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Travel receipts maintain momentum in May with 17.7 pct YoY rise
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Significantly improved oil balance pushes current account to 196.5 mln surplus in May
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
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Energy drives drop of 4.2 pct YoY in import prices drop for June
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Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
DBRS keeps rating at BBB, ups outlook and sees upgrades if conditions improve
DBRS kept Greece’s rating unchanged at BBB (Low) on Friday, while it upped its outlook to positive from stable. DBRS was the first agency to grant the investment grade in September last year, although it was overshadowed by the extensive damage caused by Storm Daniel.
The rating rationale is in line with previous reviews by the agency and other leading agencies, underpinned by stable fiscal performance, a downward debt path and growth that outperforms eurozone peers, on the back of support by EU resources, notably th...
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