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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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Tsipras confirms Parliament will probe contentious Novartis bribery claims
PoliticsGreek Politicsin the pharmaceutical sector cost Greece a total of 23 billion euros between 2000 and 2010, although it has.... The committee will have 21 members (10 SYRIZA, 5 New Democracy, 1 PASOK, 1 Golden Dawn, 1 KKE, 1 ANEL, 1 Union of Centrists & 1 To Potami), with the governing coalition being represented by 11 MPs, who
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyfiscal change this year of almost 1 billion YoY. This sector has had the worst fiscal performance so... of total arrears. These two gg entities also recorded the highest rise in arrears year to date at 300... budget arrears increased by a modest 9 million MoM to 144 million (3.7 percent of total), while
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General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
EconomyMacroeconomyat 2.85 billion, representing less than 1 percent of the total. Guarantees The stock of gg guarantees... was in extrabudgetary funds, where a YoY fall of 241 million was observed. The total figure for this category... percent of the total. Arrears Arrears to the private sector (including tax refund arrears) fell by 390
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General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
EconomyMacroeconomylending was unchanged and came to 2.38 billion euros, or under 1 percent of the total. Guarantees... went down by 6 million. Since the start of the year, total arrears have fallen by 298 million... SSFs which made up 28.9 percent of the total. Debt Central government gross debt rose by 13.89
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingof the EU rules. Hercules aims to take a total of 30 billion euros in bad loans of the books... by around 26 billion euros. The total still remains extremely high, coming to 78.8 billion euros..., Piraeus Bank has the highest NPE stock on its balance sheets with the total currently standing at 26.1
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General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
EconomyMacroeconomya surplus of 966 million, down by 2 billion from last year’s figure of 2.97 billion. As a result, state... of 25.58 billion remain the highest expenditure figure making 51.6 percent of total followed by compensation of 10.37 billion (20.9 percent of total expenditure). Arrears Arrears to the private sector
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