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Budget primary surplus at 1.97 bln in 2017 on strong underspend
EconomyMacroeconomyto a deficit of 2.68 billion, worsening from November’s negative balance of 684 million. The full year budget.... The figure represents a rise compared to November’s gross revenues of 4.85 billion. On an aggregate... on last month’s figure of 1.27 billion. Although the figure has risen substantially compared
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HRADF outlines major privatisation plan, no timelines given
EconomyProgrammeneed to be taken next. The government’s plans for privatisations in 2018 are the most ambitious.... In the Ministry of Finance’s preliminary budget figures for December, the total fell short by 247 million.... The HRADF’s assessment also notes next steps beyond appointing an advisor as “HRADF Assessment
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BoG sees ample capital space for banks to sell bad loans
EconomyBankingaction on sales of loans by Greek banks. The study includes Greece’s four systemic banks and three banks of lower significance but high priority, which translates into 99.6 percent of the Greek system’s... of provisions and total coverage ratio including collaterals. The study’s objective is to assess
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Disposable income grows by 0.8 pct in Q3, up from previous quarter
EconomyMacroeconomyon Q2’s growth of 0.2 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday... by 2.1 percent, a slight decline from the previous quarter’s rise of 2.5 percent, and stood..., falling from Q2’s rise of 6.4 percent, and came to 8.23 billion in Q3. Gross savings remained in negative
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Credit contraction remains at 0.9 pct in December
EconomyMacroeconomybalance falling to 183.97 billion euros from November’s figure of 184.96 billion euros. The net lending flow showed a positive balance of 308.7 million euros, increasing on the previous month’s figure of 33 million and remaining in positive territory for a second straight month. December’s changes
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Kammenos dismisses talk of coalition rift but maintains Macedonia name objections
PoliticsGreek PoliticsRepublic of Macedonia (FYROM), where SYRIZA favours a settlement and Kammenos insists that Greece’s... place in Athens to protest the use of Macedonia by Greece’s neighbour, adding that members of his party... that the contradictory nature of Kammenos’s comments have been one of the factors behind SYRIZA officials talking up
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Greece prepares for bond issue, looks to pave way for programme exit
EconomyProgramme18 billion euros to support the country’s exit from the third programme in the summer and to continue efforts that began last summer to re-establish a relationship with investors and bring Greece’s... Moscovici on Thursday. Moscovici will be accompanied by the head of the Commission’s mission
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Athens puts off bond sale, has fiscal concerns to address
EconomyProgrammethe conclusion of the bailout. It remains to be seen if this week’s setback puts this timeline at risk... confirmed figures for 2018. This year’s fiscal performance is also relevant to the decision... a longstanding backpay issue concerning thousands of civil servants. Greece’s highest administrative court
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Athens facing final steps in third review as next milestones identified
EconomyProgrammeThe countdown to next Monday’s Eurogroup, where the third review is due to be officially completed has begun following last week’s visit to Athens by European Economic Affairs Commissioner Pierre Moscovici, who also set out the key milestones for the months ahead. Greece’s lenders are looking
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Travel balance down by 76.3 pct in Dec, annual arrivals beat expectations
EconomyMacroeconomyGreece’s travel receipts fell by 76.3 percent year-on-year in December, compared to a rise of 81.4.... According to SETE’s projections, foreign arrivals were estimated to rise by 1.2 million or by 4.8 percent...’s estimates. Furthermore, travel receipts were foreseen to increase by at least 1 billion and range
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