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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomytravel receipts (up 30.7 percent) on surging non-residents’ arrivals (up 53.9 percent). Following... of the travel surplus by 10.7 percent to 11.4 billion. This stems from increased travel receipts (up 10.8... of the other C/A components showed the drop in income account deficit is attributed to lower net interest
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Greek shares rebound after calming comments from PM and finance minister
EconomyThe Greek stock market rebounded by 4.64 percent on Monday following a drop of 1.6 percent... strong gains up 9.2 percent, while Alpha and Piraeus rose more moderately by up to 2 percent. From... in the banking sector, which made up more than half of the total turnover. Bonds Unlike domestic
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Newsletter 14 - 06/02/2015
by the ECB on Greek bonds it bought in the secondary market (SMP), and combine this with the issuing of up... of Greece. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013... clear up some of the doubts, although a totally clear picture has yet to emerge. The initial
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Newsletter 20 - 20/03/2015
with the institutions comprehensively enough to ensure the drawing up of a reform list... a quarter-on-quarter (QoQ) improvement in net interest income (NII), mainly driven by a further drop... 65.6 billion euros at the end of February, up from zero at the end of 2014. The interest cost of ELA
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Newsletter 21 - 27/03/2015
the opposition parties and it appears to have stirred their political spirits. New Democracy followed up... to a drop of 15 percent on the end-November figure of 164.3 billion. Some 24.62 billion euros has been... percent of their wages. The report claims Katrougalos was signing such deals right up to the day he
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Lower spending, extra revenues result in budget execution beating targets in March
EconomyMacroeconomyGreece’s budget execution showed the 3-month primary surplus rose to 1.74 billion euros, up 12.6... to 11.18 billion, down 1.8 percent. More importantly, the revenue performance in March led to a drop... amendment. In addition, the MoF expects increased revenues from the tax arrears’ settlement in up
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Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
Economyrecovery to pick up amid high political uncertainty and tighter financing conditions, which are also... degree of uncertainty and take into account developments up until April 21. Conditional on agreement... supply and a build-up of arrears. As a result, the EC substantially lowered its gross fixed capital
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomydriven by soaring income tax, up 60.8 percent to 1.53 billion, while property taxes plummeted 74 percent..., despite the decline by 4.9 percent in August, consumption taxes are marginally up by 0.2 percent... the lowest drop since January. The absolute figure stood at 3.29 billion, 87 million above target
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Services sector turnover deteriorates in Q2
EconomyMacroeconomyadministrative and support following suit exhibiting a drop by 14.4 and 7.9 percent respectively... a double-digit growth with the highest led by legal and accounting (up 63 percent), architectural and engineering (up 59.2 percent) and management consultancy (up 49.5 percent). On the flipside, office
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Newsletter 43 - 18/09/2015
million coupled with a drop in the jobless figure by 7.8 percent to 1.18 million. Year-on-year... that will take on entrenched interests and clean up the system. New Democracy has made this campaign about... results during its, admittedly brief, time in office. At the same time, it picked up many
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