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Budget primary surplus reaches 1.78 bln in July, almost double target
EconomyMacroeconomyto a surplus of 926 million in the same period last year, preliminary budget execution data from... in the year to date by 2.78 billion euros against a target of a deficit of 803 million. Primary expenditure... in the same period last year. Revenues On an aggregate basis, gross revenues came to 31.12 billion
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Newsletter 221 -27/09/2019
for next year, with the institutions at the moment seeing a fiscal gap of 1 billion euros, or 0.5 percent... to the fiscal debate is the growth projection for next year, that the Greek The country’s lenders... with the European Commission’s current estimate of 2.2 percent growth, and 2.1 percent for this year
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Athens prepares to send draft budget to Brussels, lines up next tax measures
PoliticsGreek Politicsthe last few weeks with the European institutions so next year’s draft economic plan can be submitted... to a small fiscal gap next year or whether the latest round of talks will lead to this shortfall being.... The government, though, is letting voters know that there may be more to come at the end of the year
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBanking. On an aggregate basis, net profits from continued operations in the first nine months (9M) of the year... in 9M, a rise of 32 percent year-on-year (YoY). Asset quality Domestic non-performing exposure (NPE... formation before write-offs remains negative by 300 million in Q3 and by 900 million in the year
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Newsletter 231 -06/12/2019
to take place early next year, the local media has been full of rumours about Mitsotakis considering... next year is that he does not have the necessary qualified majority of 200 votes in Parliament... of 2.3 pct year-on-year as Q2 growth is revised to 2.8 pct The Greek authorities left Wednesday's
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Primary cash surplus at 132 mln in January
EconomyMacroeconomyyear, excluding the financing of the cash buffer, showed a surplus of 785 million euros. The overall... noted in January 2019. The breakdown revealed that revenues fell by 5.3 percent year-on-year and came to 3.72 billion in January, compared to 3.93 billion a year ago. Expenditure rose by 5.1 percent
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Economic sentiment at 113.2 in Feb, strong improvement in services and retail
EconomyMacroeconomycompared to 112.5 in January. Compared to February last year, the EEI has improved by 3.6 points... points month-on-month to stand at 4.5 points. Year-on-year, industry confidence has risen by 5.7 points. The services index increased by 8.4 points month-on-month to 33.6 points. Year-on-year
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Economic sentiment at 109.4 in March
EconomyMacroeconomy(EEI) for Greece came to 115.8 points compared to 111.7 points in February. Compared to last year... components. Industry confidence fell by 1.4 points month-on-month to stand at 3.1 points. Year-on-year, industry confidence has risen by 5.3 points. The services index decreased by 7 points month
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Newsletter 246 -03/04/2020
struggling businesses and workers amid the Covid-19 crisis as this year’s budget comes under further strain... of the coronavirus on the property market in Greece while outlining the positive year enjoyed by the sector in 2019. In the governor's annual report, BoG analysts said that 2019 was a strong year for the Greek real
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Covid-19 impact on tourism sector set to be extensive, report suggests
EconomyFeatures, a recovery was witnessed rapidly, usually beginning in the year immediately after the crisis. In its 2019..., INSETE estimates that the loss of tourism revenue this year will be extensive, since the second quarter of the year is on course to be lost. According to border research data quoted, Q2 captured 26
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