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Newsletter 286 - 26/02/2021
, apparel and jewellery - sales plummeted by up to 50 pct. Government officials are also painfully aware that keeping shops closed carries a huge cost for the state budget. Each week that goes by with the retail sector closed costs the budget around 500 million euros. The resumption of economic activity
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Reshuffle and handouts put on ice as New Democracy closes ranks ahead of local elections
PoliticsGreek Politicssubstandard infrastructure which failed in last week’s floods. Budget rewrite The outlines of a revised budget were given by Finance Minister Costis Hatzidakis in an interview with ANT-1 TV on Wednesday... in emergency spending is set to be included in a supplementary budget. In order to meet the government’s
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Parliament's budget office warns government to move quickly
EconomyMacroeconomyIn its latest quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged the new Greek government to move fast in order to reverse the negative climate created by snap... reached an agreement with lenders. The budget office notes that if an agreement is not reached
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Parliament Budget Office sees Greece heading for recession on back of uncertainty
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty. According to the body, elections, the ongoing... there will be a deal or rift with the institutions are all adding to the uncertainty. The budget office also
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Parliament's budget office stresses need for reform, protecting growth prospects
EconomyMacroeconomyThe need for adjustment to return to growth and the importance of implementing are among the key highlights of the quarterly report of the Parliamentary Budget Office (PBO). The third memorandum... budget, similar to those implemented in the previous crisis years, hamper growth prospects. The report
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Parliament's budget office sees obstacles to recovery, warns on private debt
EconomyMacroeconomyIn its quarterly report published on Monday, the Parliamentary Budget Office (PBO) notes that the macroeconomic developments in Greece in the third quarter (Q3) sent mixed signals. In particular... in its interim report published on October 19 that showed the 2017 draft budget is expected to have
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Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation
EconomyMacroeconomyto capital markets, according to the Parliament Budget Office's (PBO) first quarter (Q1) report... it is sustainable and did not result from a growing economy. Pressure on the budget over the medium and long
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Budget primary surplus confirmed at 1.85 bln in January
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 1.85 billion euros in the first month of 2018, beating the forecast by 1.13 billion euros, the Finance Ministry (MoF) final budget execution bulletin revealed on Monday. The driving factor was a combination of a fall in expenditure and a rise
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Budget primary surplus beats Jan target by 706 mln on significant underspend
EconomyMacroeconomyGreece’s Finance Ministry issued on Friday the first budget execution update for 2019, with the preliminary data showing that the primary surplus settled at 603 million euros, against a deficit... on the budget execution is expected on January 25.
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Budget primary balance confirmed at 729 mln in January
EconomyMacroeconomyThe budget primary balance was confirmed at a primary surplus of 729 million euros in the first month of 2019, beating the forecast by 832 million euros, the Finance Ministry (MoF) final budget execution bulletin revealed on Tuesday. In the same period last year, the primary surplus came to 1.80
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