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  1. Govt on alert for possible fallout from tapering of pandemic relief measures
    Photo by MacroPolis

    PoliticsGreek Politics

    since last year. However, measures such as tax advance refunds and deferrals of tax dues have run... that much of the relief provided since last year will have to be repaid by businesses and this will create... years from the tax advance refunds they received since last year at somewhere between 4.2 and 5

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  2. Budget primary deficit confirmed at 6.2 bln in April; below target
    Photo by MacroPolis

    EconomyMacroeconomy

    a 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 8.8 billion euros compared to a deficit of 4.07 billion euros seen in the aggregate period last year

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  3. Eurobank posts Q1 net profit of 70 mln
    Image via www.eurobank.gr

    EconomyBanking

    million compared with the same quarter of 2020. Core pre-provision income (PPI) rose by 3 percent year-on-year (YoY) in Q1 to 218 million euros, while the lender booked 131 million euros in loan loss... solidly, on track to achieve our earnings guidance for the year,” Eurobank CEO Fokion Karavias

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  4. Economic sentiment rises to 108.6 pts in May; industry hits 2007 high
    Photo by MacroPolis

    EconomyMacroeconomy

    compared to May last year when it stood at -33. However, it has some distance to cover since..., turning positive for the first time in months. Year-on-year, industry confidence has jumped by 47.4... by 30.7 points month-on-month to 13.1 points. Year-on-year, the service confidence indicator has improved

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  5. Greece raises another 2.5 bln with reopening of sought-after 10-yr bond
    Photo by MacroPolis

    Economy

    Greece completed its fourth market foray of the year by re-opening this week the 10-year bond... of the year. This exceeds the initial debt strategy, which envisaged between 8 and 10 billion euros... issues so far this year, it is believed that the PDMA might issue one more bond in the second half

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  6. Budget primary shows deficit of 8.17 bln in May, falling below target
    Finance Ministry

    EconomyMacroeconomy

    a monthly deficit of 2.79 billion euros in April. For the same month last year, there was a deficit of 3.33 billion euros. The budget balance in the first five months of the year recorded a deficit of 10.8 billion euros compared to a deficit of 7.49 billion euros seen in the aggregate period last year

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  7. Economic sentiment stable in June, but consumer confidence drops
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    2.1 points higher compared to June last year when it stood at -27.7. However, it has some way to go... in months. Year-on-year, industry confidence has jumped by 21.1 points, albeit from the very low base of the first lockdown. The services index improved by 14.4 points month-on-month to 27.5 points. Year

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  8. Budget primary shows deficit of 9.09 bln in June, beating target
    Photo by MacroPolis

    EconomyMacroeconomy

    month last year, there was a deficit of 1.26 billion euros. The budget balance in the first six months of the year recorded a deficit of 12.2 billion euros compared to a deficit of 9.23 billion euros seen in the aggregate period last year. For the current aggregate period, the budget balance beat its

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  9. Newsletter 306 - 23/07/2021

    Newsletters

    introduced earlier this year. According to the new scheme, introduced by the New Democracy government... of the first lockdown last year continued to weigh heavily in recent data released this week, with large year-on-year (YoY) moves attributable to base effects. In an extreme case, the travel balance

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  10. Retail index rises another 15 pct in May from 2020 lows

    EconomyMacroeconomy

    Greece’s retail sales index continued its impressive rise with a 15 percent year-on-year (YoY) rise... last year and it reflects the base effect of last year’s first lockdown, which was lifted at the start... by 39.3 percent in the previous month. Compared to the same month last year, the main turnover rises

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