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Economic sentiment drops to 101 in October, consumer confidence rises by 6.6 points
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 0.3 points to 101 in October compared to September... for seven consecutive months now. The latest month’s reading is the lowest since March this year, when... and by 12 points since the start of the year. October’s reading is the most improved in the year so
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Retail turnover increases by 4.3 pct in August, volume rises 3.2 pct
EconomyMacroeconomyGreece’s retail sales index increased by 4.3 percent in August, a slight increase from July’s figure of 4 percent, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The headline index... points and by 12 points since the start of the year. October’s reading is the most improved
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Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget
EconomyProgrammeAll eyes will be on the dispute of Italy’s budget at Monday’s Eurogroup, but in Greece the government is preparing to start legislating fiscal measures even though the disagreement over its own...’s request to keep expenditure on retirees unchanged can be approved. According to Ta Nea, European
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Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup
EconomyProgrammeMonday’s Eurogroup did not provide any definitive answers regarding the negotiations between Greece... to scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary... the creditors stand in relation to Greece’s request to cancel the pension cuts. It may then become clear
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Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
EconomyMacroeconomypercent YoY to 5.25 billion, falling slightly compared to the previous month’s figure of 5.60 billion... the government’s own sources. PIB expenditure rose 5.6 percent YoY to 2.09 billion, falling under... sources while 434 million stemmed from the government’s own sources. Overall, the PIB balance posted
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October deposit inflows turn negative by 345.5 mln for first time since January
EconomyMacroeconomyof the third review and the buildup to Greece’s exit from its adjustment programme in August combined... to 147.98 billion. The BoG’s most recent monthly financial statement showed that Eurosystem funding... for central bank funding comes to 13.20 billion euros compared to September’s sum of 12.23 billion euros
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New overdue taxes jump by 1.4 bln in Sept, with total stock exceeding 104 bln
EconomyMacroeconomyAugust’s increase of 849 million, data from the Independent Authority of Public Revenues (IAPR) showed on Thursday. September’s increase is the highest since February this year, when the monthly rise.... Based on the latest budget’s GDP estimation of 185.66 billion for 2018, the debt pile corresponds
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingoperating expenses also showed a decline of 6 percent. This was attributed to the bank’s cost... with funding from the ECB’s main refinancing operations at zero cost, utilising its 4 billion euro ECB eligible... in the aggregate period. Total deposits across the bank’s customer base stood at 42.9 billion in the 9M
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New strategic investment framework unveiled, faster licencing and tax breaks promised
EconomyFeaturescommented on the complex nature of the country’s tax framework and red tape when it comes to doing... business in Greece, which have been mentioned in the past by the country’s creditors. It found... as a key component to Greece’s future growth by the OECD and other bodies.
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Budget primary surplus at 7.61 bln in November as expenditure curtailed
EconomyMacroeconomy’s figure of 117 million euros and below the target by 109 million. The corresponding expenditure...’s own sources. PIB expenditure fell by 18.4 percent YoY to 2.50 billion, falling under the target... million stemmed from the government’s own sources. Overall, the PIB balance posted a deficit of 640
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