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Primary cash balance turns to 295 mln deficit in Q1
EconomyMacroeconomyGreece’s central government primary cash balance turned to a deficit of 295 million euros in the 3-month period of 2017 from surplus of 2.85 billion a year ago, Bank of Greece (BoG) figures showed... surplus was broadly similar to the BoG figure. It should be noted, though, that MoF and BoG apply
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Eurosystem funding down by 535 mln in April, ELA falls for second straight month
EconomyMacroeconomythe drop of 535 million euros in April is the lowest in this series, Bank of Greece's (BoG) monthly... pledged with BoG rose by 610 million euros to 98.36 billion, while that for ECB funding edged down by 290 million to around 23 billion. The BoG figures also showed that banknotes in circulation
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Current account deficit widens to 1.3 bln in March
EconomyMacroeconomy772.4 million a year ago, Bank of Greece (BoG) figures showed on Monday. The deterioration largely... and 2.58 billion, respectively, while the goods deficit stood at 1.96 billion. The BoG noted... by 21.8 percent to 11.77 billion, while exports also rose by 21.1 percent to 6.71 billion. The BoG
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Apartment prices decrease at a sharper pace by 1.8 pct in Q1
EconomyMacroeconomyquarter (Q1) of 2017, following an upwardly revised drop of 1 percent in Q4 2016, Bank of Greece (BoG... the 7-year period. The BoG did not provide an update of the transaction-related indices regarding... by 26.7 percent since the end of 2010 on net deductions of around 22 billion over the period. The BoG
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Newsletter 120 - 26/05/2017
at a faster pace by 7.8 percent to 203.3 million in March, Bank of Greece (BoG) figures revealed... billion in March from 772.4 million last year, BoG figures showed. The deterioration largely reflects...) in the first quarter of 2017, following an upwardly revised drop of 1 percent in Q4 2016, BoG data
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The conundrum of Greek olive oil exports
EconomyFeaturesto the Bank of Greece (BoG), only around 27 percent of the 300,000-plus tonnes which Greece exports per annum is standardised. In Spain, the figure is 50 percent and in Italy, 80 percent. The BoG’s 2015 report... would be. The BoG estimates that “a shift from bulk to branded olive oil and a more efficient
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Newsletter 129 - 28/07/2017
in April, according to Bank of Greece (BoG) data. Specifically, receipts stood at 1.09 billion in May... contraction accelerated for the second straight month, reaching 1.3 percent in June from 1 percent in May, BoG... billion from 638 million in May, BoG figures revealed. As a result, the outstanding balance climbed
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturesto a May 2017 Bank of Greece (BoG) study, before the imposition of capital controls in July 2015... for, a sharp rise in VAT collections could be tied to this increase in card payments, the BoG noted... the problem. BoG’s May 2017 report also notes the main stumbling block for the pattern that has emerged
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Capital controls to ease further from the beginning of September
EconomyMacroeconomy. Furthermore, on Thursday, the Bank of Greece (BoG) announced that the European Central Bank lowered the ELA ceiling for Greek banks by a further 1.6 billion to 38.9 billion until September 7. However, a BoG... have been useful in encouraging the use of electronic payments rather than cash, BoG has noted
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Newsletter 131 -15/09/2017
in August when it reduced by a further 5.1 billion euros, Bank of Greece's (BoG) monthly financial... of this decrease attributed to lower ELA funding. The BoG figures also revealed that the banknotes... the lowest reading in the last four years. Bank of Greece (BoG) figures showed that travel receipts rose
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