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  1. Questions persist about timing of general elections
    Photo by MacroPolis

    PoliticsGreek Politics

    defeat in the national vote later in the year a foregone conclusion. May or October? Tsipras has yet... at the end of the government’s four-year term in the autumn. A heavy defeat on May 26 would likely... the conservatives’ winning ticket. This could lead to a crushing defeat for Tsipras and his party later in the year

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  2. CPI rises by 0.6 pct in Feb for tenth consecutive monthly increase
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    noted in January and March of the year. The average CPI for the latest 12 months since March 2018.... The harmonised index of consumer prices (HICP) rose by 0.8 percent year-on-year in February. Month-on-month... percent this year from a rise of 0.8 percent in 2018.

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  3. EastMed pipeline close to high-level agreement, but still a long way from becoming reality
    Photo via Flickr https://flic.kr/p/VWenrM

    EconomyFeatures

    per year of natural gas into the European grid. A number of international agreements have been signed... of its product, may not be able to maintain the same level of commitment going forward. This year’s... percent of the EU’s gas consumption, which is also expected to decline year on year after 2025

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  4. Budget primary balance at 823 mln in Feb, beating target with help of higher revenues
    Photo by MacroPolis

    EconomyMacroeconomy

    , down significantly against last year’s figure of 2.70 billion euros, the Finance Ministry (MoF... basis, in the first two months of the year, state budget expenditure increased by 1.57 billion euros... payments came to 787 million euros, showing a decrease of 15.7 percent against the figure from a year

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  5. January current account deficit at 1.18 bln as underlying components deteriorate
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    . The respective figure for a year ago showed a deficit of 695.9 million, meaning that the deficit has worsened by 486.6 million euros year-on-year (YoY). According to the BoG, this was driven by a worsening of all..., leading to a travel balance of 66 million, a strong increase against the balance for last year which

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  6. Primary surplus confirmed at 822 mln in Feb
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 2018, down significantly against last year’s figure of 2.70 billion euros, the Finance Ministry... for the first two months of the year came to 8.97 billion euros, which is 566 million euros lower than... under “Compensation of Employees”. On an aggregate basis, in the first two months of the year, state

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  7. BoG underlines progress in NPE reduction but stresses need for systemic solution
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    to improving banks’ balance sheets. At the end of last year, NPEs stood at a total of 81.8 billion euros... of the NPE stock is under legal protection, which was recently extended to the end of this year... insolvency framework. In terms of provisions, the coverage ratio in the end of last year stood at 47.4

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  8. Central bank points out signs of recovery in business lending
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    of reduction in January this year was -0.9 percent. The rate of reduction of just the businesses loan stock... granted, increased substantially last year, growing by 57 percent compared to the same figure in 2017. On a monthly basis, it reached 952 million euros of new loans. The figure in January this year was 308

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  9. Lenders deem second post-MoU review over, Athens waits for debt relief
    Photo by MacroPolis

    EconomyProgramme

    the end of this year for loans that have been overdue for 90 days as of the end of December 2018. Also, the Greek authorities have committed to unifying in the second half of this year all laws related... will target the loans due this year and next year in its early repayment exercise as they carry a higher

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  10. Trade deficit drops by 3.5 pct in Feb
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit fell by 3.5 percent year-on-year (YoY) in February, compared to an increase... figure for the first two months of the year showed a rise of 4.1 percent in the trade deficit, bringing... an increase of 6.8 percent in the first two months of the year.

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