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C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight
EconomyMacroeconomyon year (yoy) drop mainly reflects an improvement in the current transfers balance by 298 million.... The recorded C/A balance improvement during the eleven-month period of this year mainly stems from: a) drop... surplus by 175 percent to 3.87 billion euros, mainly owed to higher general government net transfer
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C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
EconomyMacroeconomy, mainly reflecting SMP income of 534 million and an increase in the services surplus by 169 million, which..., mainly owed to higher general government net transfer receipts from the EU, also including the SMP... by non-residents of 14.9 percent to 11.99 billion, mainly stemming from a 15.5-percent rise in non
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General gov't cash surplus widened to 2 bln in January
EconomyMacroeconomymainly due to repayments the stock of arrears resumed an upward trend in January. Total state.... In contrast, tax refunds’ arrears dropped by 66 million in January, mainly reflecting increased payments... billion in 2013 mainly reflecting payments of previous year’s arrears of 6 billion. Our understanding
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomyto the Bank of Greece (BoG). The moderate rise by 25 million euros year on year (YoY) mainly... in the surpluses of the services and current transfers’ accounts. The increased trade deficit mainly stems... in the 2-month period. The positive flow mainly concerns an inflow of 146 million related to Fairfax
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Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend
Economyin the first quarter of 2014 outperformed its target by 641 million mainly due to the exceptionally strong... categories, corporate income tax fell short of the target by 87.5 percent mainly due to an extension... expenses are mainly owed to a cut in grants to the social security sector by 27 percent or 1
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomyexpenditure by 113 million in 2014-18 mainly reflecting the application of zero deficits in social... thereafter will mainly stem from real estate including the proceeds from the Public Power Corporation... proceeds for 2015 mainly involve revenues from the sale of Hellinikon, Athens International Airport
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CPI down 1.3 pct in April as Greece remains in deflation for 14th month
EconomyMacroeconomyfor the fourteenth straight month. On a monthly basis, the CPI slightly rose by 0.5 percent, mainly... percent in April mainly reflects drops in prices of miscellaneous goods and services (-5.1 percent... remains broadly unchanged over the past eight months and mainly reflects the reduction
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Greece's C/A deficit for March drops sharply to 44.4 mln
EconomyMacroeconomy, according to the Bank of Greece (BoG). The sharp drop mainly reflects a substantial rise... services. The travel surplus to March widened by 30 million to 73.1 million mainly arising from a 16.... On the flipside, March inflow is mainly attributed to a decline in residents’ holdings of foreign bonds
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Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
Economyto date outperformance mainly reflects lower primary expenditure (809 million) and higher Public... million short of target. The former mainly reflects lower VAT on fuel by 382 million and the latter... figure up 179 percent to 906 million, 431 million above target. This year’s growth mainly reflects
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingloan NII mainly due to deleveraging offset by lower deposit expense and funding cost. Deposit... YoY to 62.3 billion, mainly reflecting ongoing deleveraging particularly in the Greek medium... by 650 million euros within Q1, mainly reflecting 1 billion outflows of sight and savings and 400
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