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Budget primary surplus falls to 1.1 bln in Q1, slightly above target
EconomyMacroeconomyrevenues edged up 0.4 percent to 11.72 billion, outperforming the target by 678 million. The revenue... a significant drop from last year. Specifically, revenues plummeted 58.2 percent to 650 million
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Fiscal surplus back in focus ahead of IMF debt discussions
PoliticsGreek Politicsto be offered a fiscal path that consists of 3.5 percent of GDP targets for 3-4 years before they drop... of the extra fiscal measures lined up for 2019 and 2020 (1 percent of GDP in pension cuts and 1
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Disposable income rises slightly in Q4 for first time since Q3 2014
EconomyMacroeconomyGreek household disposable income edged up 0.1 percent in the fourth quarter (Q4) of 2016 after falling by 1.8 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data showed... and reflects a slight drop in compensation of employees counterbalance by a decrease in taxes and social
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Greece eyes first bond issue since 2014 to smooth out volatile relationship with markets
EconomyFeatures’ take up at 93 percent. In contrast, the July announcement just noted that investors showed..., while the 10-year yield recorded a smaller drop of more than 100 bps well below the 6-percent mark
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Building activity falls by 4.2 pct in February
EconomyMacroeconomyshowed permits edged up by 2.3 percent, due to the positive performance in January. In addition... permits decreasing by 5.5 percent at an accelerating pace from the 2015 drop rate of 0.9 percent
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Q1 GDP down by mild 0.1 QoQ, hinting at impact of drawn-out review
EconomyMacroeconomyon year (YoY) in Q1, decelerating from the drop rate of 1.1 percent growth posted in Q4. The Q1 rate... are a rise in private consumption by 1.3 percent, which retains the lion’s share (it makes up
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Greek stocks edge down 0.6 pct ending three-week rally
Economyof May. The banking index showed a more volatile performance edging up 0.1 percent this week. Since..., the biggest drop was posted by Aegean Airlines (-6.9 percent) followed by OPAP (-4 percent) and Public Power
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBankingpercent QoQ to 381.2 million, mostly reflecting a continued drop in loan NII, which counterbalanced... pressure, falling by 16 basis points (bps) QoQ to 451 bps, while the deposit spread edged up by 5 bps
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Slight rise of 0.3 pct in March retail sales after strong growth in February
EconomyMacroeconomyThe turnover of Greece’s retail trade index edged up by 0.3 percent in March, after upwardly revised double-digit growth of 11.2 percent in February, Hellenic Statistical Agency (ELSTAT) data showed... have declined by 36.3 percent, reflecting a similar drop in household disposable income, largely due
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Coalition guards unity as Tsipras briefs opposition leaders
PoliticsGreek Politicspolitical scene will drop a notch or two as each opposition party works out its best lines of attack... there are other types of investment and claimed that “hundreds” of investors are lined up to complete
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