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  1. Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln

    EconomyMacroeconomy

    of Finance (MoF) on Friday. However, the end-year figure of 2.18 billion euros was 1.5 billion lower than... displayed the highest primary surplus at 2.42 billion euros in 2014, albeit lower than the 3 billion... of December, 803 million lower than the end-November figure of 4.56 billion and 1 billion below

    6%

  2. Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
    Photo by MacroPolis

    EconomyBanking

    from gains of 17 million in Q3, which more than offset lower operating expenses and a positive impact... interest income (NII) improved by 0.8 percent QoQ to 495.3 million on lower deposit cost primarily attributed to lower time deposit rates, while loan NII was lower QoQ. Net interest margin (NIM

    6%

  3. Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
    Photo by MacroPolis

    Economy

    before. The EC growth estimate for 2015 is lower than the latest Finance Ministry forecast of 1.4..., the EC underscores that weaker-than-expected revenues due to lower growth prospects more than offset the anticipated rebound in collection after the first quarter of the year leading to lower public

    6%

  4. Current account deficit widens to 404 mln in March

    EconomyMacroeconomy

    that this improvement is largely due to a lower net oil import bill, reflecting the decrease in oil prices.... The contraction in the services surplus by 22.1 percent is mainly attributed to lower net receipts from... to 5.01 billion, while imports fell at a similar rate by 7.7 percent to 9.19 billion. Lower oil prices

    6%

  5. What next for Greece's revenues and spending?

    Agora

    a positive surprise since a number of taxpayers preferred to pay their taxes in advance to lower... in the 5-month period, which is 621 billion or 10.9 percent lower than target. Note, though, that grants... target. More than 60 percent of this under-spending relates to other expenses and the remainder to lower

    6%

  6. Current account surplus at 407 mln in May - first positive balance since Sept 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    by 159 million and lower primary income deficit by 91 million. In particular, the goods deficit... to lower net oil import bill largely on account of a temporary shutdown of Aspropyrgos refinery... 11.8 percent YoY. According to BoG, lower net payments for purchases of ships and lower net oil

    6%

  7. Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
    Photo by Harry van Versendaal

    Economy

    in inventories, increased by 2.88 billion 3) Lower exports and imports by 986 and 695 million...), which corresponds to lower investments of more than 19 billion for the 5-year period. At the same time, the cumulative rise in exports (16.2 percent) was lower than the 18.1 percent released in March

    6%

  8. Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance

    EconomyMacroeconomy

    was partly offset by lower expenditure (by 3.1 billion) and a better than expected PIB balance (by 929... presented in the 2016 draft budget, which foresee lower revenues by 1.82 billion compared to the initial.... As a result, net revenues, show a lower shortfall of 4.6 billion compared to the 4.9 billion posted

    6%

  9. Bailout review resumes in Athens but substantial gap remains

    PoliticsGreek Politics

    federations. 2) Do not agree with the recent proposal from the government for lower contributions for farmers and the self-employed and insiste that lower contributions have to result in lower benefits. 3... with income criteria. 4) Insist on lower pension replacement rates, particularly for those with less than

    6%

  10. Government in race against time to resolve bailout issues

    EconomyProgramme

    debtors, equivalent measures for not imposing a VAT rate of 23 percent on private education and lower.... On foreclosures, media reports indicate that the new government proposal involves a lower objective... in KINO, assuming that players’ spending is kept unchanged. This in turn would lead to lower Gross

    6%