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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomy177 million last year. Despite the strong fiscal performance, both figures fell short of monthly... 1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget... the ESA-95 methodology. Thus, the equivalent MoF projection of 812 million under EAP stands at 3.9
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomy. On the flipside, direct taxes are estimated to drop by around 300 million to 20.42 billion in 2017. On the cost front, primary expenditure is projected to drop by more than 1.4 billion euros to around 44 billion... clearance. However, the debt to GDP ratio is expected to drop to 176.5 percent in 2017 from 180.3
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Car sales still going strong in 2014; up by 33.7 pct in October
EconomyMacroeconomyin October from 7,730 in September and 6,850 in October 2013. Following another strong reading... (+29.6 percent) in line with the total headline figure. All indications point to a strong double-digit... followed a sharp drop of more than 30 percent in each of the prior three years (2010-12). In absolute
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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
EconomyMacroeconomya stable growth trajectory and a strong budget performance led by tax revenues, notably indirect taxes... tax will have a minor drop to 15.76 billion euros and corporate taxation will rise to 8.66 billion... pct of GDP. The stock of debt will continue to drop, seen next year at 359 billion euros at general
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Drop in industrial production accelerated in November with 6.1 pct decline
EconomyMacroeconomyThe drop in the Industrial Production Index (IPI) accelerated in November to 6.1 percent following... percent), July and August recording the highest drop (7.6 – 7.8 percent), while the other monthly readings showed a mid-single digit drop. IPI has only had only four positive year on year (yoy) readings
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports... of a double digit rise in receipts (+16.3 percent) and drop in the corresponding payments (-12.3 percent). Higher travel receipts are fully attributed to a continued strong rise in non-residents’ arrivals
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomyin the last nineteenth quarters (since Q1 2010). The largest drop in the quarterly economic.... During the crisis years, the biggest nosedive (-8.3 percent) was posted in 2011, followed by a drop... a cumulative drop of almost 22 percent since 2008. This mainly results from a nosedive in disposable
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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..., following a drop of 4.4 percent in November. The full year figure points to a contraction of 1.4 percent... in supermarkets (-5.2 percent) and electrical and household equipment (-4.8 percent). On the flipside, strong
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyreflects strong underspend, with primary expenditure coming in 1.19 billion lower than target... the target. Following the drop in April, primary expenditure edged down by 1.2 percent to 13.04 billion euros in the 4-month period, implying a strong underspend of 1.19 billion compared to the target of 14.23
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Jobless rate falls to 10.2 pct in Mar amid expectations for strong tourism
EconomyMacroeconomy, amounting to 492,867, a sizable 8.8 percent drop. Unemployment has fallen again below the half million..., a drop of 1.5 pps year-on-year. Youth unemployment dropped by 3.7 pps year-on-year to 21.1 percent... Ministry’s Ergani database showed that Greece’s employment balance was strong in March, with 63,689
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