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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgramme) turning positive to 0.6 percent in 2016 (from 1.1 percent). Fiscal On the fiscal performance... for pensioners who receive the Social Solidarity Allowance (EKAS) (cost of 82 million) with a total negative... the revenues from privatisations to 1.5 billion euros for 2015, 700 million lower than the target of 2.2
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Budget revenues rebound in August but shortfall remains at 4.2 bln
EconomyMacroeconomyconsolidation in the course of the year was also reflected in the budget deficit, which narrowed to 1.1... by 55.1 percent in August, bringing the 8-month figure up by a modest 2.2 percent to 4.9 billion, in line with target. Overall, total expenditure declined by 6.6 percent to 30.31 billion, 3.22 billion
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Newsletter 73 - 13/05/2016
surplus widened to 3.22 billion in Q1 from 1.1 billion last year, reflecting an increase in revenue... recorded in clothing and footwear (-2.2 percent), household equipment (-1.4 percent), recreation... first became available. The breakdown showed gross hirings of 215,176, partly offset by a total
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Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
EconomyMacroeconomydecreased 7.1 percent in May, but increased 2.2 percent to 961 million in the 5-month, 61 million below... lower than target. The 5-month figure eased 1.1 percent to 15.49 billion, which was 2.06 billion.... Overall, total expenditure slipped 0.8 percent to 18.91 billion euros in the 5-month period, 2.37 billion
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Greek stocks drop 1.5 pct during week amid subdued trading activity
Economyat 630.28 on Friday, trimming its previously higher gains to 1.1 percent over the last four weeks. Bank... – OLP (+2.2 percent). In contrast, the biggest losses were posted by banks, namely Eurobank (-9.4... for a consideration of 76.1 million. The bank’s total proceeds amount to 143.3 million, including
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Newsletter 113 - 31/03/2017
obligations. The minimum amount of total debt that could be included in the workout stands at 20,000..., following a drop by 2.2 points in the previous month, according to figures published... by 1.1 points in March after a decrease of 5.5 points in February. Following a cumulative decline
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Q1 GDP down by mild 0.1 QoQ, hinting at impact of drawn-out review
EconomyMacroeconomyon year (YoY) in Q1, decelerating from the drop rate of 1.1 percent growth posted in Q4. The Q1 rate... around 70 percent of total GDP), a strong increase in investments by 5.9 percent and a higher growth... published the most optimistic projection so far. It expects GDP to rebound by 2.2 percent, while
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Travel balance for nine-month period shows surplus of 11.57 bln
EconomyMacroeconomyof 1.1 percent to 520,900. Cruises In contrast, cruise-based travel to Greece showed a decline across almost all indicators in the first nine months of the year. Total receipts from cruise passengers were... the whole of 2017. In December alone, the number rose by 1.5 percent to 2.2 million travellers. Inbound
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Retail sales drop by 1.7 pct in November, corresponding volume falls 2.9 pct
EconomyMacroeconomyin November, while volume fell by 1.1 percent to 70.5. The latest business indicators for January... of 2.2 points. For November, the indicators showed that consumer confidence improved by 0.2 points... billion in 2016. Overall in 2017, total retail turnover is estimated at 42 billion, from 41.4 billion
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingpercent of Eurobank. The merger will create the best capitalised bank in Greece, with total capital ratio... to cause capital requirements of between 1.1 to 1.2 billion euros due to the difference between the book... worth around 2.2 billion, pro-forma as of the end of September 30, 2018. Eurobank CEO Fokion Karavias
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