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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomywill contract 0.3 percent in 2016, in line with the European Commission forecast, due to a drop in private... rate of 5.9 percent to 26.27 billion in 2017. Primary expenditure is projected to drop 2.7 percent... to 318.67 billion, but the debt ratio is projected to drop to 174.8 percent due to the rise
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Disposable income drops by 2.3 pct in Q3 on sharp rise in taxes
EconomyMacroeconomy) of 2016, when it decreased by 2.3 percent compared to a slight drop of 0.3 percent recorded in Q2... billion euros in Q3 still entails a sharp drop of 32.6 percent or 6.89 billion below that in Q3 2010... soared 19 percent to 3.23 billion in Q3 after a short-lived drop by 1.1 percent in Q2. Since 2009
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Current account deficit widens to 933 mln in December, 2016 balance turns to deficit of 1.1 bln
EconomyMacroeconomyto a significant drop in the services surplus by 1.61 billion and to a lesser extent a worsening in the primary... to that of exports. The marked drop in the services’ balance largely reflects a significant decrease... bonds and T-Bills, which more than offset a drop in their foreign equity holdings
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Eurosystem funding down by 535 mln in April, ELA falls for second straight month
EconomyMacroeconomythe drop of 535 million euros in April is the lowest in this series, Bank of Greece's (BoG) monthly.... Almost two thirds of that marked drop (44.67 billion) relates to lower reliance on ELA funding... percent of the total withdrawn liquidity. Despite the modest drop in the ELA funding, the collateral
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankinga short-lived rise by 441 in 2015. The year-end figures for 2016 correspond to a drop of 8.4 and 7.5... branches, which corresponds to a drop of 35.7 percent. The number of bank employees has been reduced... banks from the Greek market resulted in a sharp drop of their assets in Greece from 38.54 billion
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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyreduced by 2.3 percentage points (pp) on the back of a drop in the number of unemployed by 115,943... percent in June from 21.6 percent in May on the back of drop in unemployed by around 75,600 to finish.... The unemployment rate for men fell to 17.9 percent, a decline of by 1.9 pp year-on-year. The largest drop
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Turnover in services sector shows mixed picture in Q3 2017
EconomyMacroeconomyshowed on Friday. Specifically, six of the 15 services posted a drop in the current quarter, the same... the last five years, the figures revealed that the largest drop since Q3 2012 came from services... that the index declined by 0.8 points to 13.6, the second consecutive drop. In the year to date
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeatureswas a roughly 25 percent rise in unemployment in tandem with a 27 percent drop in GDP. The study, titled... due to a cumulative 21.8 percent drop in wages across the six years, but also due to an increase... by more than a third, the drop in the price index did not exceed 2.7 percent. In the wider manufacturing
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Consumer price index turns positive in February with 0.1 pct rise
EconomyMacroeconomy, education and hotels and restaurants. These were partially offset by prices drop in various food... and recreation. The month-on-month drop of 0.1 percent is attributed to price drops noted in alcohol and tobacco, clothing and footwear by 5.4 percent due to the winter sales, a price drop in heating
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Turnover in services sector shows improvements in Q4 2017
EconomyMacroeconomyrate of growth was noted in telecommunications (+5.3 percent). Five of the 15 services posted a drop... that the largest drop since Q4 2012 came from management and consultancy activities (-43.5 percent... in December showed that the index declined by 0.2 points to 13.4, the third consecutive drop. Across
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