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Budget primary surplus confirmed at 381 mln in June
EconomyMacroeconomyrevenues came to 25.48 billion euros, higher than the target by 2.12 billion euros or 9.1 percent...). Tax refunds came to 2.03 billion euros in the aggregate period, higher than their target by 174..., beating their target by 1.94 billion euros, and standing 7.1 percent higher than for the same time last
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Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
EconomyManagement Agency (PDMA) auctioned 625 million euros and was offered more than 1.5 billion, including 221... for the 52-week T-bills, which closed 2018 with a yield of more than 1 percent, to drop under 0.5 percent in the latest auction held in the middle of June this year. June’s issue was covered more than two
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PBO highlights budget, recovery risks in latest report
EconomyMacroeconomyis 2.1 billion euros lower than during the same period last year. The PBO notes that although part... tax by 205 million euros more than had been legislated by the previous government will add... reaching 31.8 percent, which is 3 percentage points lower than the previous figure and even more
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Unemployment falls to 17.2 pct, stays below 18 pct for second month
EconomyMacroeconomyfirings than hirings. Compared to the same month last year, there were 6,081 fewer hirings than firings... 281,775 more hirings than departures. Ergani noted that the balance for the first seven months
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingsooner than BoG’s plan. DG Comp in Brussels has been examining the HFSF plan because the bid... to more than 9 percent of the principal portfolio amount and is capital accretive to NBG (based on Q1... dropped to 81.8 billion euros, falling by more than 13 percent, or 12.6 billion, from the 94.4 billion
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Budget primary surplus confirmed at 1.76 mln in July as revenues overtake expenditure
EconomyMacroeconomymillion euros. On an aggregate basis, gross revenues came to 31.10 billion euros, higher than... refunds came to 2.51 billion euros in the aggregate period, higher than their target by 253 million..., beating their target by 2.13 billion euros, and standing 6.3 percent higher than for the same time
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Unemployment edges down again in June, falling to 17 pct
EconomyMacroeconomythe Labour Ministry’s Ergani database for July showed that there were 14,691 more firings than hirings. Compared to the same month last year, there were 6,081 fewer hirings than firings in July 2019. The data... departures. In the aggregate period, the employment balance showed 281,775 more hirings than departures
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September employment balance stays positive by 2,651
EconomyMacroeconomyThe employment balance stayed positive in September with 2,651 more hirings than firings, data from... hirings than firings. This was followed by those aged 45-64 with a positive balance of 4,499, and those..., the employment balance showed 287,537 more hirings than departures. Ergani noted that the balance for the first
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Reopening of 10-year bond secures record low yield of 1.5 pct
Economyclosed at 13:00 UKT with offers of more than 7.6 billion euros, including 714 million of joint-lead manager interest. The transaction attracted more than 250 participating accounts with the lion’s share... banks at roughly 11 percent. The PDMA notes that the real money allocation stood at more than 87
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Despite ongoing budget talks, ND eyes more relief measures in coming months
PoliticsGreek Politicsat the end of 2020. Staikouras argued that a better-than-expected performance on the revenue side... by an average of 22 percent. According to the Finance Ministry, more than 1.1 million taxpayers applied... be paid out in advance, rather than applicants asking to be reimbursed for heating fuel costs, as had
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