“Greece's fiscal sustainability improves”/ IMF: Strong investments and structural reforms are supporting growth
Greece has weathered the shock of the Middle East war with improved fiscal sustainability and financial stability, the International Monetary Fund says, adding that reforms to combat tax evasion have given the government room for measures that support household incomes while rapidly reducing public debt.
The energy price shock from the Middle East war is a major headwind, but strong investment and structural reforms under the Next Generation EU (NGEU) are supporting growth. Recent reforms to reduce tax evasion have broadened the tax base and reduced the shadow economy, creating space to support household disposable incomes while ensuring a rapid reduction in public debt.
The 2026 Financial Sector Assessment Program, the first since 2006, finds that systemic risks in the financial sector were low before the war and remain manageable. GDP growth is projected to decline to 1.8% in 2026. Despite support from higher public investment and household support measures, high energy prices and weak external demand due to the war will negatively impact private consumption and tourism.
In the medium term, growth is projected to decline to 1.5%, in a context of a shrinking working-age population with low labor force participation and sluggish productivity growth. Risks are on the downside, stemming mainly from a protracted war, an escalation of geopolitical tensions and trade fragmentation, while domestic risks include delays in the implementation of NGEU-financed projects. Upside risks to inflation arise from further increases in commodity prices, wage growth outstripping labor productivity growth, and higher costs related to climate shocks.
German economy in trouble/ Expected to shrink due to geopolitical influences
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5 NATO countries, "no" to funding for Ukraine/ Oppose the proposal for a contribution of 0.25% of GDP
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Germany's ultra-rich own over a quarter of the country's financial wealth
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Albania presents CEFTA 2026 priorities/ Ibrahimaj: Focus on barrier-free trade and integration with the EU
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DIVA 2025, Taxes begin reimbursement procedures for 34,263 beneficiaries
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Transparency Board sets new fuel prices
The Transparency Board has set new ceiling prices for fuel trading in the country this Tuesday, May 27, 2026. According to the decision taken at the next......
670 million euros in the pension scheme // 4-month period, an increase of 1,535 in a decade. Factors that have influenced
Employees in the country have paid approximately 66.8 billion lek or about 670 million euros into the state coffers as contributions to the social and health......
Muslim believers celebrate Eid al-Adha/ Spahiu: People should reflect more on each other
Muslim believers celebrated Eid al-Adha, the second most important holiday in the Islamic calendar, this Wednesday. Thousands of Muslim believers gathered......
