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Seasonal rise in Dec pushes deposits above 200 bln mark for first time since 2011
EconomyMacroeconomyThe private sector deposits in the Greek banking system ended the year strongly in December with a net increase of 5.65 billion euros, after a 2.27-billion-euro rise in November, according to the latest Bank of Greece (BoG) figures released on Wednesday...
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Despite small drop in July, deposits stay above 200 bln mark
EconomyMacroeconomyThe Greek banking system’s private sector deposits dropped in July, with a net decrease of 1.15 billion euros, after a jump of 5.1 billion euros in June, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in Jul...
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Revenues spring surprise by beating Sep target, providing 1.4 bln cushion for Q4
EconomyMacroeconomythat the preliminary budget execution bulletin with the official revenue and expenditure figures is due... 200 euros each for a total amount of 236.5 million. The breakdown also showed that another 3.07 million were due to pay between 200 and 1,000 euros each for a cumulative amount of 1.38 billion (50.9
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomyof the year. This is its base case scenario, which is also reflected in the draft budget for next... Budget Office, see the disappointing tourism season being a major drag that could push third quarter GDP... 200 pct in 2021 as well. It will resume its prior downward path towards 165.9 pct of GDP in 2025
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Government accused of complacency on food supply and price hikes
PoliticsGreek PoliticsBudget Office put average inflation for 2022 at 7.4 pct in its base scenario, which included a 25 pct... measures to support farmers. Around 200 million euros have already been earmarked in support... up by as much as 200 pct from its own funds. However, government sources have already briefed
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammeby the Finance Ministry sees GDP growth halved to 1.4 percent from the 2.9 percent growth seen in the budget... to the 22.6 percent in the budget, falling to 21.1 percent in 2016. 2015 is expected to be another deflationary year, with harmonised consumer price index at -0.5 percent (compared to 0.3 percent in 2015 budget
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Cash primary surplus improves by 32.4 pct to 3.07 bln on revenue boost in August
EconomyMacroeconomy. This largely stems from higher budget revenues (by 1.26 million) and expenditure (by 200 million) and change... items included in the Finance Ministry (MoF) budget execution bulletin are reported on a modified cash... that BoG and MoF figures are not directly comparable. That said, the budget primary surplus of 3.8
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Newsletter 145
legislation through Parliament. This week it was the 2018 budget and numerous amendments, while... to complete as part of the third review. The budget received 153 votes on Tuesday night. This tallies... budget of Greece’s bailout era and focussed mostly on what he promised will be better days ahead. New
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Newsletter 221 -27/09/2019
that this could bring in 200 million of annual revenue from the commission that banks will pay for the state guarantees. At the same time, the inclusion of the SMP and ANFA profits into the budget seems.... Discussions on these topics will continue remotely as the draft budget that will be submitted
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Newsletter 290 - 26/03/2021
of threats and recriminations after a call for 200 volunteers yielded fewer than 70. Some private... just 2.7% growth this year Budget Office also draws attention to the issue of private debt currently in arrears Parliament’s Budget Office (PBO) published its report for the fourth quarter of 2020
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