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OECD sees growth picking up, warns about society and financial sector
EconomyMacroeconomyGreece’s return to solid growth next year, although it issued a conservative forecast for economic... percent in 2018, from a modest 1.4 percent growth in 2017. The Greek Finance Ministry’s latest... with the estimates made by the institutions that monitor Greece’s programme. Like other organisations
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Tsipras focussed on MoU exit in 2018 but will have to avoid pitfalls
PoliticsGreek Politicsin SYRIZA’s ratings since the conclusion of the second review last summer, Tsipras will expect an even... public in the months ahead, this could impinge on Tsipras’s efforts to argue that a sea change is imminent. The government’s anxiety about this issue was also evident in the curt way it responded last
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PMI up to 53.1 in Dec as business conditions improve at fastest pace in over a decade
EconomyMacroeconomyGreece’s Manufacturing PMI increased by 0.9 points in December to 53.1, with the index remaining above the 50-mark threshold for the seventh consecutive month. Markit’s PMI data for the last month... as the main reason for fastest rate of adding workers in the survey’s 18.5-year history. New orders were
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Total overdue tax obligations rise to 100.74 bln, up by 1.19 bln in November
EconomyMacroeconomyGreece’s new tax debt rose by 1.19 billion euros in November, a slight increase on October’s figure... unpaid obligations from tax categories rose by 1.14 billion, edging down against last month’s... stood at 81.1 percent, declining against October’s rate of 83.1 percent. Income tax due rose
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Business balance positive in 2017, small companies continue to dominate
EconomyFeaturesof company are classified on GEMI’s electronic platform. These are public companies (SA), civil non-profit, single traders, limited partnerships (EE), people’s associations, limited liability companies (EPE... the classification of single traders, which is reflected in Greece’s very high number of small
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Coalition approves multi-bill in Parliament, Tsipras picks up extra MP
PoliticsGreek Politicson which Mitsotakis attacked the premier most strongly. He argued that the government’s claim... and his government of mortgaging the country’s future and suggested that voters do not trust..., suggesting she may join SYRIZA’s parliamentary group. Megaloeconomou, previously a lawmaker with the small
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Despite speculation, post-MoU credit line seems unlikely
EconomyProgrammewithout some kind of official sector support. In the BoG’s Interim Report on Monetary Policy for 2017... that could harm financial and monetary stability and to take into account Greece’s long-term macroeconomic... in August. The coalition’s aim, according to the officials, is to create a cash buffer of up to 19
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Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
EconomyMacroeconomyGreece’s central government primary cash balance landed at a deficit of 877 million euros... (BoG) data revealed on Thursday. December’s figure is the first negative year-to-date balance since July 2017. The BoG notes that this year’s figure includes arrears’ repayments of 2.12 billion euros
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Tsipras tries to secure church's support in Macedonia name talks
PoliticsGreek Politicsthe longstanding dispute between Greece and the Former Yugoslav Republic of Macedonia (FYROM) over the latter’s... Makedonija (Skopje). The diplomat also reportedly proposed that FYROM’s language be called.... FYROM’s efforts to join NATO have been frustrated due to the differences with Greece, an existing
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Eurosystem funding rises by 786 mln in December, banknotes in circulation rise
EconomyMacroeconomyin European Central Bank (ECB) funding to 12.06 billion euros. December’s rise in ELA funding was the second time in 2017 since February that the figure has gone up rather than down. February’s increase... for Greek banks would be reduced further by 2.8 billion euros to 22 billion. December’s increase
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