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Budget primary surplus of 4.54 bln in 9-month below target despite underspend
EconomyMacroeconomymonths of 2017, increasing by 19.4 percent against last year’s figure of 3.81 billion euros, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday. The primary surplus... in a row to come to 999 million euros, picking up pace from August’s figure of 520 million euros
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Eurobank raises 500 mln with covered bond issue
EconomyBankingare gradually increasing confidence in both investors looking to Greece and the country’s systemic banks.... Eurobank’s covered bond sale, the second from a Greek bank within the month, will contribute towards easing the concerns of the country’s lenders over the large pile of non-performing loans (NPLs
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Eurogroup marks start of countdown for prior actions
EconomyProgrammeGreece is not on the official agenda for Monday’s Eurogroup meeting, although eurozone finance... on which there is not complete agreement is next year’s fiscal gap. Although the International Monetary... with a primary surplus of 2.2 percent of GDP, the possibility remains that Greece’s European partners
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Eurogroup sees review conclusion in sight, warns over property auctions
EconomyProgrammeMonday’s Eurogroup appeared to send an upbeat message regarding the prospects of the third review... Pierre Moscovici after yesterday’s meeting in Brussels. He spoke of the third review coming...-performing loans (NPLs), which has become one of the hot-button issues in the current review. Draghi’s
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Minister proposes way forward for auctions as pressure mounts from banks, creditors
EconomyProgramme. This prompted concern within the government and among Greece’s lenders because property auctions... of the strategy for reducing banks’ exposure to non-performing loans ahead of next year’s stress... cannot be completed. European Central Bank president Mario Draghi also raised the issue at Monday’s
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Tsipras invites Middle East investment at second EU-Arab summit
PoliticsForeign Policy. Referring to the reforms undertaken in recent years, Tsipras said that his government’s goal... Anastasiades, the UAE’s Minister of Economy, Sultan bin Saeed Al Mansouri and the President... supply,” Maros Sefcovic, Vice President of the European Commission’s Energy Union said in his speech
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Net job hirings balance turns negative by 98,420 in October
EconomyMacroeconomy, data from the Labour Ministry’s Ergani information system revealed. The month’s figure is the third... to October last year, when a negative balance of 82,810 was recorded, this year’s figure has worsened...’s figure of 162,195. The number is the highest reading for the 10-month period since 2001 when
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Budget primary surplus at 5.36 bln in 10-month, exceeding target on lower expenditure
EconomyMacroeconomy, increasing by 10.2 percent against last year’s figure of 4.86 billion euros, the Finance Ministry... for a seventh consecutive month to stand at 812 million, declining from September’s figure of 999 million... of deficit. Revenues Gross revenues declined by 2.7 percent to 4.92 billion compared to last month’s reading
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Coalition appears to reach common ground with notaries over property auctions
EconomyProgrammeThe government believes that it has reached an understanding with Greece’s notaries that will lead... spring’s enhanced stress tests by the Single Supervisory Mechanism (SSM). One of the first proposals.... The Finance Ministry said that the coalition had agreed to make changes to Greece’s criminal code
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Primary cash surplus at 2.88 bln in Oct on higher expenditure, arrears payments
EconomyMacroeconomyGreece’s central government primary cash balance came to a surplus of 2.88 billion euros... of Greece (BoG) data revealed on Friday. The BoG notes that this year’s figure includes arrears.... As noted previously, this year’s figure includes a one-off item of around 2 billion euros related
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