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Construction shows first signs of recovery in 2025 as building activity rises 31.6 pct YoY in May
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Primary balance up to July confirmed at 7.94 bln due to underspend, tax revenues
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Travel receipts rise by 8.8 pct YoY in June, arrivals drop marginally
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
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Industrial turnover stable in June after marginal 0.1 pct YoY rise
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
Greece takes next steps, including bond swap, to enhance debt profile over coming years
This week started with two developments that intend to further smooth out Greece’s debt obligations in the coming years.
The Greek authorities have for some time been trying to convince the institutions that the balance of Greece’s obligations to the IMF should be cleared and that Athens should also prepay some of the GLF instalments, from the bilateral loans of the first...
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