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Public investment under spotlight amid arguments over budget execution
EconomyMacroeconomyfunds 166 million and 859 billion by other legal entities, to make up the actual spend of 4.97
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Newsletter 235 -17/01/2020
was 2.82 billion, municipalities spent 1.12 billion, social funds 166 million and 859 billion
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General gov't cash surplus rises to 3.54 bln at end of Feb, more than double last year
EconomyMacroeconomyThe Greek general government (gg) primary cash surplus in the first two months of 2014 more than doubled to 3.54 billion from 1.45 billion last year, according to the gg bulletin released by the Ministry of Finance on Wednesday. The gg cash balance also...
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Car sales resume double-digit growth rate in Oct with 15.2 pct rise
EconomyMacroeconomyAfter a short-lived drop by 13.8 percent in October, the number of road motor vehicles (going into circulation for the first time) rebounded by 15.2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The November grow...
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Greek stocks climb 3 pct on week, banks post double-digit gains
EconomyThe Greek stock market traded in positive territory climbing by 3 percent this week following modest gains of 0.7 percent in the previous week. The improving performance was accompanied by a notable recovery in the trading activity. The market rebound w...
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Greek stocks climb 5 pct on week led by double-digit bank gains
EconomyThe Greek equity market headed north for the second straight week recording gains of 5 percent, after a rise of 1.5 percent in the previous week. The upswing was mainly fuelled by banks, which soared 17.9 percent. Despite a negative start in the first t...
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Travel balance more than double in Feb as arrivals increase by 24.6 pct
EconomyMacroeconomyGreece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 120.3 percent year-on-year (YoY). Receipts came to 240.4 million euros for the month, incre...
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First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
EconomyGreece stepped into the international markets on Wednesday with an inaugural 10-year benchmark, rolling out its 12-billion-euro debt strategy of 2022. Greece issued a 10-year benchmark of 3 billion euros, with a coupon of 1.75 pct and a final reoffer yi...
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Travel receipts more than double in 2021, arrivals at 47 pct of 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 64 million euros in December, from a surplus of 173.8 million euros in November, according to Bank of Greece (BoG) data released on Tuesday. Aside from being significantly higher than the 2.2 million euros r...
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Reopening of 10-year bond issued in Jan sees yield double to 3.67 pct
EconomyGreece’s debt managers continue to take cautious steps in the sovereign bond market after having to readjust their borrowing strategy following the uncertainty caused by the Ukraine conflict and the turbulence in the markets, which pushed the 10-year be...
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