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Travel surplus rises by 10.4 pct in H1, German visitor numbers and receipts drop
EconomyMacroeconomyThe balance of travel services came to a surplus of 4.08 billion euros for the first half (H1) of the year, Bank of Greece (BoG) noted in its travel balance report for the first six months of the year.
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyGreece’s finance ministry tabled to Parliament the draft budget for next year in which Greek authorities see substantially accelerated growth while honouring the target agreed with official creditors of 3.5 percent of GDP primary surplus.
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General govt primary cash surplus at 4.35 bln in Aug, arrears up by 270 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 4.35 billion euros in the first eight months of the year, up by 713 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeaturesThe head of the Hellenic Chamber of Hotels (HCH) on Tuesday presented data outlining the immediate impact of the collapse of Thomas Cook on the Greek hotel sector.
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Budget primary surplus confirmed at 2.91 bln in August
EconomyMacroeconomyThe budget primary balance recorded a surplus of 2.91 billion euros in the first eight months of 2019, compared to a surplus of 1.12 billion noted in August 2018, the Finance Ministry (MoF) budget execution bulletin confirmed on Wednesday.
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Calls for measures to lessen impact of Thomas Cook collapse in Greece
EconomyFeaturesThe collapse of British travel firm Thomas Cook on Monday left around 50,000 tourists stranded in Greece, mainly on the country’s islands.
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Primary cash balance surplus at 2.46 bln in August
EconomyMacroeconomyGreece’s central government primary cash balance recorded a surplus of 2.46 billion euros in the first eight months of the year according to figures released by the Bank of Greece (BoG).
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Athens preparing to present budget plans to lenders after tax cut pledges
EconomyProgrammeFinance Minister Christos Staikouras is preparing to provide his eurozone counterparts with more details on Friday about the government’s fiscal plans, as set out by Prime Minister Kyriakos Mitsotakis at the Thessaloniki Expo over the weekend.
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New overdue tax debt comes to 104.8 bln in July, number of debtors jumps
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 320 million euros in July, data from the Independent Authority of Public Revenues (IAPR) has shown.
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VAT gap remains high as non-compliance overtakes revenue rise
EconomyFeaturesThe European Commission's VAT Gap report has revealed that tax revenues in Greece increased in 2017, but this did not close the gap between expected and actual VAT revenues.