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  1. C/A deficit to April narrows by 34.7 pct boosted by services

    EconomyMacroeconomy

    million is mainly due to an improvement of the transport services balance on lower transportation... percent largely reflects an improvement in the services balance, mainly led by its optimistic outlook

    1%
  2. Chinese investments in Greece to be boosted by new agreements

    Economy

    and mainly involve financing from Chinese financial institutions (mostly from the China Development Bank) for the building of Greek ships in Chinese shipyards. The remainder is mainly related to investments

    1%
  3. Greece sees travel receipts shoot up by 35.8 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    . The strong improvement in travel receipts mainly reflects an increase in international tourist... the corresponding period of 2013. The upward revision mainly reflected the updated figures

    1%
  4. Greek primary budget surplus at 707 mln as revenues beat target in May

    Economy

    billion). The upward revision mainly stemmed from higher revenue targets (by 1 billion) counterbalancing.... The decrease in primary expenditure mainly reflects lower grants to the social security sector

    1%
  5. General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop

    EconomyMacroeconomy

    euros, meaning that the gg deficit has widened by around 1 billion in May, mainly reflecting state.... The recorded drop mainly reflects a reduction in the guarantees related to the Emergency Liquidity

    1%
  6. Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP

    Economy

    mainly stem from IKA, Greece’s largest social security fund covering 5.53 million workers, and OAEE.... The potential solution mainly involves an out-of-court mechanism where all creditors will decide

    1%
  7. Parliament's budget office sees Greek recovery finely poised

    EconomyMacroeconomy

    in the upcoming ECB stress tests, according to the PBO, mainly because it could use different assumptions..., this is mainly attributed to an improvement in the services’ balances, on higher than expected tourism

    1%
  8. Greek retail sales dive 8.5 pct in May after brief rise in April
    Photo by MacroPolis

    EconomyMacroeconomy

    is mainly attributed to the Easter period, which has a seasonal positive impact. In 2014, Easter... optimistic outlook is mainly driven by the lifting of uncertainty following the completion of local

    1%
  9. State budget primary surplus widens to 2.28 bln at end of July after rise in revenues

    EconomyMacroeconomy

    mainly reflects increased revenues of 6.05 billion euros compared to 3.63 billion in June... 85.7 percent mainly due to the exceptional revenues of 2.2 billion posted in the corresponding month

    1%
  10. Small but rare rise of 0.4 pct for Greek retail turnover in June
    Photo by MacroPolis

    EconomyMacroeconomy

    percent posted in April 2014. The slight growth in July turnover mainly reflects a double-digit rise... rose 6.4 percent month on month (MoM), mainly reflecting a rebound in all categories by 2.3 to 10.7

    1%