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Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
EconomyMacroeconomyin the first five months of the year, Bank of Greece (BoG) figures showed on Monday. The headline figure... compared to the figure for the same time last year which came to a deficit of 320 million euros... billion, down by 8.4 percent year-on-year. The current month’s revenue figure reverses the increase
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Travel balance records 127 mln surplus in Q1, much improved on last year
EconomyMacroeconomyhigher by 47.3 percent than the surplus of 86 million noted for the same period last year. The rise... of 5.9 percent (24 million euros) in travel payments. Foreign visitors were up by 12.4 percent year-on-year, which was the main driving factor behind higher receipts. A small increase of 0.7 percent
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Greek deposits slip in October as credit also contracts by 3.9 pct
EconomyMacroeconomyand 282 million respectively more than offsetting the marginal time inflows of 85 million. The year.... The positive sentiment prevailing in the three quarter last year after the June 2012 elections... income, with latest data showing a 9.3 percent drop in the second quarter of the year, is seen
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingeuros from profit of 230.4 million last year. The latter excludes the negative goodwill of 3.28 billion.... This year’s financial performance showed a pre-provision income (PPI) of 250 million euros from 72 million last year, counterbalanced by impairments on loans at 395 million, which were down 21.8 percent year
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Current account surplus reaches 1.68 bln in July thanks to services
EconomyMacroeconomy, reaching 1.68 billion euros, which was 40.3 percent down year on year (YoY), according to the Bank of Greece (BoG). However, last year’s figure included 1.5 billion euros from the first disbursement under.... The strong C/A surplus posted in July turned the year to date C/A balance to a surplus of 567
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Greek deflation shoots up to 1.7 pct in October
EconomyMacroeconomyyear on year (YoY) and 0.9 percent MoM. From the 12 main groups of goods and services, only one...), hotels, cafes and restaurants (-0.1 percent) and communication (flat) showed a marginal movement... trailing index fell 1.4 percent in October and has remained above the 1-percent mark throughout the year
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General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing
EconomyMacroeconomyin the 10-month period of 2014, 2.4 times higher than the 1.43 billion posted last year, according the gg bulletin... in the corresponding period last year. All key gg entities continued posting a primary cash surplus... year the state budget recorded a primary deficit of 2.4 billion. The primary surplus of extrabudgetary
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Greek primary budget surplus halved in Jan as revenues miss target
Economy835 million last year, according to the Finance Ministry (MoF) preliminary budget bulletin published... balance, which showed a surplus of 367 million, down 40.7 percent from last year’s figure and 919... target. Note that the 2015 budget envisaged primary expenditure to remain almost flat (-0.1 percent
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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomyconsumption remained flat QoQ and rose 1.6 percent YoY in Q1. Last year, household consumption had... economic recovery this year. The provisional data also showed the year on year (YoY) GDP growth rate... is tourism which recorded a strong performance last year. The initial SETE estimates for 2015
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Economic sentiment stable, consumer confidence down 4.5 pts in November
EconomyMacroeconomyGreece’s economic sentiment (ESI) remained flat from previous month at 86.5 in November, European... of understanding (MoU) in mid August. However, the year to date balance indicates a drop by 12.6... points to -64.1 in November. As a result, the year to date balance remains negative indicating
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