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Budget surplus at 1.94 bln in 6-month, 1.51 bln above target on strong underspend
EconomyMacroeconomyby 1.51 billion, reflecting a strong underspend with primary expenditure coming in 1.16 billion lower than target coupled with higher than expected Public Investment Budget (PIB) balance by 272 million... period showed primary expenditure declined by 4 percent to 19.33 billion, still entailing a strong
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Six in 10 Greeks earn less than average salary of €1,022 in private sector
Societyand grosses less than the average salary in the private sector. These are the general characteristics.... The data, drawn from the ministry’s Ergani database of hirings and dismissals, put the total number... than 1,022 euros a month, the average salary in the private sector, according to separate data from
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Car sales still going strong in 2014; up by 33.7 pct in October
EconomyMacroeconomyin October from 7,730 in September and 6,850 in October 2013. Following another strong reading... in the fourth quarter of 2013. More than 80 percent of new licenses are for passenger cars, which... (+29.6 percent) in line with the total headline figure. All indications point to a strong double-digit
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Newsletter 37 - 31/07/2015
, with less than three weeks left in which the various sides should – theoretically – come to an agreement... can put the growing tension within SYRIZA aside for a few weeks. The toll of capital controls... large, competitive firms with a strong international presence. At the same time, the continuing
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Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
EconomyMacroeconomythat the recession reached 3.7 percent in 2013, which was slightly better than the latest Greek government... percent) evident in the nine-month period. It is worth noting that the strong tourism season drove exports of services up 8.8 percent in the third quarter, offsetting to a large extent the strong
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Newsletter 196 -01/03/2019
proceedings which in turn will put the target date of clearing the entire backlog by end of 2021..., 3.6 percent in 2022 and 3.6 percent in 2023. The estimates are more modest than last year, when 2019... will increase by 9.4 percent this year, more than doubling 2018 figure, then accelerate to 14.5 percent
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingforward. The measures put in place would delay a number of legal proceedings which are connected... by the coronavirus epidemic into a separate category rather than counting them as non-performing... at this point is much healthier than a year ago. In addition, the ECB decision to reinstate the waiver
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Greek stocks end week flat as Friday’s strong rebound erased earlier losses
Economyvolumes were softer than the previous week. The ESM decision to freeze the implementation of short.... However, investors’ concerns seemed to be alleviated on Friday, leading to a strong rebound of 4.2... over the last the last four weeks, mostly reflecting the strong rebound in the previous week. Banks
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Manufacturing PMI dips slightly to 53.6 pts in September as sentiment remains strong
EconomyMacroeconomygrowth was also strong, as manufacturers reported that foreign and domestic client demand remained strong. Input cost inflation softened from June’s peak and fell also to a five-month low. However... reported a deterioration. As output rose faster than new orders, outstanding business declined
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PM touts strong economy and housing measures but voters focus on everyday worries
PoliticsGreek Politics. New Democracy maintains a strong lead in opinion polls, but large segments of voters have been underwhelmed by the government’s economic measures to date and express strong support for the farmers... sounding by ALCO for Alpha TV shows New Democracy with 23.6 pct of voting intentions, more than twice
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