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  1. Eurogroup sees review conclusion in sight, warns over property auctions
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    being completed before the end of the year but also came with a warning regarding possible further... scenario, happen before the end of this year,” said European Economic and Financial Affairs Commissioner... of the year." “I agree with what has been said. We made good progress in the last mission,” said

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  2. Building activity drops by 5.2 pct in August
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The headline rate is the second consecutive negative reading for this year. The absolute figure... month last year. ELSTAT noted that the increase or decrease in building permits issued does..., while volume rose by 17.4 percent. Building activity contracted for an 11th successive year in 2016

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  3. Deadly floods blight Athens as progress sought in third review
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    will no longer vote on Thursday on the government’s proposal for redistributing this year’s excess....” The conservatives clearly did not want to get caught out as they did last year, when they did not support... at the end of the year has been settled, attention will now turn to the completion of the third review

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  4. E-auctions get underway as draft SLA is prepared
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    to conduct 50 such transactions by the end of the year. The goal is to then step this up to 500-700... and the appointments would be made by June. Following the complications that the government faced this year... union, Gerovasili informed the lenders that her ministry plans to conduct an online assessment next year

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  5. Budget primary surplus at 4.66 bln in 11-month as expenditure falls, revenues rise
    Photo by MacroPolis

    EconomyMacroeconomy

    , decreasing by 19.1 percent against last year’s figure of 5.76 billion euros, the Finance Ministry... target for the first 11 months of the year, beating the goal by 1.58 billion euros. Primary expenditure... against last year's (82 million), and missed the target slightly by 3 million. Tax refunds rose

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  6. Turnover in services sector shows mixed picture in Q3 2017
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Turnover indices for the services sector recorded slight year-on-year improvements in the third... number as in the previous quarter. The three largest year-on-year falls were noted in publishing... that the index declined by 0.8 points to 13.6, the second consecutive drop. In the year to date

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  7. Economic sentiment reaches 101 pts in Dec, highest in more than 3 years
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    months of the year, when it edged up by 2.6 points to 101 from 98.4 in November, European Commission (EC... in 2017 and the monthly figure is the highest for the year. It is also the highest that ESI has reached... was agreed. During 2017, the ESI print has improved by 5.9 points, closing the year at a peak. Sentiment

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  8. Piraeus Port Authority lays out major development plans
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyFeatures

    dock alone will have the capacity to host between 350 and 450 boats a year, including mega yachts... showed that although in 2017, the tourism sector was on course for a record-breaking year in terms.... This contrasts with an overall 8 percent rise in foreign visitors year-on-year in total. Shipping gateway

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  9. General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the in the full year of 2017, up by 1.07 billion compared to the same time last year according to the Finance.... The breakdown of the figures showed that revenues declined by 475 million year-on-year to 79.69 billion... 7.33 billion last year to 5.51 billion in 2017. Revenue from taxes dropped by 2.2 percent to 47.40

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  10. Banks gear up for stress tests, with results due in May

    EconomyBanking

    finalised the results for the fiscal year 2017, along with the new IFRS 9 implementation for 2018... by 0.5 percent this year and grow by 1 percent in 2020, whereas commercial real estate will grow by 0.3 percent each year to 2020. In the adverse scenario, GDP is assumed to drop by 1.3 percent in 2018

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