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Tourist numbers increase by 9.7 pct in 2017, cruise visitors decline
EconomyMacroeconomyfamily made up 4.9 percent and generated revenues of 719.3 million, up by 3.3 percent. Greece’s push... in December, pushing the aggregate figure up by 8.6 percent to 18.3 million. According to SETE’s.... BoG’s full year report confirms that this estimation was surpassed. EU28 visitors rose by 7.9
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IMF raises forecast for primary surplus but differences with European lenders remain
EconomyMacroeconomybeing significantly reduced to 1.5 percent in 2023, which is in line with the IMF’s longstanding view... of GDP in 2023. Greece’s general government revenue reached 48.8 percent of GDP last year... review and the third programme, as well as agreements on the surveillance framework and Greece’s
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Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln
EconomyMacroeconomymonths of 2018, up significantly against last year’s figure of 1.07 billion euros, the Finance Ministry... to a surplus of 899 million recorded in February. Year-on-year, the deficit in March’s primary balance.... Privatisation proceeds in the aggregate period came to 32 million euros, rising against February’s
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Over one in five Greeks struggled to make ends meet in 2017
Society) fell to around 6.7 percent of the bloc’s population, or around 33 million. However in Greece..., the highest since the survey’s records begin in 2003. The data set shows that severe material...). Households reporting pensions as the main source of income has risen compared to last year’s figure
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Retail sales drop by 0.4 pct in Feb, volume down by 0.1 pct
EconomyMacroeconomyGreece’s retail sales declined by 0.4 percent year-on-year in February after January’s increase was revised down to 0.1 percent, according to data published by the Hellenic Statistical Authority (ELSTAT) on Monday. January’s headline figure had been the second positive figure after three
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Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingThe European Central Bank’s (ECB) Banking Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks following the same methodology and approach as the EU... the results were available before the end of the European Stability Mechanism’s Stability Support Programme
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Marginal increase to 20.8 pct for Feb unemployment rate
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate in February was 20.8 percent, edging up slightly from the upward revised figure of 20.7 percent in January, Hellenic Statistical Authority’s... and Epirus have the highest rate with 25.9 percent. The latest data from the Labour Ministry’s ERGANI
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CPI remains unchanged in April
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) remained unchanged in April after a decline in prices of 0.2... was interrupted by January’s headline figure of -0.2 percent, which was the first negative reading since... percent. The Finance Ministry’s projection in the budget sees the HICP rising by 0.8 percent in 2018.
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingPiraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing... widen the pool of loans originating from the 116 companies, to increase the portfolio’s value..., will facilitate our strong and positive contribution to the country’s economic expansion.”
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Ministers urged to speed up reforms as Athens prepares for lenders to return
EconomyProgrammebe politically costly. Fiscal performance During next week’s visit by the institutions, there will also be a closer examination of Greece’s fiscal data for 2017. The government is hoping that the lenders... of the lenders regarding the fiscal performance, has underestimated Greece’s primary surpluses
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