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China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agorato move Chinese goods, services and personnel. The realisation of Chinese-financed transport...This is the second of three articles in which the author will analyze China’s investment, lending and infrastructure initiatives in Southeast Europe for Macropolis. The first contribution focused
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturesnot being serviced, peaking at 107 billion euros. In September 2016, almost half the loans... (56 pct of the total). With 28 pct of the volume of loans on their books not being serviced, however... as purchasers of NPL portfolios. One of the largest players in the Greek servicer market, Intrum Hellas
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GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
EconomyMacroeconomyby a drop of 10.4 percent QoQ in exports of goods and services. Imports of goods and services rose by 9.6... the same period last year largely stemmed from a 44.9 percent decline in exports of goods and services. Imports of goods and services rose by 6.4 percent YoY. Gross fixed capital formation fell by 0.3
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Greek households continue to slash spending on goods and services
Societyspent an average of 1,419.57 euros on goods and services in 2015, 2.8 percent less in the previous...), miscellaneous goods and services (9.0 percent), health (7.5 percent – one of the highest rates in Europe...%), education (-8.1%) and miscellaneous goods and services (-5.3%). Only in health did the average monthly
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Slight deterioration in services sector turnover in Q3
EconomyMacroeconomyThe majority of the turnover indices for the services sector fell in the third quarter (Q3) of 2015... on Tuesday. Eight out of the 14 services activities recorded a drop in Q3, implying a slight deterioration from the Q2 performance when 7 out of the 14 services activities posted a year on year (YoY
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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomyan increase in the services’ surplus by 197 million. The widening of the trade deficit is attributed... the respective decline in exports. The significant rise in the services surplus by 31.9 percent to 814 million is mainly due to an improvement of the transport services balance on lower transportation
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomy). The significant improvement mainly stems from an increase in the services’ surplus by 395 million euros, followed..., the services’ surplus surged 18.6 percent to 2.51 billion euros. This is mainly attributed to a marked improvement in the travel and transport services balances. The travel services’ surplus in particular
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Turnover in services sector shows improvements in Q4 2017
EconomyMacroeconomyTurnover indices for the services sector recorded improvements in the fourth quarter (Q4) of 2017... rate of growth was noted in telecommunications (+5.3 percent). Five of the 15 services posted a drop... percent) and services to buildings and landscape activities (-6.7 percent). It is noted, though
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Current account surplus reaches 1.68 bln in July thanks to services
EconomyMacroeconomyis due to the rise in the services surplus by 472 million and a narrowing of the income deficit by 139... payments for ships’ purchases. In contrast, the widening of the services’ surplus by 16.4 percent.... The travel services’ surplus in particular hiked 15.1 percent to 2.55 billion euros, mainly stemming
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December current account deficit at 1.24 bln on falling services balance
EconomyMacroeconomyin all main components, except for the balance of goods. The services balance fell to 449.5 million from... prices, respectively. As mentioned, the services balance recorded a fall of 16.3 percent... payments, leading to a services balance of 10.7 million, which is 34.5 million euros lower than
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