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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomyby 18.6 percent from last year’s figure of 1.63 billion, the Finance Ministry (MoF) final budget execution... of 1.6 billion in the 6-month period, down by 13.8 percent from last year, while outperformed... proceeds reached 963 million in the first half, from just 55 million a year ago, but fell short
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GDP rises by 0.5 pct in Q2 as signs of recovery emerge
EconomyMacroeconomyin 2016, Greece’s GDP grew by 0.8 percent, following a 0.4 percent year on year growth in the first quarter of the year. Consumption increased by 1.2 percent year on year and exports grew by 9.5 percent... period last year, private consumption rose by 0.7 percent in Q2, at slower pace compared to the 1.2
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Net job hirings of 17,128 in September after brief dip
EconomyMacroeconomymonths. A negative figure of 14,402 was noted in the net hirings balance of August this year. Compared to last September, when a positive hirings balance of 7,788 was recorded, this year’s figure has.... The percentage of full-time employment for the same time last year was 46.7 percent. For the same period
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Budget primary surplus of 4.54 bln in 9-month below target despite underspend
EconomyMacroeconomymonths of 2017, increasing by 19.4 percent against last year’s figure of 3.81 billion euros, the Finance... for the first nine months of the year fell short of the target by 14 million euros. Primary expenditure stood... straight month, and came to 5.73 billion euros, the highest figure for the year so far
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Focus back on remaining prior actions after mission chiefs' visit
EconomyProgrammethere appears to be agreement is this year’s fiscal performance, public sector appointments, widows... for self-employed workers with an income exceeding 40,000 euros and next year’s budget. The latter... there will be a shortfall next year, although opinions differ on how large the gap will be. Naftemporiki newspaper
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Greece drops six places in global ease of doing business report
EconomyFeaturesout of 190 countries surveyed. Last year’s report had put the country at 61. The latest figures represent the third year in a row where Greece has fallen in the ranking. Recent reforms implemented..., according to the report. This year’s score put the country lower than neighbouring Albania at 65, Turkey
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingeuros from the sale of Astis Pallas in the fourth quarter of the year. Operating expenses edged up by 2.6 percent QoQ to 238 million. For the aggregate period, the figure declined by 8.6 percent year-on-year in Greece and by 8 percent for the group. Cost containment largely reflects the continuing
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OECD sees growth picking up, warns about society and financial sector
EconomyMacroeconomyGreece’s return to solid growth next year, although it issued a conservative forecast for economic activity this year. In its economic outlook, the Paris-based think-tank sees Greece growing by 2.3... forecast in the final 2018 budget sees growth 1.6 percent this year and 2.5 percent next year, in line
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingwith the auction of around 350 properties, which is 70 percent more than across the full year of 2016. P&L NII... percent (870 million) in the aggregate period. This was due mostly to a year-on-year decline... percent and employees by 7 percent year-on-year. Impairment losses rose by 20 percent QoQ to 312
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Unemployment rate continues decline to 20.5 pct in September
EconomyMacroeconomyat 3.8 million. This figure is 105,773 higher than the number for the same time last year. The number... lower than one year ago and represents the second consecutive month since October 2011 where.... The unemployment rate among women fell by 2.3 percentage points (pp) from last year to 25.3 percent in September
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