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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomywas confirmed at 3.72 billion for the month of July, higher than the figure of 3.85 billion in June and roughly 3.3 percent lower than the figure for the same period last year. The aggregate figure... million. The corresponding expenditure stood at 277 million, under target by 78 million and leading
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Newsletter 96 - 18/11/2016
for Greece and a relaxation of austerity would have any greater impact than boosting morale in the Greek... on the debt issue beyond what was set out in the May Eurogroup statement. Moreover... on Thursday. Athens, though, did not give up its hope that it may be able to push for something more than
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Newsletter 381 - 19/05/2023
of flat contributions. Commenting on the statement, Minister of State Akis Skertsos said it proved... in the last 1.5 years thanks to inflation has set it on a downward trajectory. In the latest Stability Programme submitted to Brussels just a few weeks ago, the debt-to-GDP ratio drops from more than
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UK and EU travel restrictions raise concerns for tourism season
PoliticsGreek Politicscasino, a marina and residential towers set within a public park, to be turned into a “walled city... euros in revenue. Greece has set a target of attracting 50 percent of 2019 tourism revenues in 2021
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Central gov't cash deficit down to 1.14 bln in March
EconomyMacroeconomyimproves to 932 million. Nevertheless, the latter stands 634 million lower than the 3-month preliminary numbers released by the Ministry of Finance on April 14. More than half of the deviation is related... basis. The remaining difference (277 million) is owed to changes in the state accounts with the BoG
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Market value of HFSF's bank holdings plummets by 11 bln in 2014
EconomyBankingmarket value fell further in the course of 2015. By the end of April, it had dropped by more than one-third to around 7.5 billion, corresponding to a drop by more than 4 billion compared to the end-2014... in 2013) with cumulative collections at just 277 million, while the cumulative impairment amounts
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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomythe respective primary surplus figure (0.2 percent of GDP) is marginally lower than the initial target (0.3 percent of GDP). On the debt front, gg debt is set to slightly ease to 319.4 billion (174.5 percent... in 2014 from -7.0 percent in 2013). Note that nominal GDP is anticipated to remain almost flat yoy
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Greek primary budget surplus doubles to 835 mln in Jan but below target
EconomyBudget (PIB) expenditure and tax refunds which more than offset lower expenditure. Revenues excluding.... As a result, net revenues remained almost flat year on year at 4.39 billion, falling short of target by 274... better than the target. The sharp drop mainly reflects a drop in grants to social security sector
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Eurostat 2012 figures raise questions about Greece's tax policy
Economy, the Greek implicit consumption tax rate remained flat year on year at 16.2 percent remaining 3 pps lower than that of the euroarea. Comparing the whole set of figures (tax revenue as a percentage... than a rise in the tax revenues. The breakdown shows that 41.9 percent of 2012 Greek tax revenues
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgramme, loss of competitiveness and external imbalances. The assessment made by the ESM is based on a set... values for the scores, ESM noted that a score of less than 2 corresponds to high vulnerability, between... to 2 (from 1.5). In addition, it remained broadly flat in private leverage, credit and real estate
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