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Newsletter 68 - 01/04/2016
encouraging signs during March, when the UNHCR put the number of arrivals at 26,222 by the 30th... was beaten again. Despite the economy entering recession, Greece being monitored for its oversized public... review has not been completed and the refugee crisis is in full flow? Being put in charge of these twin
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Eurogroup suggests there is scope for pension cuts to be called off
EconomyProgrammewith the argument that Athens has put forward, which is based on the better health of its public finances and the fact that the 2017 primary surplus target was beaten, a performance that the government... scrapping the measure unilaterally, it could put the debt relief measures agreed this June at risk
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University bill meets with strong opposition as MPs begin debating reform
PoliticsGreek Politicsput before the plenary next week, ahead of a vote on Friday, March 8. Going into the debate... that the government is making an opportunistic grab through the bill being put before Parliament. Most... allowed to operate in Greece but is opposed to the bill that has been put before MPs. SYRIZA fallout
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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... (+29.6 percent) in line with the total headline figure. All indications point to a strong double-digit... in 2014 is mainly attributed to strong tourism, which led to larger rent-a-car fleets, as well
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Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance
EconomyMacroeconomya strong underspend (by 1.91 billion) coupled with a revenue outperformance of 1.54 billion. The Public... of the personal income tax. As we have previously noted, the strong revenue collection could... the release of final budget execution bulletin due after October 20. Following the strong performance
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Greek stocks end week flat as Friday’s strong rebound erased earlier losses
Economy. 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... losses stood at 1.3 percent, slightly trimming the strong gains posted in the past four weeks to 11.8
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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... remained strongly positive as firms reported strong demand. Additionally, Greek manufacturers expressed
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Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Economyissue were announced in the region of 2.1 percent and the transaction quickly attracted strong interest... with a guidance of 2 percent. The book continued to attract strong interest and closed just before lunch... with strong demand as more than 290 accounts participated in the book-building process, which led
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PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct
EconomyMacroeconomy’ with a stable outlook. The PBO notes that for the economy to sustain strong growth beyond 2026 and close... highlights the strong performance of 2024 with significant primary surplus and a headline surplus on the back of strong tax revenues due to income tax and VAT from goods and services. Greece’s upgraded
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Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs
EconomyMacroeconomyThe budget primary balance was confirmed at a deficit of 6.38 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday....
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