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Budget exudes fiscal stability, but hints at political complications
EconomyMacroeconomyLast week’s five-day debate on the 2025 budget concluded on Sunday without any complications for the government, and the economic plan is certainly in line with the Greek authorities’ narrative that stabilising the economy is one of the current administ...
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
EconomyS&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing confidence in the country’s fiscal discipline, solid economic growth, and an improving banking sector. In April, S&P was among the agencies that advanced Gr...
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Revenues at 4.77 bln in Oct, beating target for fourth straight month
EconomyThe final budget execution to October confirmed preliminary figures, released by the Ministry of Finance (MoF) on November 13, showing revenues beating monthly targets by 763 million euros for the fourth straight month. The year-to-date previous revenue shortfall, which peaked to 1.61 billion euros
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Tax chief's departure brings coalition revenue plans under scrutiny
PoliticsGreek Politicseuros. #Greece new unpaid taxes at €763 mln in Apr (from €1.21 bln in Mar) & at €4.33 bln year
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Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomyperiod. This implies an average figure exceeding 1 billion per month. Although the April figure of 763
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Unpaid taxes keep rising, tax audits short of targets
EconomyMacroeconomyGreece’s unpaid taxes rose by 873 million in May at a slightly accelerating pace compared to the 763 million recorded in April, according to data provided by the General Secretariat of Information Systems. Following May’s performance, the year to date figure of new unpaid tax obligations stands
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Unpaid taxes rose by 1 bln a month in H1 2014, collection targets missed
EconomyMacroeconomyThe rate of increase in Greece’s unpaid taxes accelerated to 1.03 billion euros in June from 873 million in May and 763 million in April, according to data provided by the General Secretariat of Information Systems, which also revealed that most tax collection targets are being missed. The June
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Primary cash surplus widens to 2.85 bln in Q1
EconomyMacroeconomyGreece’s central government primary cash balance improved to 2.85 billion euros in the first quarter (Q1) of 2016 from 1.19 billion last year, Bank of Greece (BoG) figures showed on Wednesday. In March, the primary cash surplus widened by 11.1 percent to 763 million from 687 million
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Newsletter 121 - 02/06/2017
is almost attributed to corporate sector net additions of 763 million outpacing household lending deductions
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Back from the brink: What next for Greece's property market?
EconomyFeaturesnews was that US investment fund Fortress was in talks to take on a 90 million euro bank loan from
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