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Growing hopes that Greek recession will be milder than expected
Economyrecession will be milder than the country’s lenders expectations in mid-August. In a positive... (+0.1 percent), more than offsetting a sharp drop in investments (-10.6 percent). The provisional... statements they expect a softer GDP contraction this year. Their predictions for a better-than-expected
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than doubled to 4.14 billion euros... in the course of 2015 from 3.83 billion at the end of 2014. More than 60 percent of 2015 arrears stemmed... than half of total arrears. Arrears to hospitals increased by 324 million euros to 931 million in 2015
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Budget primary surplus of 1.19 bln in Jan markedly better than target
EconomyMacroeconomy(by 420 million) more than offsetting revenue underperformance of 69 million. The state budget balance... million lower than target. As a result, net revenues rose by 4.7 percent to 3.65 million, almost spot... decreased by 5.3 percent to 3 billion euros, 469 million lower than target. The Finance Ministry noted
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Greeks trust social media more than news media, Reuters study shows
Societytrust social media news more than traditional news. When asked whether news and social media do a good... as likely to trust traditional news than social media. The Greek response was attributed to the low levels... and economic influence rather than being a viable commercial industry in its own right.” Among those who use
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Travel receipts more than double in 2021, arrivals at 47 pct of 2019
EconomyMacroeconomybeing significantly higher than the 2.2 million euros recorded in December last year, the latest balance is even higher than the 28.6 million euros recorded in December 2019. Receipts came to 176.6 million euros for the month, more than five times year-on-year, from 34.8 million euros. Travel
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Travel surplus of 60.8 mln in Jan substantially higher than a year earlier
EconomyMacroeconomy’s balance was significantly higher than the 1.7 million euros recorded in January 2021, However, lower than the 97.7 million euros during the same month in 2020, before the pandemic outbreak. Receipts came to 140.1 million euros for the month, more than three times higher year-on-year, from 34.2
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VAT, income taxes help push May budget primary balance above target by more than 3 bln
EconomyMacroeconomybalance is better than the target by 3.33 billion euros. Revenues Net revenues for the period stood... million higher than the target. Excise tax revenues were 2.63 billion, 73 million lower the target... to 6.16 billion Euros, 633 million higher than the target. Tax refunds came to 2.71 billion euros
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports... by 211 million and lower services surplus by 184 million more than offsetting an narrowing... 1.9 times higher than exports, at 12.55 and 6.72 billion respectively, the goods’ deficit improved
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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomyGreece's current account (C/A) deficit more than halved to 708.1 million euros in March from 1.48...’ deficit by 438 million and an increase in the secondary income surplus by 99 million. This more than... and a rise in the primary and secondary income balances by 487 and 170 million respectively more than
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Primary cash surplus more than doubles to 2.8 bln in first half of 2016
EconomyMacroeconomy. The monthly balance figure also remained positive at 101 million euros in June but more than halved... deficit stood at 318 million more than doubled from last year’s figure of 147 million. The improvement.... It should be noted though that the accounting method of MoF is different than the one applied
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