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Greek current account deficit widens by 27.4 pct in Feb
EconomyMacroeconomyand to a lesser extent from the weakening of the services and secondary income balances by 112 and 87... the impact of oil and ships the goods’ deficit showed a small rise. The drop in the services’ surplus by 18.2 percent YoY primarily reflects lower net receipts from construction services
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomythan offsetting a decline in the services’ balance by 142 million. In addition, the secondary income... billion respectively. The services’ surplus dropped by 3.9 percent primarily due to lower net transport and other services receipts. In contrast, travel receipts improved by 7.3 percent to 3.4 billion
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomyof the crisis. Between 2009 and 2017, exports of goods and services rose from 19 percent of GDP to 33.2... be pinpointed to a much slower level of export growth for the Greek services sector. Internal factors... such as growing competition are the drivers behind low exports of services, particularly regarding
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Newsletter 218 -06/09/2019
to the corresponding quarter last year, private consumption decreased by 0.7 percent. Imports of goods and services showed a YoY rise of 3.7 percent, while exports of goods and services increased by 5.4 percent. Compared to the same quarter in 2018, imports of goods increased by 3.9 percent and imports of services
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EIB investment survey points to diminished investment appetite
EconomyFeatureson their services and product portfolios. Impact was also expected on supply chains (35 percent) and the increased... firms (18 percent) and services firms (21 percent). Seven in ten firms in Greece say they invested... percent in 2019. Looking ahead to the next three years, developing new products or services is the most
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomyof Greece (BoG). The significant improvement mainly reflects an increase in the services’ surplus by 425..., the services’ surplus figure of 3.73 billion in August is the highest monthly reading since 2003, from when data is first available. The widening of the services surplus by 12.8 percent is largely attributed
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomy. In contrast, the trade deficit narrowed by 171 million, the services surplus improved by a modest... percent. The moderate increase in the services’ surplus by 3.9 percent is fully due to improved transport services balance, while travel balance turned negative posting a deficit of 27.9 million euros
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Greek digital economy lagging due to weak demand, lack of skills
SocietyGreece’s digital economy is being held back by a weak demand for internet services, low levels... and digital public services. The survey put Greece at the bottom end of the cluster of low... services remains weak, due to low levels of digital skills. only 59% of the population say
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomyby 196 million year on year (YoY) stems from a widening of the services surplus by 100 million as well... imports rose by 6.5 percent. The widening of the services’ surplus by 11.7 percent largely reflects... by 211 million and lower services surplus by 184 million more than offsetting an narrowing
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgrammeand services among the three VAT categories. The super-reduced rate includes only pharmaceuticals, books...) and water (excluding sewage). All other products and services fall under the basic rate of 23... in their services’ price, it is not yet clear whether a part of it would be absorbed by the firms
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