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New overdue taxes rise by 235 mln in May, total debt at 104.5 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 235 million euros in May, data from... obligations from tax categories showed a rise of 193 million month-on-month in May, bringing the total... percent in May from 75.8 percent in April, while the amount of VAT due came to 1.84 billion
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Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
EconomyMacroeconomyof 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday. The budget for May has been widely considered... balance for May came to a deficit of 3.33 billion euros compared to a monthly deficit of 2.01
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Despite improvement in services, goods tip current account to deep deficit of 2 bln in May
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 2 billion euros in May, from 1.62 billion euros in April, Bank of Greece (BoG) data showed on Thursday. In May 2021, the balance showed a deficit of 1.36 billion euros, while in May 2020 the current account posted a deficit of 911 million euros
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Current account deficit narrows further in May, down by over 3 bln in first five months
EconomyMacroeconomyGreece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a deficit of 1.39 billion euros. The deficit
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What can Greece expect at the next Eurogroup?
Agorathem on May 22. At last month’s meeting of eurozone finance ministers, the reluctance... that there were just 15-20 outstanding last week. Safe assumptions Firstly, there are certain elements.... On May 22, it appears that Finance Minister Wolfgang Schaeuble made what he thought was a concession
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Greece hopes beaches won't be empty again this summer, but vaccination numbers say otherwise
Agorato date. The slow pace of delivery resulting from the EU-led approach may, however, delay... begun to hint that it may switch to a more targeted roll-out of the vaccines in a bid to stimulate... small islands may have played a role in the purchasing decision. There has so far been no discussion
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Data protection ruling adds to pressure on New Democracy from ranks
PoliticsGreek Politicsof State. In May, the Interior Ministry received a fine of 400,000 euros and Asimakopoulou herself... relevant, suggesting that he may be biding his time and eyeing a comeback as a unifying figure after...-Michelle Asimakopoulou to obtain the contact details of overseas voters from the Interior Ministry
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomyGreece's May current account (C/A) balance showed a deficit of 246.2 million from a surplus of 69.6... and ships, the trade balance in May did not show any meaningful change, while exports grew faster than... percent). Despite the weak performance posted in May, the 5-month C/A deficit shrank by 25 percent
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Economic sentiment, consumer confidence down for third straight month in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued heading south for the third successive month in May, when it fell by 1.3 points to 91.4 in May from 92.7 in April, according to the European Commission. The May figure is the lowest reading since December 2013. Since the beginning of 2015, ESI has dropped
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 399 million euros month-on-month (MoM) in May, the monthly... the year so far. The movements in May largely reflect a fall of 397 million euros in European Central Bank... funding in May came to 8.07 billion euros as mentioned, along with ELA funding totalling just 1
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