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  1. Budget primary surplus confirmed at 6.95 bln in Nov
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion. During the first 11 months of the year, total expenditure came to 46.51 billion, landing below target by 1.89 billion. Total expenditure is expected to land at 55.87 billion by the end.... The corresponding expenditure stood at 585 million, leading to a PIB deficit of 247 million

    20%

  2. Employment balance positive by 37,568 in June, reflecting uptick in seasonal hires
    Photo by MacroPolis

    EconomyMacroeconomy

    balance for June registered by Ergani since 2001. Total hirings came to 238,353 versus 200,785.... On an aggregate basis, full-time employment came to 50.2 percent of the total, compared to 39.8... (-585) and telecommunications (-400). In the first six months of the year, the employment balance showed

    20%

  3. Greek budget outperformed targets by 3.9bn euros to August, preliminary figures show

    Economy

    , a Jan-Aug primary surplus of 1.42 billion and a budget deficit of 3.94 billion continued to outperform... for a second consecutive month, with the Jan-Aug figure landing at 30.5 billion euros, down 7.6 percent yoy... compared to last year (mainly reflecting last year’s PSI), resulted in a higher cut of total

    20%

  4. Direct taxes jump by 46 pct to help Sept. revenues beat target for third month in row

    Economy

    significantly boosted by cumulative Public Investment Budget (PIB) revenues of 2.2 billion. Nevertheless, a Jan..., with the Jan-Sep figure landing at 34.62 billion euros, down 5.6 percent yoy. Direct taxes jumped... (mainly reflecting last year’s PSI), resulted in a higher cut of total expenditure by 17.2 percent yoy

    20%

  5. October revenues reverse earlier shortfall, annual primary surplus in sight

    Economy

    Budget (PIB) expenses. As a result, a Jan-Oct primary surplus of 1.10 billion and a budget deficit..., with the Jan-Oct figure landing at 39.38 billion euros, down 6.1 percent yoy. More significantly... in a higher cut of total expenditure by 16.1 percent yoy to 42.58 billion. The PIB exhibited a deficit

    20%

  6. Revenues at 4.77 bln in Oct, beating target for fourth straight month

    Economy

    Budget (PIB) expenses. As a result, a Jan-Oct primary surplus of 1.09 billion and a budget deficit... in October, remaining well above the 4-billion mark for a fourth consecutive month, with the Jan-Oct figure... impact from last year’s PSI), resulted in a higher cut of total expenditure by 16.1 percent to 42.58

    20%

  7. Where is the EastMed pipeline heading?
    Photo by Aris Roupinas via https://www.pio.gov.cy/en/

    Agora

    Zone, the decision to send troops to Libya, the maritime agreement with the Tripoli-based government... at Bar-Ilan University’s Begin-Sadat Center for Strategic Studies, and a senior fellow and lecturer

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  8. Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euro, with August receipts making up almost one third of total. Travel payments increased.... The August surplus contributed just over 35 percent of total. As with the previous month, the hike in travel.... The head of the leading European tour operator TUI Peter Long told Greek Prime Minister Antonis

    20%

  9. Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound

    Economy

    announced on Thursday a bond swap offer for a total consideration of 593-million-euor senior unsecured... by a maximum of 585 million in case all these outstanding bonds are converted into shares. Mytilineos

    20%

  10. Alpha makes 1.09 bln bond swap offer to boost capital
    Photo by MacroPolis

    EconomyBanking

    November 16. A similar bond swap offer was announced by Piraeus on October 15. It related to a total... to 585 million for the share exchange. As we noted two weeks ago, the market has been expecting Greek

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