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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomy. The marked drop reflects deterioration in all C/A components, with the most notable in the goods deficit... years, while the drop in exports largely reflects a decline in the value of oil exports. It is worth... by 6 percent, while those excluding oil remained almost stable. The continued drop in the services
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Retail sales rebound by 7.1 pct in July for first time in thirteen months
EconomyMacroeconomyThe turnover of Greece’s retail trade index strongly rebounded by 7.1 percent in July after a drop... drop of 7.2 percent in the corresponding period last year. The breakdown showed turnover in almost... store category that posted a month on month (MoM) drop in July was retail sale not in stores, where
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Newsletter 92 - 14/10/2016
the corresponding surface and volume figures recorded a notable drop of 18.9 and 30 percent... is the first negative reading since March. The modest drop largely reflects a 4.6 percent decline... supply production edged up 1.2 percent. The modest drop largely reflects a 4.6 percent decline
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomy. On the flipside, direct taxes are estimated to drop by around 300 million to 20.42 billion in 2017. On the cost front, primary expenditure is projected to drop by more than 1.4 billion euros to around 44 billion... clearance. However, the debt to GDP ratio is expected to drop to 176.5 percent in 2017 from 180.3
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Newsletter 97 - 25/11/2016
to the September performance, the 9-month decrease in travel revenues fully reflects a drop... surplus by 178 million euros and a drop in the goods deficit by 76.6 million. The primary... percent to 3.63 billion. The improvement stems from the widening of the services surplus by and a drop
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyratio of 50.5 percent is due to drop to around 34 percent in 2019. In addition, NPLs are estimated... that the NPL ratio is expected to drop by 18 percentage points (pp) from 38 percent in June to 20... for the anticipated drop in bad loans also supported by collateral liquidations, collections and loan sales
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomysimilar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. This was the 17th successive drop leading the Eurosystem funding balance down to 68.49... billion euros, with a cumulative drop of 41.73 billion since June 2015. Around half of this reduction
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Newsletter 101 - 23/12/2016
, respectively. The central bank also projected that the unemployment rate will drop by 1.5 percentage... still point to a drop of 4.2 percent to 13.11 billion. In addition, the corresponding payments rose... Aggregate figures for January-October point to a 42.6 percent drop in the current account surplus
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Newsletter 102 - 13/01/2017
deficit rose by 1.2 percent in November, following a marked drop of 16.1 percent in October, ELSTAT... to 40.1 billion. 2 Unemployment rate eases Slight drop attributed to a decline in the number of jobless... figure indicates the lowest reading in the last 4.5 years. The slight drop is attributed
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Newsletter 106 - 10/02/2017
and transfers by 1.53 and 1.07 billion, respectively. Arrears to the private sector recorded a notable drop... billion in 2009 to 5.82 billion in 2015. The marked drop in operating costs led to efficiency gains... in November from 22.4 percent in the previous month. The upward movement is attributed to a drop
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