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  1. Foreign arrivals push travel surplus up by 6.6 pct in July, average expenditure falls
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to improve by 6.6 percent to 2.74 billion from 2.57 billion a year ago. The increase in receipts is driven... countries went up by 8.7 percent compared to the same time last year to 3.4 million visitors. Those from... of the year showed that travel receipts rose by 6.4 percent to 7.04 billion euros, while

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  2. Early banks stress tests offered as Greek programme compromise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    that the SSM may “frontload” the stress tests that are due to be carried out next year so the results are available before August 2018. “What the SSM plans to do next year is to have a stress test, possibly... surplus was close to its target, gross revenues for the eight months of the year were 950 million

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  3. Draft budget sees stronger growth, fiscal targets being met
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent rise in public consumption. For next year, the MoF sees a series of factors... billion euros this year and at 6.67 billion in 2018, implying a cushion of 135 million next year... are estimated to reach 20.37 billion euros in 2017 and grow to 20.78 billion next year. Indirect

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  4. General govt primary cash surplus at 4.51 bln in eight-month, arrears increase to 6.03 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    year to 4.51 billion in the first eight months of 2017 according to the Finance Ministry’s (MoF... a primary cash balance of 1.71 billion euros compared to 636 million for the same time last year. Local... by 23 million while local government arrears fell by 16 million. Since the start of the year

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  5. Athens waits to sound out IMF, PM moves on from vote
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , in its World Economic Outlook, the IMF predicted growth of 1.8 percent of GDP for Greece this year... as late as July this year. However, this was somewhat balanced by the fact that the IMF increased its growth forecast for next year from 2.4 to 2.6 percent. This was interpreted as a positive sign

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  6. Greek household expenditure falls by another 2.5 pct in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    Total monthly household expenditure fell by 2.5 percent in Greece last year, according.... Around 20.7 percent of total household expenditure was spent on food, unchanged from last year... year-on-year falls in expenditure were seen in durables (-7.5 percent), recreation and culture (-6.4

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  7. Tsipras sets off for USA as prior actions, e-auctions dominate at home
    By Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    the government is making in completing the 95 prior actions that have to be ticked off this year... is not demanding any new fiscal measures from Greece for next year. Some reports had claimed that the Fund’s forecast for a 2.2 percent of GDP primary surplus next year meant that more measures would

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  8. Travel balance up by 18.5 pct in August as foreign arrivals increase
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion euros from 2.83 billion a year ago. The increase in receipts is driven by a rise in foreign... last year to 4.1 million visitors. Those from non-euro areas within the EU 28 rose by 16.6 percent to 1.8 million. The aggregate figures for the first eight months of the year showed that travel

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  9. General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    months of 2017, up marginally (​by ​3 million euros) compared to the same time last year, according... for the same ​period last year. Local government recorded a surplus of 132 million, improving from the previous month’s figure of 46 million euros. The figure for the same ​period last year was 500

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  10. Eurogroup marks start of countdown for prior actions

    EconomyProgramme

    on which there is not complete agreement is next year’s fiscal gap. Although the International Monetary Fund (IMF) is not demanding extra austerity measures for next year, as it will be satisfied... due to take place next year. The Greek government is adamant that no more measures will be needed

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