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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomyand net revenues which more than offset lower expenditure. Revenues excluding tax refunds rose 6.1... revenues remained almost flat year on year at 4.39 billion, falling short of target by 274 million... in January to 2.95 billion euros, 405 million better than the target. Interest payments eased 9.2
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Greek deflation slows to 1.5 pct in January
EconomyMacroeconomyin January decelerating from the 3 percent recorded in December. Communication - where prices remained flat.... The headline figure for 2013 was negative at -0.9 percent for the first time after more than 45... demand stemming from the ongoing impact of the austerity measures rather than a rationalisation
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Greek primary budget surplus doubles to 835 mln in Jan but below target
EconomyBudget (PIB) expenditure and tax refunds which more than offset lower expenditure. Revenues excluding.... As a result, net revenues remained almost flat year on year at 4.39 billion, falling short of target by 274... better than the target. The sharp drop mainly reflects a drop in grants to social security sector
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Greek deposits down 0.3 pct in Feb, credit contraction stable
EconomyMacroeconomymore than counterbalancing the coincidental inflows of 2.35 billion recorded in December. The monthly negative flow reflects savings and sight outflows of 323 and 269 million respectively more than... net deductions remained almost flat at 314 million from 306 million in January. In particular, housing
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Primary surplus at 2.1 bln in Feb, ahead of budget execution target
EconomyMacroeconomyGreece’s budget execution showed a primary surplus of 2.1 billion euros to February, more than five times higher than the 487 million posted in the corresponding period last year, according... at 1.56 billion from just 32 million in January. At the same time, PIB expenditure remained flat
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Greek retail index dropped 4.3 pct in January
EconomyMacroeconomydue to increased sales during the Christmas period more than offsetting the impact from the launch... the drawn-out revival in domestic consumption. The turnover headline index settled 28 percent lower than.... The only exception was evident in November 2013 when it stayed flat year on year (YoY), following
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Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend
Economyof 2014, three times higher than the 520 million posted in the corresponding period last year, according... respectively. Despite remaining flat month on month, tax refunds to March increased by 230 percent YoY... billion, 823 million better than target. The exceptionally strong PIB revenues of 1.56 billion
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Eurostat 2012 figures raise questions about Greece's tax policy
Economythan a rise in the tax revenues. The breakdown shows that 41.9 percent of 2012 Greek tax revenues..., the Greek implicit consumption tax rate remained flat year on year at 16.2 percent remaining 3 pps lower than that of the euroarea. Comparing the whole set of figures (tax revenue as a percentage
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankingcost cutting in Greece (-4.9 percent), while international expenses remained flat in the quarter... corresponding to 14.7 percent of gross loans. More than half of restructured loans are performing (past due less than 90 days). After easing to around 4.3 percent in the preceding two quarter, cost of risk
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Unemployment rate at 25.7 pct in Jan, lowest since Aug 2012
EconomyMacroeconomya smaller improvement by more than 3.5 pp to 34.1 percent, while unemployment in 35-44 age group remained flat YoY at 23.3 percent. The next two age groups (45-54 and 55-64 years old) displayed a YoY... improvement by more than 4pp over the past 3 months. The most recent official forecasts released
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