Yemen. #ΣαουδικήΑραβία #Χούθι #ΜέσηΑνατολή (translated)
The new bill from the Ministry of Environment and Energy brings significant changes to the charges for electricity and natural gas, including new rules for switching suppliers, the establishment of fixed tariffs, and the strengthening of consumer protection. #Οικονομία #Ρεύμα #ΦυσικόΑέριο (translated)
The author of the post raised the issue of utilizing lignite and the future of lignite plants, linking it to the cost of energy and its impact on Greek families. He also mentioned that energy decisions directly affected the economy, production, and daily life. https://t.co/XjMrmzrlVf #ενέργεια #οικονομία #λιγνίτης #GR (translated)
