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Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
EconomyGreece’s budget execution showed the primary surplus narrowing to 1.95 billion euros in the 8-month period from 2.28 billion in the 7-month, according to the preliminary data released by the Ministry of Finance (MoF). This implies a primary deficit of 3...
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Greek central government primary cash surplus to August at 2.3 bln
EconomyMacroeconomyGreece’s central government primary cash balance turned to a surplus of 2.32 billion in the 8-month period from deficit of 3.21 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation of 5.53 billion year on year. T...
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Greek primary budget surplus to August narrows to 1.95 bln on lower revenues
EconomyGreece’s budget execution showed the primary surplus narrowing to 1.95 billion in the 8-month period, according to the final data released by the Ministry of Finance (MoF). The surplus for the 7-month period had been 2.28 billion euros. Tuesday’s figure...
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Greek trade deficit widens by 29.4 pct in July as import rate soars
EconomyMacroeconomyThe rate at which Greece’s trade deficit is expanding was back into double digits in July, when it increased by 29.4 percent from 7.4 percent in June, according to the Hellenic Statistical Authority (ELSTAT). In absolute numbers, the headline figure hik...
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Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
EconomyMacroeconomyAfter a short-lived year on year (YoY) rise of 2 percent in Q1, the seasonally adjusted Wages Index fell 1 percent in Q2, while it remained stable quarter on quarter (QoQ), according to the Hellenic Statistical Authority (ELSTAT). The index covers the t...
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Ministry of Finance - 2015 Draft Budget (In Greek)
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Greek exports down 5.9 pct in August, imports also fall 16.4 pct
EconomyGreece’s exports continued heading south for the second successive month in August, dropping by 5.9 percent, according to the flash estimates of commercial transactions released by Hellenic Statistical Authority (ELSTAT) on Wednesday. The 12-month trail...
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Greek economic contraction during crisis higher at 24.6 pct, revised data shows
EconomyMacroeconomyThe Hellenic Statistical Authority (ELSTAT) released on October 10 a revision of national accounts for 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than the previous ESA 1995 before, which produced a deeper reces...
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
EconomyGreece’s budget execution showed the primary surplus widening to 2.53 billion euros in the 9-month period from 1.95 billion in the 8-month, according to the preliminary data released by the Ministry of Finance (MoF). The improved month on month (MoM) pe...
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Fiscal consolidation leads Greek 9-month primary cash balance to 2.76 bln
EconomyMacroeconomyGreece’s central government primary cash balance showed a surplus of 2.76 billion euros in the 9-month period, from deficit of 3.32 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation in excess of 6 billion year...
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