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Primary cash surplus improves to 2.93 bln at end of April
EconomyMacroeconomyin the 4-month period of 2016, from 1.05 billion in the corresponding period last year, according to Bank... a surplus of 83 million in April from deficit of 135 million last year. The net balance of the central... to a surplus of 2015 million from deficit of 1.49 billion a year ago. The year-on-year improvement
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicsand the fiscal brake, which is to be activated from next year if Greece fails to meet its primary... million euros over the two-year period. This immediately triggered a reaction from coalition partner... would be put on hold until the end of the year and efforts would be made to find equivalent
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ATHEX net profits down 54 percent in Q1 2016
Economy. The results mirror the group’s annual results for 2015, where Greece’s dramatic year manifested in investor... year. After subtracting the Hellenic Capital Market Commission fee, total consolidated revenue... shares compared to 210 million shares over the corresponding period last year. In the derivatives
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Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln
EconomyMacroeconomythan offset by household net deductions of 189 million. Since the beginning of the year, the net.... The year to date figure point to modest net additions of 89 million. Loans to sole proprietors... in April from more than 200 million in each of the previous three months of the year. Overall
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Tsipras unveils growth plan but little in way of new ideas
PoliticsGreek Politicsthat this would now allow the government to focus on achieving growth over the next year (the Greek economy is forecast to contract by 0.3 percent of GDP this year and to grow by as much as 2.7 percent next year). Tsakalotos also stressed that the government must not return to the kind of growth
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Current account deficit narrows to 822 mln in April
EconomyMacroeconomybillion a year ago, Bank of Greece (BoG) figures showed on Tuesday. The year on year improvement... billion last year. The improved performance largely reflects shrinking goods’ deficit by 1.15 billion... month on month to 6.78 billion in April from 6.62 billion in March. Compared to last year, reserve
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Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
EconomyMacroeconomy, which was significantly higher than last year’s figure of 1.51 billion, according to the Finance... dropped by around 42 percent to 814 million euros, from 1.4 billion last year, over-performing... over-performance in the course of this year. The aggregate figures for the 5-month period show
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Marinopoulos travails point to wider difficulties for supermarket sector
EconomyFeaturescrisis. Last year began with optimism in the sector - supermarket sales had posted yearly growth... with the year that followed. Sales picked up briefly towards the end of June 2015 as consumers panic... far less this year on their supermarket shop compared to last year. One in three consumers (32
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Newsletter 82 - 15/07/2016
the domestic economy to contract 0.7 percent in 2016 before rebounding by 1.8 percent next year. The rating... represents the highest monthly rise since February. Since the beginning of the year, unpaid taxes have reached 5.58 billion, up by 6.7 percent from the corresponding period last year. The industrial
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Current account deficit widens to 412 mln in May
EconomyMacroeconomymillion last year, Bank of Greece (BoG) figures displayed on Thursday. The year on year deterioration... deficit by 52 and 30 million respectively. Imports fell by 285 million (-7.7 percent) from last year... year to positive this May. Moreover, BoG said that the drop in exports is largely due to a decrease
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