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Current account surplus narrows to 1.82 bln in August
EconomyMacroeconomyaccount Regarding direct investment, residents’ external assets rose by 99 million in August, while non-residents’ direct investment in Greece increased by 480 million. The latter largely reflects.... In the first eight months of the year, residents’ net assets from direct investment abroad declined by 923
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Current account balance turns to deficit of 198 mln in Oct
EconomyMacroeconomydirect investment declined by 80 million in October mainly due to the transfer of National Bank... (i.e. non-residents’ direct investment in Greece) rose by 536 million euros mostly reflecting...’ assets from direct investment abroad fell by 889 million, while the corresponding liabilities
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No fear of the bear? Bilateral economic relations between Germany and Russia
Agora), food and agricultural produce. By contrast, the bilateral foreign direct investment landscape shows no signs of decline. Per the Russian Direct Investment Fund, a sovereign-wealth fund set up to assist... half of the year. Direct investment rose to 2.05 billion euros in the first nine months of 2016
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesin a wide sample of countries, the BoG recently concluded that the direct impact from the announcement... banks Lower GGB yields will have a direct positive impact on banks’ capital due to the revaluation... inclusion of GGBs in the QE programme, is expected to have a number of direct and indirect positive
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomyshort of the target, while direct taxes slightly beat the target by 22 million. The aggregate figures.... The year-to-date outperformance is due to higher than targeted direct taxes to the tune of 319 million, which offset lower indirect taxes by 247 million. Direct tax arrears and property taxes beat
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Current account deficit eases by 410.6 mln in April
EconomyMacroeconomyto 387.2 million. Financial account Residents’ external assets and liabilities under direct... transactions were recorded under direct investment. The portfolio investment showed a net decrease... period, residents’ external assets under direct investment increased by 908 million, while
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Current account deficit rises by 124.3 mln in May
EconomyMacroeconomyResidents’ external assets and liabilities under direct investment rose by 89 million and 251 million, respectively, during May. The BoG noted that no remarkable transactions were recorded under direct... under direct investment increased by 997 million, while corresponding liabilities grew by 1.6
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomybillion euros in June reflecting a similar decline in both direct and indirect taxes by 9.7 and 9.4... attributed to a better than expected performance of direct taxes. In the 6-month period, gross revenues... expected indirect taxes (by 323 million), while direct taxes beat target by 127 million
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Budget primary surplus at 3.02 bln in July, above target by 926 mln on strong underspend
EconomyMacroeconomypercent and a drop in direct taxes by 3.3 percent. Overall tax revenues were below the monthly target...), other direct taxes (-8.2 percent) and personal income tax (-7.1 percent). In the seven-month period... mainly from higher than expected indirect taxes which outperformed the target by 230 million. Direct
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Draft budget highlights taxpayer fatigue, creates policy mix doubts
EconomyMacroeconomyfor this underperformance is from direct taxation and specifically that of individuals, which is seen totalling 20.37... this in, direct taxation will fall 945 million short of its target. The alarming signals on the revenue side... measures with little effect. Direct taxes estimates for 2018 have also been downward revised from
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