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Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Tuesday evening the final version of the 2018 budget, which the government hopes will be the last budget of the memorandum era as the current European Stability Mechanism programme is set to be completed in A...
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Strong interest as Greece issues first 52-week T-Bill in almost eight years
EconomyGreece took another step on Wednesday towards restoring its relationship with the markets and building its yield curve by issuing a 52-week treasury bill for the first time since April 2010. Prior to this issue, the stock of T-Bills stood at just under ...
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Primary cash surplus at 7.72 bln in March on strong underspend
EconomyMacroeconomyGreece’s central government primary cash surplus recorded a surplus of 7.72 billion euros in the first three months of the year, Bank of Greece (BoG) figures showed on Wednesday. The headline figure includes an arrears’ repayment of 457 million euros, o...
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Strong deposit growth of 1.14 bln noted in March
EconomyMacroeconomyNet deposit movement in the Greek banking system turned strongly positive in March, with inflows of 1.14 billion compared to inflows of 59 million in February, Bank of Greece (BoG) figures revealed on Monday. The headline figure for the month represents...
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GDP up by 2.3 pct year-on-year in Q1 on strong export growth
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP grew by 0.8 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2018, after an upwardly revised increase of 0.2 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional esti...
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Strong receipts push travel balance up by 15.9 pct in July
EconomyMacroeconomyGreece’s travel balance rose by 15.9 percent in July, almost unchanged from the increase of 16 percent in June, Bank of Greece (BoG) data revealed on Friday. Receipts came to 3.38 billion euros for the month, an increase of 14.4 percent. Travel payments...
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Greece attracts strong interest and yield below 4 pct for first 10-year bond since 2010
EconomyThe positive sentiment around Greek sovereign debt, which has been evident since the turn of the year, manifested itself again on Monday when Greece opened the book-building process for a new 10-year benchmark. The maturity duration that Greece had not ...
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Strong showing in local elections for ND as it targets majority in national vote
PoliticsGreek PoliticsNew Democracy strengthened on Sunday its political comeback with several significant gains in the second round of local elections, while a new opinion poll suggested that the centre-right party is on course to win a clear majority in the national vote n...
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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingPiraeus Bank’s closely watched Tier II bond issue was deemed a success after raising 400 million euros on Wednesday. In total, bids of over 850 million euros were submitted. On its website, the bank announced that it had “successfully completed the book...
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Mitsotakis pleads for strong mandate as polls suggest ND heading for landslide win
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis held his main campaign rally in Athens on Thursday night, urging voters to give him clear mandate to govern even though the latest opinion polls suggest that the centre-right party is already on course for an out...
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