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Name and shame
AgoraMitsotakis the younger should know better than most that playing short-term domestic political games... such as the one in Thessaloniki, labelling them nothing more than the populist manifestation of fringe... even sharper mid-air manoeuvres than the Greek air force F16s he commands. Few eyebrows would
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More changes needed to unlock private sector's potential, report says
EconomyFeaturesdominated by small firms, rather than larger, productive companies serving international markets... added affected micro firms (less than ten employees) the most but also impacted small businesses... at around 80 percent of the nominal value in 2008.” While this has led to large firms’ (more than 250
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomytargets by 144 and 124 million respectively, reflecting a lower Public Investment Budget (PIB) balance and net revenues which more than offset lower expenditure. Revenues excluding tax refunds rose 6.1... in January to 2.95 billion euros, 405 million better than the target. Interest payments eased 9.2
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Central gov't cash deficit shrinks to 1.27 bln in April
EconomyMacroeconomyGreece’s central government net balance to April on a cash basis showed the deficit shrinking to 1.27 billion euros, 4 billion lower than a year earlier, according to the Bank of Greece (BoG). The 4-month primary cash balance turned positive at 1.33 billion from deficit of 2.81 billion
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Central gov't primary cash surplus reaches 1.37 billion in first half of year
EconomyMacroeconomyGreece’s central government net balance to June on a cash basis showed the deficit shrinking by 78... of Greece (BoG). Similarly, the 6-month primary cash balance improved by 6.14 billion euros, posting... at 23.67 billion euros, 236 million higher than the BoG underlying item. Interest payments on a cash basis
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Budget primary surplus falls to 1.24 bln at end of Feb as revenues miss target
EconomyMacroeconomy(by 731 million), higher Public Investment Budget (PIB) balance (by 318 million) and higher tax refunds (by 145 million). Similarly, the budget balance posted a deficit of 194 million euros from a surplus... percent to 6.31 billion 591 million better than target. In January primary expenditure was just 53
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ELSTAT sees 2014 primary surplus at 0.4 pct of GDP, debt at 177.1 pct
EconomyMacroeconomythe definition of primary balance set by Greece’s Economic Adjustment Program (EAP). The key... of GDP under EAP methodology. In 2013, primary balance under ESA 2010 had posted a deficit of 8.3... is excluded from EAP calculations. ELSTAT figures also showed that the overall gg balance recorded
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IMF sees Greek debt above 200 pct of GDP in 2016, at 182 pct in 2020
EconomyGreece’s general government (gg) balance (as a percentage of GDP) showing a deficit of 0.5 percent...-August. For 2016, the IMF expects a zero primary balance compared to a surplus of 0.5 percent estimated... peaking to 3.5 percent in 2019-2020. The IMF’s medium-term forecasts are also lower than
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Greek private sector sees net job departures of 9,954 in Jan
EconomyMacroeconomyThe hirings balance showed net departures of 9,954 in January, up from last year’s figure of 9,273.... Since 2001, from when figures are available, January has always posted a negative balance apart from..., which were more than offset by a total of 120,444 departures. The latter reflects 65,658 lay-offs
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Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
EconomyMacroeconomyThe employment balance remained positive in December 2016, with net hirings increasing to 11,132... employment balance of 7,051 was recorded among youth (15-24 years old), while the 45-64 years old group..., the employment balance for 2016 stood at 136,260, up by 36.7 percent from last year’s figure
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