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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomytimes higher than the previous year, according to the Bank of Greece (BoG). The negative movement by 511 million euros year on year (YoY) reflects deterioration in almost all key components.... Compared to last year’s amount of 4.6 billion, this year’s figure implies an increase of 1.3 billion.
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgrammesubmitted at the end of last year by the previous government. The political uncertainty is seen weighing heavily on consumption and investment during the first half of the year. A rebound is now expected in the second half of the year and a more pronounced expansion of 2.9 percent in 2016, mainly led
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Greek travel receipts rise by 10.2 pct in 2014, arrivals shoot up by 20.7 pct
EconomyMacroeconomypercent). Although not indicative for the full year performance, the Association of Greek Tourism... at the main Greek airports surged 25.6 percent. According to SETE's initial estimates for the whole year... percent year on year, also including cruise arrivals of 2.5 million. Direct tourism revenues
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Central gov't cash surplus reaches 1.19 bln in Q1, up 54.3 pct YoY
EconomyMacroeconomyGreece’s central government primary cash surplus widened by 54.3 percent yer on year (YoY) to 1.19 billion euros in the first quarter (Q1) of 2015 from 771 million last year, according to the Bank of Greece (BoG). The quarterly evolution mainly reflects the performance in March, when this year’s
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Travel receipts increase 16.2 pct in Feb as arrivals shoot up by 56.2 pct
EconomyMacroeconomy156.8 million in February from 134.9 million last year. Travel payments rose by 14.2 percent to 147.7... by 63.8 percent to 9.1 million from 5.5 million a year ago. The growth rate in receipts is entirely..., up 85.2 percent on last year’s figure of 10.6 million. The rise in 2-month travel receipts is also
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Budget primary surplus grows in April thanks to one-off revenues and restricted spending
EconomyMacroeconomylast year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Wednesday... halved from last year’s figure of 1.15 billion and landed at 508 million in the 4-month period, 2.41... are estimated to be collected by the end of the year. Τax refunds fell month on month for the second
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Current account deficit widens to 404 mln in March
EconomyMacroeconomyeuros, from 88 million in the corresponding period last year, according to the Bank of Greece (BoG). The deterioration by 316 million year on year (YoY) mainly reflects a narrowing of the primary... showed the C/A deficit widened by almost 90 percent to 2.18 billion from 1.15 billion last year
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Newsletter 28 - 29/05/2015
indicate that a surplus of around 1 percent will be agreed for this year, 1.5 for 2016 and 3.5... settled. It appears that the institutions believe Greece will see GDP shrink this year but Athens... deficit” rule that Greece was meant to adopt at the start of the year, and which stops the state
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Greece rides the ghost train
Agorathis year alone and another substantial overhaul of the pension system, yielding savings of up to 900 million euros (0.5 percent of GDP) this year and 1.8 billion euros (1 percent of GDP) next year. We must... increased his primary surplus offer to 0.75 for this year and 1.75 for next year but is still
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Severe underspend covers lower revenues for end-May primary surplus
Economyeuros from 707 million in the corresponding period last year, according to the Finance Ministry... of 597 million euros in May compared to a target of 246 million, reducing accordingly the year.... The outperformance so far this year is attributed to substantial lower expenditure (by 1.94 billion) and much
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