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Greek primary budget surplus doubles to 835 mln in Jan but below target
Economy, mainly due to lower consumption taxes (down 8.3 percent), counterbalancing a modest increase in VAT... better than the target. The sharp drop mainly reflects a drop in grants to social security sector
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Greek deposits fell by 1.4 pct in January amid outflows of 2.3 bln
EconomyMacroeconomyflow in January mainly reflects payments of increased tax obligations of both households... of the preceding four years. The monthly flow is mainly attributed to sight outflows of 2.2 billion
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Drop in CPI eased in Feb but Greece still firmly in deflation territory
EconomyMacroeconomy, the CPI eased 1.3 percent mainly on the back of an 18.8 percent drop in clothing and footwear prices... where prices eased by around 3 percent. The latter mainly reflects the reduction of the respective VAT
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EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target
Economyby 680 million mainly reflecting the exceptional 1.56 billion of Public Investment Budget (PIB... noted that the year to date revenue shortfall stems mainly from temporary disruptions caused
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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomybillion mainly reflecting negative flow from sight and savings at 1.94 and 1.58 billion respectively... over the past 20 months, mainly reflecting the continued erosion of household disposable income
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Eurobank records net loss of 207.4 mln in Q1
EconomyBankingfront, operating income posted a 4.7 percent drop QoQ to 461 million, mainly driven by a 4.9... by 25 basis points (bps) in Q4, net interest margin fell by 5 bps in Q1 to 1.93 percent, mainly due
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Piraeus Bank reports loss of 247 mln for Q1
EconomyBankingPiraeus Bank concluded the first quarter (Q1) reporting season for Greek banks by posting a net loss of 247 million from 700 million in Q4. Lower loss on a quarterly basis mainly reflects a 39.... Lower revenues mainly resulted from trading losses at 15 million in Q1 from trading gains of 45
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Greek economy contracts 0.9 pct in Q1, slowest pace since Q1 2010
EconomyMacroeconomy, the highest since Q1 2008, mainly reflects strong tourism with the turnover in accommodation and food services... is the strongest, mainly due to tourism contribution. For the official target of 0.6 percent growth
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BoG sees encouraging signs for Greek economy but warns on reforms
Economymainly led by optimistic outlook on tourism and shipping receipts. The recent positive momentum... for the creation of a mechanism for resolving NPLs has been completed and mainly includes: the establishment
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Alpha Bank acquires Citigroup's retail banking unit in Greece
EconomyBanking) net loans, mainly credit card balances of 0.4 billion c) network of 20 branches with 730 employees... the Citibank brand name for 50 years and is the largest foreign bank in Greece. It mainly operates
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