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Greece's current account in surplus for the fourth consecutive month
EconomyMacroeconomyof 3.79 billion on a yearly basis. The reported positive balance during the first eight months of 2013... years. Latest BoG estimates (released in the end of May) called for a C/A deficit of 3 percent of GDP in 2013 and around 2 percent in 2014, while the IMF’s more updated estimates stand at 1.0 and 0.5
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European Commission says 2014 is a turning point for Greece as growth resumes
Economyin disposable income and the use of precautionary savings held outside banks during the crisis years. Estimates for gross fixed capital formation were lowered to +4.5 percent this year (from +5.3 percent... its GDP headline projections, its estimates on GDP components now show a slower drop in private
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Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
EconomyMacroeconomyto 208 million reflecting increased residents' travel abroad, mainly during the Christmas period... at the main Greek airports remained strong in January increasing by 30.2 percent. SETE estimates... updated estimates for 2015 tourist arrivals and revenues this week.
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammeweighing heavily on consumption and investment during the first half of the year. A rebound is now..., MacroPolis understands that the Finance Ministry estimates the primary surplus could exceed 1.2 percent... estimates are also subject to the swift completion of negotiations between the Greek authorities
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammereplace some of the agreed measures. Note though that these proposals should be presented during... percent for supplementary pensions. The General Accounting Office (GAO) estimates this will result... will further lower their cost with preliminary estimates calling for a 15 percent average cut in existing
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingreflects a notable rise in NPL restructurings, which almost tripled QoQ across the board. During.... The bank estimates a further reduction in staff costs by up to 6 percent to around 500 million... and assuming the macro consensus estimates are realised, the bank expects a positive bottom-line reflecting
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Bailout review to continue in Athens, lenders identify key tasks ahead
EconomyProgrammeCommission (EC) had a lower figure of 3 percent. In addition, the government’s estimates were broadly aligned with those of the EC. During a press briefing that followed the Eurogroup, Economic... indicating that the institutions have converged on their estimates regarding Greece’s fiscal gap
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Pieces of review puzzle yet to fall into place ahead of Eurogroup
EconomyProgrammeindicated an “honourable compromise” on the labour issue was discussed during European Commissioner... Tsipras and key ministers. On the fiscal front, where initial estimates were pointing to a fiscal gap... estimates converge towards an agreement later in December. This would require an extraordinary Eurogroup
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Newsletter 102 - 13/01/2017
billion in November, which indicates the third-highest reading during 2016. Imports improved... Tourism Confederation (INSETE). Specifically, the preliminary estimates for airline seat planning point... Commission and OECD estimates point to a higher increase of 1.1 percent. Tobacco, housing and hotels, cafes
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Eurogroup marks end of cycle and squaring of circle for Greece
Agoracommitted close to 231 billion in loans to Greece: 52.9 billion in bilateral loans during the first... estimates that without any prepayments of the official sector loans a cash buffer of 17 billion would cover..., the French proposed an automatic mechanism. Depending on growth outcomes versus estimates
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