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Budget primary surplus at 1 bln in Jan as tax revenues outperform
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.02 billion euros in the first month of 2017, broadly stable from last year, according to the Finance Ministry (MoF) final budget execution bulletin published on Friday. Preliminary figures were released on F...
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The Agora podcast - Episode 1 (Greece & Covid-19)
AgoraOur first podcast is on (what else?) the coronavirus. Host Nick Malkoutzis discusses with MacroPolis co-founder Yiannis Mouzakis and the website's features writer Georgia Nakou about how Greece has coped with the public health challenge of Covid-19 and ...
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Poverty rate rises in 2021; even after social transfers 1 in 4 children are at risk
SocietyThe latest living conditions published by ELSTAT on Friday shows that poverty resumed an upward trend in 2021 after a series of declines that started in 2014, with 2020 marking the most recent annual low. The risk of poverty threshold has dropped to 5,2...
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Credit flow turns negative in July with outflow for corporations at 1 bln
EconomyMacroeconomyThe credit expansion in the Greek private sector kept up its recent pace in July, rising by 6.4 percent year-on-year (YoY), from 6.1 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was negat...
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Here's why IOBE think tank sees Greek economy growing 0.7 pct this year
Economyreleased before three months. Private consumption is seen growing by 0.5 to 1 percent (from -2... to around 2 percent in 2014 (from -3 percent before), in line with official estimates, on the back... retreating this year by 2 to 3 percent (from a previous estimate that they would rise by 5 to 8 percent), yet
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General government primary cash surplus widens notably to 5.14 bln at end of Nov
EconomyMacroeconomyperiod. The government has initially indicated that a part of the last two sub-tranches of 2 and 1... loans by 2.18 billion largely due to the payment of the last sub-tranche of 2 billion. All the other... redemptions of 6.7 billion, increase in repos by 1.4 billion and a net decrease of around 2 billion
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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek PoliticsGreek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal... been legislated. The coalition still faces a vote on another 1 percent in GDP in other measures... worsening liquidity conditions over the next weeks – an extra 2 percent of GDP in standby fiscal
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Overall loan interest rate edges up to 4.68 pct in August
EconomyMacroeconomyweighted average interest rate on all existing loans stood at 4.09 percent, down by 2 bps while... loans and overdrafts, dropped by 2 bps to 14.32 percent. The average interest rate on consumer loans with a defined maturity at a floating rate fell by 2 bps to 10.39 percent. In addition, the average
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Newsletter 285 - 19/02/2021
that the firms must employ at least five people and they they must spend at least 1 million euros a year... nomad/brain drain initiative is still under preparation, according to Kathimerini 2 CPI falls by 2... for the last 10 months. Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY
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Newsletter 416 - 15/03/2024
authorities. Even the lower growth rate of 2 pct last year puts Greece well ahead of the eurozone and EU... certainly live with a growth rate in the region of 2 pct for 2023. The area that the Greek authorities... in a reduction in the policy rate of more than 1 percentage point. The government will have to deal
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