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CPI up by 0.9 pct in August, staying positive for eighth consecutive month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.9 percent in August, edging down from July’s figure of 1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. August’s headline figure... slightly from July’s figure of 0.9 percent. August’s figure was driven mostly by a rise in prices
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Opposition pressures SYRIZA by refusing to support bills ANEL dodges
PoliticsGreek Politicsto operate despite a 2008 decision from the ECHR. A court in Thrace deemed the European court’s verdict... of connection with the leftist’s party’s core supporters. The other implication of the decision taken... not have the government’s full support will please those within New Democracy and PASOK who felt
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Coalition banks on surplus transfers, waits for Hellenikon verdict
PoliticsGreek PoliticsThe government is hoping that the distribution of an ample excess primary surplus from this year’s..., which was submitted to Parliament on Monday. The economic plan foresees this year’s primary surplus.... The prime minister’s office reacted angrily to last week’s postponement of KAS’s latest meeting
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Greece bottom of table for gender equality progress in EU
Societyinitiatives,” the report states. Out of the index’s six core domains, the most improvement was made... to 14th. However, this is still below the EU average. Overall, the EU’s score is only four points higher than a decade ago at 66.2 out of 100. “We are moving forward at a snail’s pace. We are still
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Opposition parties seek renewal as Tsipras visits Washington
PoliticsGreek Politicsin Washington on Tuesday afternoon, Greece’s opposition parties tried to ensure that the SYRIZA leader did... if he becomes prime minister. A big part of Mitsotakis’s message since he upset the odds to become... Democracy’s website, is also part of an attempt by Mitsotakis and his aides to generate new momentum
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Primary cash surplus at 1.75 bln as expenditure rises in Sept
EconomyMacroeconomyGreece’s central government primary cash balance came to a surplus of 1.75 billion euros..., Bank of Greece (BoG) data revealed on Thursday. The BoG notes that this year’s figure includes arrears... a year ago. As noted previously, this year’s figure includes a one-off item of around 2 billion euros
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Sub-tranche released but PPC poses key challenge in review
EconomyProgramme. Monday’s disbursement takes ESM financial assistance for Greece as part of the third programme to 40.2... by then, it is likely to stretch into early 2018. A decision on what will be done with this year’s excess... state of PPC’s finances was one of the topics of discussion during the recent visit by the mission
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General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus amounted to 5.34 billion in the first nine... to the Finance Ministry’s (MoF) monthly gg bulletin. As in previous months, social security funds... the previous month’s figure of 46 million euros. The figure for the same period last year was 500
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Athens eyes ample cash buffer, prepares for bond swap
EconomyProgrammehighlighted the government’s plans for creating an ample cash buffer before it exits the third... place. The total amount is intended to be enough to cover Greece’s debt servicing obligations... to roll over its debt. The minister also told the committee that this year’s primary surplus, under
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingEurobank’s results for the third quarter (Q3) of the year showed net profits after income tax... year’s figure of 191.7 million. Factoring in discontinued operations and restructuring costs, net... significantly by Eurobank’s sale of a package of unsecured consumer loans with a nominal value of 1.5 billion
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