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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomyyear on year (YoY) after increasing by 3.8 percent in April, according to the Hellenic Statistical... was celebrated in April whilst last year it was in May. Thus, the YoY comparison of May 2014 retail... respectively. ELSTAT also released for the first time the evolution of the year-to-date figures, which
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomyto 1.37 billion euros from 898 million last year, according to the Bank of Greece (BoG.... In absolute figures, the 6-month C/A deficit landed at 1.12 billion from 2.42 billion last year... in Eurobank Properties to Wellington Management LLP. As a result, the year to date direct investment
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Greek unemployment rate hovers at 27 pct in June
EconomyMacroeconomyfor the second consecutive month with three positive MoM readings in the first half of the year. Unemployment... recorded the first year on year (ΥοΥ) increase in employment since March 2009. The June ΥοΥ reading... unemployment remains consistently above the 50-percent mark, at 51.5 percent in June. Nevertheless, this year’s
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Greek banks' Eurosystem funding declines by another 53 mln in August
EconomyMacroeconomythe minor movements in the past two months, the year to date (YtD) evolution shows a significant drop by 18.66 billion on the year-end 2013 figure of 63.23 billion. ELA funding was eliminated since... by 28.45 billion YtD, 39 percent lower than the year-end 2013 figure of 73.02 billion. According
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Greece sees travel receipts rise again in July to reach 2.74 bln
EconomyMacroeconomytravel receipts reached 2.74 billion euros in July from 2.4 billion last year. Travel payments... to 2.55 billion in July from 2.22 billion in the corresponding month last year. The further increase... billion last year. Almost half of the surplus was recorded in July. The evolution of travel receipts
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Samaras plots early bailout exit, plays down debt relief as Merkel remains tight-lipped
PoliticsGreek Politicsearly - at the end of this year - in a meeting with German Chancellor Angela Merkel that did... in the second half of this year, the gradual reduction in unemployment and the country’s return to bond markets earlier this year means that the government can eschew the remaining loan tranches from
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomyruling. c) Retaining the solidarity tax for at least one more year albeit with lower rates, according... for another year. Furthermore, the MoF will reportedly highlight the budget outperformance so far this year... sources, Kathimerini set out the government’s plan for tax breaks in 2015-16. For the next year
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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
Economyeuros year on year (YoY) in 2015 on the back of the stronger GDP growth expected next year, while... that have already been announced: a) Extension of the solidarity levy by (at least) one year... rate of 13 percent for another year c) Reduction in the excise tax on heating oil by 30 percent d
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomyfigures confirming earlier reports regarding next year's surplus and other fiscal targets. For 2014... for 2014 and 2015, which foresee a GDP rebound of 0.6 percent this year and a stronger growth of 2.9 next year. For the next two quarters of 2014, the MoF anticipates that GDP will post a positive
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Greek economic contraction during crisis higher at 24.6 pct, revised data shows
EconomyMacroeconomyin 2009 (from -3.1 percent). The combined effect of the revisions on nominal GDP for the end-year... GDP for the benchmark year 2010 (which now settles at 226.21 billion euros, 4.06 billion above... revision was evident in 2003, which is also the year with the fastest growth since 1996, at 6.6 percent
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