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General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
EconomyMacroeconomyeuros, bringing the total figure to a deficit 53 million euros. The equivalent figure for the same... the total fell by 35 million YoY. An increase was seen in extrabudgetary funds with a rise of 1.17... the total to 1.85 million euros. This was followed by social contributions with a decline of 684
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General govt primary cash deficit of 12.55 bln in December, arrears drop by 345 mln
EconomyMacroeconomysecurity funds (SSFs) with an annual fall of 629 million euros, bringing the total figure to a surplus... with a decline of 1.45 billion, taking the total to 2.54 billion euros. This was followed by social contributions with a decline of 430 million euros taking the total to 21.8 billion. Other revenue
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeatures(the ratio of bad debt to the total stock of debt) reached its lowest point on record at 5.2 pct... of the total at the end of 2018. Cleaning up the banks’ balance sheets became a policy priority... their balance sheets of 9.3 billion euros of non-performing consumer loans (61 pct of the total
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Retail and catering continued to dominate business activity, employment in 2022
EconomyMacroeconomyeconomy over the last decades. A total of 294,892 companies were registered in Greece, up from... with 11-50 staff. Some 16 pct of total employment comes from 213,982 companies that employ 384,245 workers. It is just 780 companies that employ more than 250 staff, with total workers in this category
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingsees Greece growing by 2 percent in 2018, lower than its last official estimate of 2.3 percent... in 2019 and remain above 2 percent before dropping to 1.8 percent in 2022. All estimates are marginally... forecasts growth of 2 percent in 2018 and 2.2 percent in 2019. Fitch sees growth of 2.1 percent
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Overall loan interest edged up to 4.36 pct in January
EconomyMacroeconomycorporations rose by 2 percentage points to 4.36 percent in January from 4.34 percent in December, data... interest rate on all existing loans dropped by 2 bps to 3.97 percent. The spread between existing loan... rose by 2 bps to 14.62 percent. The average interest rate on consumer loans with a defined maturity
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Newsletter 334 - 08/04/2022
for April shipments in rubles. DEPA Commercial, which receives 2 billion cubic metres of natural gas... a fall of 2 points in the overall satisfaction levels with the centre-right administration compared... and the sovereign borrowing costs edging up by 2 percentage points. The PBO also noted that price
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Newsletter 443 - 29/11/2024
at just 4.3 pct, down by more than 2 points since the last poll. Having established themselves... is on the cusp with 3 pct. The poll also projects 2 pct for the Spartiates, the Golden Dawn... one percentage point, with a 2023 negative saving rate of close to 2 pct. This leads Greece
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Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle
Economydigitalisation strategy. In 2024 alone, anti-evasion measures yielded an extra 2 billion euros in tax revenue... to maintain primary budget surpluses of 2–2.5 pct of GDP through the medium term. Greece has also consistently met NATO's 2 pct of GDP defence spending target, avoiding the need for major new defence
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Q1 GDP virtually unchanged with just 0.04 pct QoQ growth, investments drop sharply
EconomyMacroeconomyby 0.7 percent. Exports of goods were down by 0.8 percent QoQ and services exports decreased by 2 percent. Imports of goods dropped by 0.03 percent and services were up by 2 percent. Compared to Q1 2024... in 2025. In its latest WEO released in April, the IMF sees growth of 2 pct in 2025. In its latest
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