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Current account surplus at 1.41 bln in Aug on back of improving travel receipts
EconomyMacroeconomyGreece posted a current account (C/A) surplus of 1.41 billion euros in August, from a surplus of 538.1 million euros in July, according to Bank of Greece (BoG) data released on Thursday. In August 2020, the balance showed a deficit of 150.8 million euro...
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Economic sentiment back up to pre-pandemic levels, reaching 113.4 pts in Nov
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued improving in November, rising by 1 point month-on-month (MoM) to 113.4 points, following a 3.7-point rise in October, according to European Commission figures released on Monday. Economic sentiment had been im...
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Budget primary balance up to Feb beats target by 1.09 bln on back of underspend
EconomyMacroeconomyThe budget primary balance for the first two months of 2022 came to a surplus of 847 million euros, compared to a deficit of 1.5 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data releas...
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Travel balance back to normal, but Apr C/A deficit of 1.62 bln impacted by goods deficit
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 1.62 billion euros in April, from a 2.33-billion-euro deficit in March, Bank of Greece (BoG) data showed on Monday. In April 2021, the balance showed a deficit of 2.07 billion euros, while in April 2020 t...
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomyThe budget primary balance for the first five months of 2022 came to a deficit of 1.49 billion euros, compared to a deficit of 8.14 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data relea...
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Opposition parties step up pressure after back-and-forth over election date
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis may have taken the possibility of snap elections off the table, at least for now, but the opposition parties are showing no appetite for letting up in their efforts to improve their standing ahead of the next vote. SYR...
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Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul
EconomyMacroeconomyThe budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released o...
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Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
EconomyMacroeconomyThe budget primary balance up to July 2022 came to a deficit of 1.17 billion euros, compared to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday. ...
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Mitsotakis hits back at Erdogan's rhetoric, but leaves door open for meeting
PoliticsForeign PolicyDuring Sunday’s press conference at the Thessaloniki International Fair (TIF), Prime Minister Kyriakos Mitsotakis sought to rebut the latest aggressive rhetoric emanating from Turkish President Recep Tayyip Erdogan, while not ruling out the possibility ...
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PM hits back at surveillance list claims, falls out with ally
PoliticsGreek PoliticsKyriakos Mitsotakis used a televised interview to deny the latest allegations in the surveillance affair, which had him eavesdropping on his own cabinet ministers and some of the country’s most powerful businesspeople, as well as political opponents and...
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