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  1. Retail and catering continued to dominate business activity, employment in 2022
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    economy over the last decades. A total of 294,892 companies were registered in Greece, up from... with 11-50 staff. Some 16 pct of total employment comes from 213,982 companies that employ 384,245 workers. It is just 780 companies that employ more than 250 staff, with total workers in this category

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  2. What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
    Photo by MacroPolis

    Economy

    of total ELA-eligible collaterals, at 45 and 30 percent of total respectively. Taking into account the breakdown of total collateral by type, the collateral poll is almost equally split between state..., the total figure stands at 115 billion. Assuming an average haircut of 40 percent, the nominal

    4%
  3. Greek banks complete book building: A recap of where we stand

    Economy

    participation has been completed. Alpha and Eurobank covered their total capital needs without any state aid... support to Greek core banks will reach 5.43 billion euros in total for the two banks. In addition... round of Greek bank recapitalisation for each bank Alpha The bank’s total capital needs (under

    4%
  4. Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors

    EconomyMacroeconomy

    the total overdue stock of 30.53 billion, over two thirds (22.51 billion) related to main SSC debt... of the total unpaid contributions between Q4 2016 and Q1 2017 contributed to this increase. The breakdown... of 3.34 billion euros (10.9 percent of the total). Overall, 827,369 debtors fall into this category

    4%
  5. General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    was in extrabudgetary funds, where a YoY fall of 241 million was observed. The total figure for this category... percent of the total. Arrears Arrears to the private sector (including tax refund arrears) fell by 390...) and extrabudgetary funds (-7 million). Since the start of the year, total arrears have fallen

    4%
  6. General govt primary cash surplus at 2.82 bln in July, arrears unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    in hospitals. No change was noted in state budget arrears. Since the start of the year, total arrears have... in July. This was followed by tax refunds at 29 percent of the total. Debt Central government gross.../IMF loans fell by 488 million to 238.59 billion, representing 69.6 percent of the total debt. T-Bills

    4%
  7. General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    went down by 6 million. Since the start of the year, total arrears have fallen by 298 million... SSFs which made up 28.9 percent of the total. Debt Central government gross debt rose by 13.89... loans increased 15.03 billion, representing 71.1 percent of the total debt. T-Bills declined by 411

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  8. Newsletter 178 -12/10/2018

    Newsletters

    years, after a total surplus of 0.7 percent in 2016 and 1.1 percent in 2017. It also underlines..., Greece turned around a total deficit worth 15.1 percent of GDP in 2009. In the previous FM issued in April the IMF anticipated a total deficit of -0.1 percent of GDP. The methodology used is in line

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  9. General govt primary cash surplus at 1.98 bln in March, arrears rise by 62 mln

    EconomyMacroeconomy

    ) and local governments (+30 million). Since the start of the year, total arrears have risen by 177 million... million euros) and state budget (+32 million euros). ​At 28.2 percent of the total, SSF arrears made up... of the total debt. In the other underlying subcategories, T-Bills edged down by 6 million to 15.27

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  10. Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
    Photo by MacroPolis

    EconomyMacroeconomy

    to the monthly Bank of Greece's (BoG) financial statement. The total for central bank funding comes... (ECB) funding, bringing the total to 8.61 billion euros, while Emergency Liquidity Assistance (ELA... their balance sheets. Compared to June 2018, Eurosystem funding declined by a total of 7.70 billion euros

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