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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomyGreece’s budget primary surplus in the first quarter of 2016 was confirmed at 2.67 billion euros, which was 940 million higher than last year’s figure of 1.73 billion, according to the Finance Ministry’s final budget bulletin. The year on year (YoY) imp...
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Lower foreign arrivals lead to 7 pct drop in April travel receipts
EconomyMacroeconomyGreece's travel receipts fell by 7 percent in April after a short-lived rise by 8.2 percent in March, Bank of Greece (BoG) figures displayed on Wednesday. In absolute terms, travel receipts stood at 443.3 million in April, while the corresponding paymen...
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Greek stocks rebound 2.6 pct during week as banks lead way
EconomyThe Greek stock market rebounded by 2.6 percent this week, its first such rise for the last three weeks. Banks notably outperformed for the first time since early September. The share purchase agreement for Hellenikon (former Athens airport) was ratifie...
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Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
EconomyMacroeconomyThe employment balance remained positive in March 2017, with net hirings climbing to 38,517 from 29,351 a year ago, data from the Labour Ministry’s Ergani information system showed on Wednesday. This year’s figure is the highest positive reading for Mar...
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Tsipras tries to take lead in fire response amid picture of confusion
PoliticsGreek PoliticsAs the investigation into the Mati fire proceeds and more reports of the apparent mishandling of the crisis by authorities emerge, the government is hoping that its focus on tackling the aftermath of the disaster will spare it having to take on the full...
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Tax cuts set to lead package of post-MoU pledges by Tsipras
PoliticsGreek PoliticsAlexis Tsipras is preparing to play one of his final political cards ahead of the next elections by presenting a package of tax cuts and spending increases at the Thessaloniki Expo (DETH) this Saturday. The prime minister met with business representativ...
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PM hopes solo run can lead to settlement of football dispute
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has taken it upon himself to try to resolve the storm created by a dispute involving the country’s top football teams and their owners, which is threatening unpredictable political consequences. During Thursday’s cabin...
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EU main destination for exports in 2019, fuel and pharmaceuticals lead way
EconomyFeaturesGreece enjoyed a record year for exports in absolute terms according to research released by the Panhellenic Exporters Association (PSA), which combined data from the Hellenic Statistical Agency (ELSTAT). According to the data, exports to the European U...
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A sudden turnaround that could lead to sharp shock
AgoraDuring the same week in January that Wuhan went into complete lockdown, Fitch upgraded Greece’s credit rating to just two notches away from investment grade. The following week, Greece issued its first 15-year bond, attracting strong interest and a very...
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PM set to unveil support package, as ND cements poll lead
PoliticsGreek PoliticsKyriakos Mitsotakis is set to launch the government’s updated pandemic support package in a TV address this afternoon detailing measures for employment and the economy into the autumn, as well as an action plan on tourism. The latest poll figures show h...
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