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Newsletter 224 -25/10/2019
billion, with around 2.2 billion in short-term loans. Government revenues in 2018 were up to 88.57... can prepare to share out the additional surplus from this year’s budget, which has been estimated
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Piecemeal process likely in drive for more fiscal space
EconomyProgrammethat could further push the goal down to 2.2 or 2.5 pct. The Public Debt Management Agency and Council... be transferred from one year to the next. This will create an estimated 0.3 pct of GDP extra fiscal space. New
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Exposure to tourism sector a concern for banks despite effort to save season
EconomyBanking. From the total, 14.7 billion euros were considered performing, of which 2.2 billion euros were... for the tourism sector totalling 750 million euros. The bank’s loans to the tourism sector are estimated at around
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Receipt losses near 5 bln in first six months as June tourism figures disappoint
EconomyMacroeconomyin the first six months of the year and came to 2.2 million visitors. The aggregate breakdown..., extrapolation factors were estimated for main traveller flows per type of border-crossing point, using
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Travel balance falls by 70.9 pct in September as 12.6 bln in receipts vanish in aggregate
EconomyMacroeconomyto 2.86 billion, reflecting a fall of 79.6 percent YoY. Average expenditure per trip dropped by 2.2... methodology. For the period 16 March-30 June, extrapolation factors were estimated for main traveller flows
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Govt treads carefully on economic relief measures, hoping normality is near
PoliticsGreek Politics. The industry also argues that it has a multiplier effect of 2.2 so its impact on the wider economy... is estimated at 30 million euros. There is also a 42-million-euro liquidity injection of up to 8 pct
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Govt counts cost of own energy package as hopes of coordinated EU response fade
PoliticsGreek Politics. The measures are equivalent to 2.2 pct of GDP, compared to 0.5 pct of GDP for 2021. There have also.... The total cost is estimated at 5 billion euros, 2.5 billion for each phase. Funding for 2022 will combine
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Record FDI flow into Greece raises bar, but is it sustainable?
EconomyFeatures, when Crédit Agricole’s ill-fated acquisition of Emporiki Bank for 2.2 billion euros brought in just.... A recent study estimated that golden visa-linked purchases in 2018 accounted for one third
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Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
EconomyMacroeconomy, from 2.2 pct this year. CPI and HICP will converge next year to 2.6 pct, from the 4 pct region... debt sustainability. The Greek economy is estimated to grow by 2.9 pct next year, from 2.4 pct
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Is Greece on track to decouple from fossil gas?
Agorainfrastructure, as it already foresees 2.2 GW of PHES (the current capacity being 0.7 GW) and 3.1 GW... of CO2 estimated in the NECP; this, in turn, will compromise the NECP’s fundamental climate target
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