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BoG sees sustained growth, argues challenges require wide-ranging policy interventions
EconomyMacroeconomyagain exceed expectations. The BoG also outlines various challenges that the Greek faces, ranging...-ranging policy response to improve Greece's economic performance and social cohesion. The BoG makes
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S&P awards investment grade, bringing arduous cycle for economy to a close
EconomyS&P became on Friday the first of the three leading rating agencies that restored Greece to investment grade, bringing to a close an arduous period for the country that started at the end of 2009..., bringing it in line with the other two main rating agencies. S&P notes that Greece’s public finances
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Who lied about Covid-19 in Serbia, and how?
Agoraprefers temperature ranging from 3 to 6.7 degrees", while "the virus does not like temperatures below 0..., were completely incorrect. Throat rinsing using various potions; leaving shoes in front
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Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
EconomyFitch got the schedule of rating reviews in the new year underway with an upgrade of Greece’s outlook to positive from stable, while it reaffirmed the rating at ‘BB’. Fitch was the first agency to upgrade Greece’s rating to ‘BB’ back in January 2020, ju...
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PBO sees 2024 growth of 2.5 pct hinging on RRF and investments
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) published on Monday its latest quarterly report in which it is broadly positive about the prospects of the Greek economy in 2024, though it does flag up concerns about the effects of persistent inflation, the implic...
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Greece gears up for second review, faces wide-ranging reform to-do list
EconomyProgrammeThe government is expected to start negotiations with the institutions on the second programme review early this week. The start of the talks come in the wake of Greece implementation of the 15 prior actions needed to complete the first review, which wa...
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Merkel reluctant to discuss targets as Athens prepares bill with wide-ranging tax cuts
PoliticsGreek PoliticsThe new Greek government is planning to move ahead with the tax cuts promised by New Democracy during the election campaign and is aiming to table a bill before the end of July that will set out the reductions over the next three years. Athens does not ...
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Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
EconomyMacroeconomyAfter a temporary slowdown in May, Greece's travel receipts rebounded strongly in June, shooting up by 16.3 percent from 0.8 percent in May, according to the Bank of Greece (BoG). In absolute figures, travel receipts in June reached 1.99 billion euros f...
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammeGreece has launched the formal process to pre-pay part of the loans it has received from the International Monetary Fund after Finance Minister Christos Staikouras officially requested clearance from the European Stability Mechanism in a letter on Monda...
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Credit to corporations contracts in July, bringing total loans down 1.27 bln MoM
EconomyMacroeconomyThe credit expansion in the Greek private sector remained solid in July, rising by 10.5 percent year-on-year (YoY), unchanged from the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was negative by 1.26 bi...
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