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VAT, income taxes help push May budget primary balance above target by more than 3 bln
EconomyMacroeconomybalance is better than the target by 3.33 billion euros. Revenues Net revenues for the period stood... million higher than the target. Excise tax revenues were 2.63 billion, 73 million lower the target... to 6.16 billion Euros, 633 million higher than the target. Tax refunds came to 2.71 billion euros
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraas NPLs (repayment delayed by more than ninety days) reaching 22.9 per cent. Such staggering NPL... bankers involved in the negotiating process, the offers put on the table have been nothing less than... Reestructuración Bancaria’ (Company for the Management of Assets proceeding from Restructuring of the Banking
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Between the sword and the olive branch: Dilemmas of Greek diplomacy
Agora. Rather than the basis for a long-term foreign policy strategy, this tactic bears the hallmark of a "my... to view the dispute in less cut-and-dried terms than it is seen in Athens, Nicosia and Ankara... of the Cyprus problem is not the only reason that the EU and the US are proceeding with caution. The growing
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingwith the auction of around 350 properties, which is 70 percent more than across the full year of 2016. P&L NII... with a group of investors rather than a public issue. The bond was placed with the European Investment... 2017, with a 37 percent decrease in NPEs. The bank noted that it is proceeding with two NPE sales
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PM sees 'new Greece' rising from Hellinikon rubble, pledges more aid for struggling firms
PoliticsGreek Politicsas a publicity stunt, noting that just five of the 900 buildings are being demolished one year, rather than one... that saw a decline of more than 35 pct in their revenues will not have to pre-pay any tax, while those... wrangles and political machinations, all of which prevented the Hellenikon redevelopment from proceeding
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Summer season looks under threat as revenues fail to materialise
EconomyMacroeconomyand regional airports is down by more than 70 percent compared to last year. The seats offered... in July, 196 cases related to travel were recorded out of 326 in total. This was more than 60 percent... by air and proceeding overland the rest of the way. As a result, not only are traveller numbers subdued
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Surprise handout announcement provokes storm of criticism from opposition
PoliticsGreek Politicsin their disposable income over the past two years than most of their fellow Europeans. The scope of the new.... The latest, carried out by Alco for Open TV, found that fewer than 1 in 5 respondents saw... that vaccinations are still not proceeding at the desired rate, and that while there is high demand for booster
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports... by 211 million and lower services surplus by 184 million more than offsetting an narrowing... 1.9 times higher than exports, at 12.55 and 6.72 billion respectively, the goods’ deficit improved
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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomyGreece's current account (C/A) deficit more than halved to 708.1 million euros in March from 1.48...’ deficit by 438 million and an increase in the secondary income surplus by 99 million. This more than... and a rise in the primary and secondary income balances by 487 and 170 million respectively more than
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Primary cash surplus more than doubles to 2.8 bln in first half of 2016
EconomyMacroeconomy. The monthly balance figure also remained positive at 101 million euros in June but more than halved... deficit stood at 318 million more than doubled from last year’s figure of 147 million. The improvement.... It should be noted though that the accounting method of MoF is different than the one applied
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