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Final Nov budget data reaffirms solid finances as underspend boosts primary surplus
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 12 billion euros in November, compared to a surplus of 5.83 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday....
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Final budget data for 2024 affirms solid surplus due to strong revenues, 2.75 bln underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.7 billion euros in December, and for the full-year 2024, compared to a surplus of 3.92 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execu...
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Solid taxes and significant underspend push primary surplus 3.88 bln above target in Q1
EconomyMacroeconomyThe budget primary balance ran a surplus of 4.49 billion euros in Q1, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday. The primary balance came in at 3.88 billion euros above the target. Expenditure, ...
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Solid taxes and restrained spending push primary surplus to 5.15 bln by Apr
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.15 billion euros by April, compared to a surplus of 3.28 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. ...
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Solid April for travel receipts, improving balance by 3.5 pct YoY in 4M
EconomyMacroeconomyGreece's travel balance recorded a surplus of 778.6 million euros in April, compared to 220.9 million euros in March, according to data released by the Bank of Greece (BoG) on Monday. The April balance was 16.9 percent higher than the 66 million euros r...
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Credit expansion still solid in Nov as it rises by 7.2 pct YoY
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong though it slightly moderated in November, rising by 7.2 percent year-on-year (YoY), from 7.8 percent the previous month, Bank of Greece (BoG) figures released on Friday showed. The net len...
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Another solid year for property market as growth reaches 7.8 pct in 2025
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece slightly decelerated in the fourth quarter of 2025, increasing by 7.6 percent year-on-year (YoY) from 8.3 percent in Q3 2025, Bank of Greece (BoG) data released on Thursday showed. There has been a...
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IMF sees war having moderate impact on economy, while fiscal outlook remains solid
EconomyMacroeconomyThe IMF published this week its latest macroeconomic and fiscal forecasts in the context of the spring meetings with the World Bank, capturing the effects of the Iran conflict and its impact on the global outlook. For Greece, the Fund sees a stable grow...
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Newfound variety helps Greek winemakers enjoy exports boost
Society. “The Greek wine industry, which has set up the New Wines of Greece website has done a very solid job
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyand to -0.3 percent in 2016, indicating deflation for four straight years. The current account is set... stressed that reducing debt to prudent levels will require years of solid growth and a strong fiscal
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