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Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June
EconomyMacroeconomya primary surplus of 185 million euros, which is less than compared to last year, on sharp drop in Public... tax revenues soared 38.8 percent to 3.6 billion euros in June with the 6-month figure up 11 percent... spot on target. Overall, total expenditure edged up 2.7 percent to 22.69 billion in the first half
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Economic sentiment improves to its highest level of 90.7 pts for 2016, consumer confidence falls by 1.2 pts
EconomyMacroeconomy, the European Commission (EC) figures showed on Thursday. As a result, the ESI edged up to 90.9 in July.... Following the sharp drop that started at the end of 2014 and bottomed in August last year, the most improved indicator over this 12-month period is retail trade confidence (up by 39.2 points
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New tax arrears rise by 1.22 bln in June, total stock almost at 90 bln
EconomyMacroeconomya short-lived drop to 700-900 million posted in March and April. The aggregate figures for the first half of 2016 show new overdue taxes climbed by 6.81 billion euros, up by 15.7 percent or more than... to 89.83 billion in June, up by 943 million month on month. Efficiency indicators GSPR data also provided
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingby a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million... in Q2. In addition, the NPL cash coverage ratio edged up to 66.8 percent in Q2 from 65.9 percent.... The drop reflects reinstatement of waiver and participation in ECB asset purchase programme
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Government under pressure from TV permit and Attica Bank claims
PoliticsGreek Politicslast year the government has held up the TV tender as a prime example of its self-professed attempt... of the distinctive features it claims to have in comparison with the opposition. The pressure may ease up if Kalogritsas is forced to drop out of the TV permit procedure but will certainly increase if the Council
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How the pension fund that invested heavily in Attica Bank lost half its reserves
Agoracurrently controlled by TSMEDE corresponds to 0.62 euros per share. Following the sharp drop in bank... million, making up 8.7 percent of total wealth. The remaining TSMEDE wealth was allocated in cash... due to the PSI impact. Summing up, the initial investment of 4.22 billion in mutual funds, equities
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Greece slips five places to 86th in global competitiveness rankings
EconomyGreece’s saw its competitiveness drop five places to 86th in a list of 138 countries, according... (currently ranked 80th), which make up 20 percent of the GCI and 5 slots in efficiency enhances (67th... and sophistication factors that make up 30 percent of the total index. On the sub-index of basic requirements
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Trade deficit rises 11.6 pct in Aug on slight increase in imports and stable exports
EconomyMacroeconomyin the previous month, which was the highest reading since October 2012. Meanwhile, the drop rate in exports... the impact of oil products, imports grew at a higher pace of 27.1 percent, while exports edged up 1.7 percent... deficit up 26 percent το 11.05 billion.
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Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln
EconomyMacroeconomyincludes 122,319 debtors and recorded a drop by 1,772 from the previous quarter. In addition, more than... 4321/2015), which provided for the payment of overdue SSCs in up to 100 installments. The SSC collection edged up QoQ to 198 million in Q3, from 196.4 million in Q2, to a total of 583.7 million in the 9-month
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Trade deficit falls 12.1 pct in Sept following export growth for first time since Apr 2015
EconomyMacroeconomy, Hellenic Statistical Authority (ELSTAT) data displayed on Monday. September’s drop is entirely... to EU countries edged up 5.3 and 0.9 percent respectively in the 9-month period. Moreover, imports... percent) compared to exports (+1 percent) driving the corresponding trade deficit up 21.7 percent.
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