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The unbearably slow vaccination process in Croatia
Agora% of the population with two doses. Such a balance of power was most likely due to last year's decision... for approval for use in the EU." But throughout the year, Moderna and BioNtech/ Pfizer led the vaccine... that it has recently been a year since Croatia, like many other countries, entered the first
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S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside
Economythe economy to grow by 4.9 pct this year and accelerate further to 5.8 pct in 2022. This will be driven by anticipated double-digit investment growth in the coming years, from 9.6 pct this year to 12 pct by 2023. Fiscal On the fiscal front it sees this year’s deficit slowing down to 6.9 pct of GDP
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Newsletter 295 - 07/05/2021
successful market foray of the year by drawing 3 billion euros through a new 5-year bond issue... debt strategy for the year, even if the final amount reaches the upper threshold of 12 billion euros. The Finance Ministry has hinted that the total debt strategy this year could exceed the 12
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Trade deficit rises by 27.1 pct in March as imports surge
EconomyMacroeconomyGreece’s trade deficit rose by 27.1 percent year-on-year (YoY) in March compared to a drop of 33.2... an increase of 34.6 percent compared with the same month last year. A breakdown of the figures... three months of the year showed that the trade deficit fell by 9.8 percent, bringing the total
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Updated privatisation plan seeks to make up for ground lost in 2020
Economythat were included in this year’s final budget back in November, Greece is due to collect nearly 1.8..., with the higher receipts in 2017 with 1.38 billion euros. This year’s planning sees 1.46 billion euros... million from property, with the flagship this year the 300 million from the project of Hellinikon
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Piraeus announces Q1 loss of 407 mln as provisions mount
EconomyBanking-loss on the Q4 of 2020, and compares with a 232 million-euro loss in Q1 of last year. Asset quality... at the end of last year. The bank said it expects to complete the Phoenix and Vega NPE... increased to 403 million euros compared with a loss of 33 million euros a year earlier -- an improvement
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OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomygrowth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December... subsidies that have contributed to a significant rise in bank lending towards enterprises. Next year’s... investments by 11.5 pct this year and by 20 pct in 2022. Private consumption is also seen driving domestic
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Trade deficit rises by 70.7 pct in April, mainly due to base effect
EconomyMacroeconomyGreece’s trade deficit rose by 70.7 percent year-on-year (YoY) in April compared to an increase... an increase of 49.7 percent compared with the same month last year. A breakdown of the figures... for the first three months of the year showed that the trade deficit increased by 7.8 percent, bringing
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Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
EconomyMacroeconomymonths of the year, compared to a deficit of 4.84 billion in the same period of 2020, the final Finance... million euros. The budget balance in the first five months of the year recorded a deficit of 10.8 billion euros compared to a deficit of 7.49 billion euros up to May last year. For the current aggregate
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Industrial production up by 14 pct YoY in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 14 percent year-on-year (YoY) in May... the first five months of the year, the IPI has increased by 9.8 percent YoY. The aggregate was driven..., after rising sharply by 12.9 points in May. Year-on-year, industry confidence has jumped by 21.1
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