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Fitch keeps Greece at 'BB' rating as risks remain on horizon
Economy, at ‘BB’ and stable. Following a tumultuous year due to the pandemic, Greece finds itself with stable outlook across all three main rating agencies. Fitch is one notch ahead at ‘BB’ following last year... measures into the first quarter of this year have revised the growth outlook for 2021 to just 3 pct
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Trade deficit falls 10.8 pct in December as exports rise slightly
EconomyMacroeconomyGreece’s trade deficit fell by 10.8 percent year-on-year (YoY) in December compared to a drop of 18... an increase of 2.5 percent compared to the same month last year. A breakdown of the figures by geography... figure for the whole year showed that the trade deficit fell by 18.5 percent, bringing the total
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General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash deficit came to 12.55 billion euros last year... bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in social... of 848 million euros. The equivalent figure for the same time last year showed a surplus of 1.48
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Newsletter 279 - 05/03/2021
Covid-19 cases – the highest daily total so far this year – while seven hospitals in Athens ran out... of the first Covid-19 wave last year. Although there is an attempt to place the blame for the poor... of enterprises in Greece that closed last year fell by more than a fifth, while the number of new start-ups
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Budget primary shows deficit of 1.5 bln in Feb, above target by 1.23 bln
EconomyMacroeconomyof 1.47 billion euros in January. For the same month last year, there was a surplus of 336 million euros. The budget balance in the first two months of the year recorded a deficit of 3.27 billion euros compared to a deficit of 1.11 billion euros seen in the aggregate period last year
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Newsletter 289 - 19/03/2021
and deaths. On Thursday, the number of intubated patients reached 645 – the highest it has been this year... at the end of last year that Greece would issue a very long maturity bond as part of its funding strategy... the markets, which is half of top range of the debt strategy this year that range between eight and 12
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Budget primary deficit at 3.42 bln in March, above target by 941 mln
EconomyMacroeconomya monthly deficit of 24 million euros in February. For the same month last year, there was a deficit of 337 million euros. The budget balance in the first three months of the year recorded a deficit... year. For the current aggregate period, the budget balance beat its target by 880 million euros
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PM banks on firms bouncing back after lockdown as SYRIZA decries immunity for Covid panel
PoliticsGreek Politicsthe premier. Last week, Finance Minister Christos Staikouras targeted growth of 4.2% this year, compared to an 8.2% contraction last year. This figure was slightly lower than the 4.8% included in the 2020... to 55 pct, from 100 pct, and for legal entities to 70 pct this year and permanently to 80 pct from
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Budget primary deficit beats March goal amid resilient income tax take
EconomyMacroeconomya monthly deficit of 24 million euros in February. For the same month last year, there was a deficit of 337 million euros. The budget balance in the first three months of the year recorded a deficit of 5.71 billion euros compared to a deficit of 1.82 billion euros seen in the aggregate period last year
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Budget primary shows deficit of 6.21 bln in April, falling below target as expenditure grows
EconomyMacroeconomya monthly deficit of 1.92 billion euros in March. For the same month last year, there was a deficit of 2.01 billion euros. The budget balance in the first four months of the year recorded a deficit of 8.81 billion euros compared to a deficit of 4.07 billion euros seen in the aggregate period last year
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