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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomy. Despite coming to a deficit, the balance beat its target by just over 1 billion euros. On a monthly..., above target by 188 million euros. Tax refunds rose by just under 1 percent to 2.33 billion, below..., while VAT revenues also rose by 1 percent to 9.12 billion. On a monthly basis, indirect taxes rose
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One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations
EconomyFeaturesvalued at over 1 billion USD. Marathon VC, which has been tracking investments in Greek startups reported that the sector received record funding in 2021, approaching a total 1 billion USD. The news has... Federation of Enterprises (SEV) values the Greek startup universe collectively at around 6 billion
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Where is Odysseus? Part 4 - Unemployment and Employment
Agoraon the macroeconomy of Greece.[1] In blog 16, we updated the demographic projections for Greece and found... previous averages. How does this look in Greece? Figure 1 above gives a view. The average.... But inflation continued to be higher than in trading partners by an average of around 1 percentage point
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PM makes limited, cautious changes to cabinet after election disappointment
PoliticsGreek Politicsat ministerial level in five departments: Development, Migration, Interior, Labour and Agricultural... as Interior Minister. Kostas Tsiaras, once a justice minister under Mitsotakis, becomes the new agriculture minister. Niki Kerameus is being moved from the Interior Ministry to the Labour Ministry
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Our cruel summer
Agoranot stop the vessel? After a lifetime of giving short shrift to the idea, on September 6 Greeks...” or “Pakistani” to be used liberally as a catch-all description for anyone deemed to be inferior or dispensable
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Greece's labour market is austerity's biggest casualty
Agoraand retail sale indices, the correlation is evident and since the crisis began there is a roughly 1 for just over 1 percentage impact between GDP drop and industrial production and 1 for 1.5 relationship... was growing at an annual rate of 6% and banks were calling customers to sweet-talk them into accepting
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After Q3 results, what next for Greek banks?
Agora– 18 percent) over the preceding 6 and 12 months. The returns on the investment made by those who... of deposit rates in the banks acquired over the past 12 months, whose deposit rates were 1 percentage point... as of January 1, 2013 and another 3.5 percent as of the beginning of next year), implementation
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomyto 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4.... On the loan front, the most material change was posted in corporate loans above 1 million euros... percentage points for amounts over 250,000 and up to 1 million euros. The rate in loans to sole
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomy. That said, the rates in consumer loans with a defined maturity and in corporate loans above 1 million... are now almost 1 percentage point closer to those in the euro area. In particular, the rate... that for larger amounts the loan rate In Greece is 1 percentage point higher than the euroarea average
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingreflect an improvement in the pre-provision income (PPI) by 6 percent to 413 million outpacing... by a modest 1 percent QoQ. The yearly drop mainly stems from a double-digit decrease in personnel... with the coverage ratio at 45.3 percent. Gross loans rose by almost 1 billion QoQ to 71.4 billion
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