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General govt primary cash surplus at 7.62 bln in Nov, arrears fall by 42 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 7.62 billion euros in the first 11... to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year.... For the same time last year, the balance stood at 2.40 billion euros. The current period’s figure
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomyPIB revenues came to 788 million in December, notably higher than the previous month’s figure of 165... revenues, 2.10 billion were EU funded while 541 million were from the government’s own sources. PIB... the government’s own sources. Overall, the PIB balance posted a deficit of 3.60 billion in 2018, worse
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Building permits rise by 23.8 pct in Oct, up by 10.9 pct in first 10 months
EconomyMacroeconomypercent while volume increased by 17.9 percent. Greece’s construction sector has remained subdued... percent in Q2. The current quarter’s price increase is the highest since Q1 2008, when an increase... confidence indicator fell to -53.1 from -43.1 in the previous month. November’s reading had been
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Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
EconomyMacroeconomyGreece’s central government primary cash balance recorded a surplus of 16.19 billion euros in 2018... euros against the previous year’s total of 48.42 billion. Year-on-year, expenditure for the month... during December expenditure rose by 152 million euros. The Public Investment Budget (PIB) balance’s
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Industrial turnover rises by 7 pct in November
EconomyMacroeconomyGreece’s industrial turnover rose by 7 percent year-on-year (YoY) in November after a slightly... of 2018, although dropping from the previous month’s rise which was the highest since May 2017. The 12-month trailing index grew by 10.8 percent. The month’s performance was led by an increase of 7.1
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Travel balance rises by 73.5 pct in Nov, 9.7 pct in aggregate period
EconomyMacroeconomyGreece’s travel balance grew by 73.5 percent in November following a rise of 21.4 percent... million. Overall figures The Greek Tourism Confederation’s (SETE) annual outlook had predicted... by land and air to Greece have already surpassed SETE’s predictions for 2018 and reached a total
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Institutions wrap up talks with focus on NPLs, primary residences and budget
EconomyProgramme. During this week’s negotiations, the government, institutions and banks agreed on the formation of a new... discussed with the lenders Greece’s plans for reducing NPLs. The Greek side said it will continue... of Greece to work on the latter’s proposal, which involves the banks’ deferred tax credits being used
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Primary surplus confirmed at 3.34 bln in Dec, misses annual target by 367 mln
EconomyMacroeconomyrevenues came to 788 million in December, notably higher than the previous month’s figure of 165... revenues, 2.10 billion were EU funded while 541 million were from the government’s own sources. PIB... the government’s own sources. Overall, the PIB balance posted a deficit of 3.60 billion in 2018, worse
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Retail turnover up by 4 pct in Nov, volume rises by 3.2 pct
EconomyMacroeconomyGreece’s retail sales index rose by 4 percent in November against a slightly downward revised fall... negative reading noted in 2018. November’s reading was the fourth highest for 2018. The corresponding.... January’s reading is the best since October 2009 when the figure came to -27.1.
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Industrial production up by 1.1 pct in Dec and 1 pct overall in 2018
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew year-on-year (YoY) by 1.1 percent in December from... October’s negative reading which was the first negative figure since February 2018. Month-on-month... deteriorated by 5.8 points. Additionally, Markit’s manufacturing PMI came to 53.7 points in January
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