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Brussels flags downside risks for Greece as conflict‑driven inflation surges
EconomyMacroeconomyestimated at 3.7% in 2026 before moderating to 2.4% in 2027. Investment is expected to remain robust..., projecting growth of 1.9% and raising its inflation estimate to 3.1%. Last week, in the progress report...%, with a particularly worrying estimate for investment in 2027, rising by just 1.3% - a strong
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyexpenditure rose by 0.1 percent. ELSTAT also released a first estimate of the overall GDP figure for 2019... just short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019. This is subject to revision in the second GDP estimate which ELSTAT will release later in the year
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyand services were up by 2.2 percent. Compared to Q2 2023, all components recovered. Final consumption... in the Stability Programme sent to Brussels in May, the estimate for 2024 was revised down to 2.5 percent, from the 2.9 percent that was the initial budget estimate. In the latest monetary policy report
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Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure
EconomyMacroeconomyfigure incorporates revenues of 147 million for the fast-track settlement of tax arrears (implemented... billion spot on target. Overall, expenditure retreated 2.2 percent in the 4-month period to 11.98
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Newsletter 25 - 08/05/2015
point to revenues of 110 million from the settlement of 2.2 billion in tax arrears in the second half of April on top of the 147 million collected in March from the fast-track settlement process
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingwas reduced by 587 million QoQ and by 2.2 billion year on year (YoY) to 25.35 billion at the end... (provisions over gross loans) further dropping to 147 basis points (bps) in Q3 from 160 bps in Q2
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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
EconomyMacroeconomy. The draft budget slightly revises the growth estimate for this year to 2.2 pct, from 2.3 pct previously. The items revised down for 2025 compared to the previous estimate are investments that are now seen to grow by 5.7 pct this year and exports growth is seen at 2.2 pct. Investments were
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Blinken visit highlights Greece's growing role as key regional partner
PoliticsForeign PolicyCooperation Agreement, updated in October 2021, was the backbone of the robust defence relationship..., after their national elections. The Libya issue was also raised by the US official, who distanced
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policyand the island of Crete. "We want to make an opening with Libya as a whole, so that we can finally... located in the area between Greece and Libya," Mitsotakis said in an interview with ANT-1 TV, last Monday. It appears that Athens has decided to begin surveys in response to the recent Turkish-Libya
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IMF still sees fiscal gap in 2018 - no action needed, for now
EconomyProgrammedecade, when the Greek growth estimate eases to 1 percent in 2022. This year’s GDP will be boosted... the deflation years behind, with the inflation estimate at 1.2 percent this year and 1.3 percent in 2018... forecast for 2017 which has been revised downward from the 2.1 percent July estimate. On the fiscal
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