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Greek budget primary surplus up to 3.53 bln at end of November despite revenue shortfall
EconomyMacroeconomyGreece’s budget execution showed the primary surplus widening by 879 million euros to 3.53 billion in the 11-month period from 2.65 billion in the 10-month, according to the Finance Ministry (MoF) preliminary budget bulletin. As a result, the year to da...
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Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln
EconomyMacroeconomyGreece’s budget execution posted a primary surplus of 3.57 billion euros in the 11-month period, according to the Finance Ministry (MoF) final budget bulletin. This is 33 million euros higher than the preliminary figure released on December 12. The fina...
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Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
EconomyMacroeconomyAfter a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...
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Greek retail sales back on upward course in October after brief dip
EconomyMacroeconomyAfter a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index rose by 0.5 percent in October, according to the Hellenic Statistical Agency (ELSTAT). This was the fourth positive reading in the last five months and the...
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Papandreou's bid for new role in Greek politics far from simple task
PoliticsGreek PoliticsFormer Prime Minister George Papandreou is expected to unveil his new party on Saturday, in time for it to take part in the January 25 elections. The precise details of the personalities and policies that will make up the party are not yet known but it ...
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Greek unemployment drops slightly to 25.8 pct in October on lower jobless
EconomyMacroeconomyThe seasonally adjusted (SA) unemployment rate eased for the second successive month to 25.8 percent in October from an upward revised 26 percent in September, according to the Hellenic Statistical Agency (ELSTAT). The headline figure for October is the...
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Greek economic sentiment and consumer confidence fall sharply in December
EconomyMacroeconomyAfter improving in the preceding two months, Greece’s economic sentiment (ESI) fell by 3.8 points to 98.9 in December from 102.7 in November, according to the European Commission (EC). The ESI figure for December is the lowest reading since Apri, while ...
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Greek exports rise by 6.6 pct in November to trim trade deficit
EconomyMacroeconomyThe drop in Greece’s trade deficit accelerated to 10.7 percent in November after easing by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). In absolute terms, the trade deficit reached 1.46 billion euros in November, whi...
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Undecided voters could still decide crucial aspects of Greek elections
PoliticsGreek PoliticsA total of 9,834,970 Greeks are registered to vote in the January 25 elections but the result could still be shaped by around 1 in 10 voters who have yet to make up their minds. Opinion polls indicate that a lot of Greeks have yet to decide who they wil...
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Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln
EconomyGreece’s budget execution showed the primary surplus shrinking by 1.7 billion euros in December ending the year at 1.87 billion from 3.57 billion in the 11-month period, according to the Finance Ministry (MoF) final budget bulletin published on Monday. ...
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