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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomythan double compared to last year’s 707 million, according to the Finance Ministry (MoF) final... and are almost identical to the final data. The year to date primary surplus shows an outperformance... 30 percent down year on year, and 2.08 billion better than target. Revenues (before tax refunds
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Newsletter 35 - 17/07/2015
of Greece’s request for a three-year loan from the European Stability Mechanism (ESM), the European... element is interest payments, which are estimated at 17.8 billion over the next three-year period... should allow the rebuilding of deposits to 5 billion by the end of the year and to remain
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Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomyfor the second time this year with net additions of 430 million in June from deductions of 253 million... million in the first half of the year with four positive monthly readings so far this year. However... with the outstanding balance at 13.61 billion implying a contraction by 1.5 percent from last year. The net flow
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyis the highest monthly reading so far this year, is largely attributed to a rebound in revenues above the 5-billion mark for the first time in the course of 2015. Nevertheless, the year to date... percent in July from 18.4 percent in June. It is noteworthy that last year the first instalment of PIT
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Portuguese election: Where those who lost may decide
Agoralast year and made a “clean exit” from the bailout may help to explain it. Moreover, economic activity..., and the prospect of 1.5 percent growth this year); the country also reached a positive external balance... sharply, from 16.2 percent in 2013 to 13.9 in 2014 (and this year the monthly unemployment rate
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyprimary balance reading so far this year. The negative result primarily reflects a marked rise..., the year to date outperformance of 535 million euros until August turned to an underperformance... million). Note, though, that compared to last year’s figure of 2.53 billion, the 9-month primary
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Newsletter 48 - 23/10/2015
preference shares in the recapitalisation process. After the repayment by Alpha and Piraeus last year... January and August this year had made the party wiser or more experienced suffered a serious setback... in Greece tend to range between 4,000 and 8,000 euros per year, which means that parents’ VAT bill
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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economy, up by 21.7 percent from the corresponding period last year, according to the Finance Ministry (MoF... should exceed the 8.3-billion mark for the full year target to be met. Although the last month of each year includes seasonal revenues such as road tax fees targeted at 1.1 billion, the annual revenue
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Newsletter 62 - 12/02/2016
for a three-year transition period. Although farmers have been split over the protest in Athens... in anymore, as well as just over a year under a SYRIZA government that promised a different... for Greece saving 1.8 billion euros (equivalent to 1 percent of GDP) this year in order to meet its
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Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct
EconomyMacroeconomyof 0.1 percent before. Provisional data also showed that GDP decreased 0.8 percent year on year (YoY... percent recorded on Q3. The aggregate figures for the whole year display real GDP contracted by 0.3... YoY. For the whole year, household consumption improved by 0.3 percent. Private consumption
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