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Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend
Economyin the first quarter of 2014 outperformed its target by 641 million mainly due to the exceptionally strong... revenues compared to the preceding two months. Despite a drop in revenues (excluding tax refunds..., indirect taxes eased 3.8 percent to 5.44 billion, stemming from a moderate drop in VAT revenues
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Greek economy contracts 0.9 pct in Q1, slowest pace since Q1 2010
EconomyMacroeconomy-digit drop for the first time since Q1 2010. Official forecasts foresee a 5.3 percent rise in 2014 after a 12.8 percent drop last year. Taking into account Q1 performance, this specific target seems..., the highest since Q1 2008, mainly reflects strong tourism with the turnover in accommodation and food services
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Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July
EconomyMacroeconomyhigh of 4.71 billion in January. The strong revenue rebound is mainly attributed to the payment... in July. Nevertheless, the 7-month figures still indicate a year on year drop of 2.2 and 4.4 percent... on year. The 7-month figures indicate a drop of 17.6 and 0.6 percent respectively. Note
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Travel receipts up again in September, reaching 2.3 bln
EconomyMacroeconomy. However, the strong rebound in volumes was mitigated by an 8.8 percent drop in the travel spending... international tourist arrivals, up by 23 percent to 3.64 million euros, mitigated by a drop in the travel... in arrivals and the drop in receipts, Germany remains the country with the highest arrivals
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Travel receipts increase 16.2 pct in Feb as arrivals shoot up by 56.2 pct
EconomyMacroeconomyattributed to soaring international tourist arrivals (up 56.2 percent) to 509,200. However, this strong volume was to a large extent offset by a marked drop in travel spending per trip by 24.8 percent... percent) and Germany (+32.5 percent). On the flipside, Russia and USA recorded a drop in incoming tourist
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Building activity up by 6.2 pct in April for third straight rise
EconomyMacroeconomy, surface and volume recorded a drop by 6.3 and 3.6 percent respectively following a strong rise by more... a slower lower drop (-3.5 percent), while volume exhibited a modest growth of 1.3 percent over... Aegean (+150 percent), also reflecting a low base effect, while strong growth was also recorded
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Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
EconomyMacroeconomy). The drop in July is largely attributed to the imposition of capital controls. It is the first... in the 7-month period was recorded in May at 13,000. Following the sharp drop in July, the aggregate.... After a sharp drop by more than 30 percent per annum in the 3-year period until 2012, the number
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyin Q2. Flash estimates had indicated a 0.7 percent QoQ drop in Q2. For the first half of the year... formation dived by 10.6 percent QoQ in Q2 after an 8.4 percent drop in Q1 amid uncertainty and restrained... of services by 2.2 percent offsetting a drop by 2.3 percent in exports of goods. The first half figures
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Newsletter 42 - 11/09/2015
and 1.3 percent in 2016, turning to a strong growth rate of 2.7 percent in 2017. These are in line..., to 19.7 billion at the end of June 2014. The sharp drop of bank share prices in the last weeks of 2014... points. This should allow Tsipras’s party to seek an alliance with others and have a strong enough
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Newsletter 45 - 02/10/2015
a strong relationship with the party heavyweights. Mitsotakis, who has staged the most prominent campaign... built a strong base of supporters in northern Greece. Tzitzikostas can also argue that, unlike..., the highest drop for two years, after a 1.7 percent decline in June. The fall is mainly due to the imposition
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