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Fragility of summit pledge for border status quo already evident
PoliticsGreek Politicson Greece’s Schengen commitments. According to Defence Ministry data, the hot spot on Lesvos has been
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Travel receipts grow 12.2 pct in Dec, surplus rises to 12.17 bln in 2015
EconomyMacroeconomyGreece's travel receipts rose at a double-digit rate for the second straight month in December, when they increased by 12.2 percent from 16 percent in November, Bank of Greece (BoG) data showed on Monday. The absolute figures showed that travel receipts stood at 205 million euros in December, while
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Unresolved pensions issues complicate the fiscal front
EconomyProgrammereasons. Data provided by Confederation of Social Security Workers (POPOPK) last October pointed
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Negative deposit flow of 1.12 bln in Jan
EconomyMacroeconomyAfter a short-lived positive flow of 2.65 billion euros in December, the Greek banking system recorded outflows of 1.12 billion in January, Bank of Greece (BoG) data displayed on Thursday. The absolute figures showed private sector deposits edged down to 122.23 billion euros in January, which
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Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues
EconomyMacroeconomyConfirming preliminary data, Greece’s budget primary surplus improved to 1.19 billion in January from 443 million last year, the Finance Ministry (MoF) final budget bulletin showed on Friday. The notable rise largely reflects a sharp increase in the Public Investment Budget (PIB) surplus to 431
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Retail sales slip 0.1 pct in Dec, drop of 2.8 pct in 2015
EconomyMacroeconomyThe turnover of Greece’s retail trade index eased 0.1 percent in December after a revised drop of 5.4 percent in November, Hellenic Statistical Agency (ELSTAT) data showed on Monday. For the whole year, retail sales fell 2.8 percent. The December headline figure indicates the lowest negative
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammeto publish its first notification on 2015 fiscal data. Eurostat will follow with its own release
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Car sales down 17 percent in February
EconomyMacroeconomyAfter rising in the preceding three months, the number of road motor vehicles going into circulation for the first time fell by 17 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. February’s was just the the third negative reading since September 2013
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Trade deficit drops 5.1 pct in January, exports down 8.1 pct
EconomyMacroeconomyGreece’s trade deficit fell at a decelerating pace by 5.1 percent in January from 14.3 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The mid single-digit decline in January reflects a drop in exports and imports by 8.3 and 7 percent respectively. For exports
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Turnover in the tourism sector falls 8 pct in Q4, first negative reading since Q1 2013
EconomyMacroeconomy. The latest data by the Association of Greek Tourism Enterprises (SETE) displayed international tourist
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