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23
Oct 2026
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Mitsotakis at MED9: Europe must answer energy costs with joint initiatives

Speaking at the MED9 summit in Split, the Greek prime minister called for joint European initiatives to ease energy costs while protecting fiscal stability, and welcomed Brussels' positive response to Greece's proposed emergency migration mechanism

Russia: Defence budget to exceed $200 billion in 2027, highest since the start of the war

Russia’s total defence spending is expected to reach $590 billion over the next three years – Defence spending prompts revision of the projected budget deficit to 3.2%

European Central Bank readies new interest rate rise, and what it means for mortgages and business loans

Germany's Joachim Nagel says a further quarter-point increase is effectively certain as eurozone inflation holds near 3%, with the rise set to filter through to Euribor and then variable mortgages and business loans within weeks

Budget: Primary surplus of €5.77 billion in the first seven months of the year

Tax revenues were €990 million above target, while public spending increased by €1.046 billion due to the acceleration of investment and Recovery Fund projects

Budget camping holidays surge in popularity, with Chalkidiki occupancy hitting 95%

Greek campsite operators report booming demand into September nationwide, with Greeks now up to 40% of guests amid rising hotel costs, while occupancy across Greece's 293 organised sites has climbed about 10% overall this year

Budget: Primary surplus at €5.725 billion in the January–July 2026 period

Tax revenues stood at €42.9 billion, €1.55 billion above target - How revenues and expenditure performed and how they compare with projections

Budget: Primary surplus at €3.638 billion in the five-month period

€2.4 billion above target – “Net excess” of €258 million also in tax revenues

New home renovation scheme to offer higher subsidies and cover more beneficiaries

The new «Renovate» programme is expected to have a total budget of around €500 million and to provide significantly higher cost coverage than previous schemes

Pierrakakis announced a supplementary budget of 800 million and a bill with new measures

Next week, the package of interventions for pensioners, families, rent, debt and first home will be consulted next week - The beneficiaries of the 300 euro aid are extended

Budget: Primary surplus of €4.369 billion in Q1 2026

The target for the primary surplus was €2.732 billion - Tax revenues exceeded the target by €308 million, mainly driven by VAT, while expenditures were lower than forecast, strengthening the result

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