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Greece braces for major inflation shock as Middle East standoff continues
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April primary surplus beats target thanks to improved taxes and contained spending
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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
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Iran war begins to bite as costs rise and confidence falls
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Electricity supply pushes industrial production up 8.3 pct YoY in March
General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
Greece’s general government (gg) primary cash surplus expanded by 1.33 billion to 3.9 billion in the 8-month period of 2016 from 2.56 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Wednesday.
The notable improvement largely reflects a marked rise in the extrabudgetary funds’ surplus by 1.88 billion to 2.41 billion, while social security funds balance turned to a surplus of 614 million from deficit of 637 million a year ago. In addition, loca...
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