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  1. OECD sees 3.3 bln euros of savings Greece can make by cutting red tape

    EconomyMacroeconomy

    year. Over three-quarters of these costs accrue in three of the priority areas, namely tax (VAT... at 580 million per year. The main recommendations are: Abolish requirement to publish annual financial

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  2. Politics trumping economic prudence in Greece

    Agora

    if positive growth for the full year is possible. While the Greek Finance Ministry, the International Monetary... households and businesses that haven’t even reached halfway through this year that such a performance

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  3. Greek deposits edge up for second month in April, reach 161.3 bln

    EconomyMacroeconomy

    in the past two months, the year to date net flow remains negative with outflows at 1.93 billion largely... year to date to 62 billion at the end of April from 73 billion at the end of 2013. Citing BoG

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  4. Drop in Greek retail sales accelerates to 3.4 pct in March

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index fell by 3.4 percent year on year (YoY) in March, from a revised -1.9 percent posted in February, according to the Hellenic Statistical Agency (ELSTAT). Similarly, volume eased 0.8 percent YoY from a revised rise of 0.9 percent recorded in February. Both

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  5. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    . This means the reported figures are not comparable year on year but only quarter on quarter (QoQ

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  6. May sees 48.7 pct rise in number of new cars in circulation

    EconomyMacroeconomy

    percent compared to a 7.1 percent drop recorded last year. In addition, the 12-month trailing index... posted in 2013, while a positive growth of 1.6 percent is expected next year.

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  7. Budget execution shows primary surplus of 711 mln, 503 mln ahead of target

    EconomyMacroeconomy

    Greece’s budget execution showed a primary surplus of 711 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the preliminary... narrowed by 48.3 percent to 1.99 billion euros. The MoF revised the full year estimates according

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  8. BoG sees encouraging signs for Greek economy but warns on reforms

    Economy

    this year. On the former, the BoG indicates that business confidence has strengthened with firms... to the slight increase compared to last year’s 0.8 percent is the improvement in the services balance

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  9. Majority of services sectors still see contraction in turnover in Q1 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    ). It is noteworthy that the same activities had also posted a double-digit drop in the corresponding period last year... by a double-digit figure in the corresponding period last year. On the contrary, except information services

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  10. Chinese investments in Greece to be boosted by new agreements

    Economy

    Greece is hoping to sign agreements for investments worth 6-7 billion dollars during the three-day visit of the Chinese Prime Minister Li Keqiang, which comes a year after the Greek Premier Antonis... Prime Minister last year, have expressed their interest in acquiring the 55 percent stake held

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