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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomyGreece's current account (C/A) balance showed a deficit for the third successive month in December, when it reached 870 million euros, which was more than 3.5 times higher than last year’s figure... billion from non-resident’s investments. The latter reflects a significant inflow in Greek stocks (8.2
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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammeFriday’s Eurogroup agreement has increased the pressure on the government to make savings and increase its revenues. In an interview with Kathimerini daily Alternate Finance Minister Dimitris Mardas... of the government’s policy programme on February 9, Mardas also stressed that tax revenues lost due
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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
EconomyGreece’s final budget execution data confirmed preliminary figures released on February 12 and showed the primary surplus halved to 443 million euros in January from 835 million last year.... Similarly, the budget balance posted a surplus of 367 million, down 40.7 percent from last year’s
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Sharp rise for Greek consumer confidence in Feb, economic sentiment also up
EconomyMacroeconomyAfter falling in the preceding two months, Greece’s economic sentiment (ESI) rebounded by 2.9 points to 98.2 in February from 95.3 in January, according to the European Commission (EC). However, February’s figure is the second lowest reading since May 2014 and stands 6 point below the high of 104.2
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Greek manufacturing PMI virtually unchanged in Feb as uncertainty bites
EconomyMacroeconomyGreece’s Manufacturing PMI rose by just 0.1 points in February to 48.4 from 48.3 in January, according to Markit. This is the eighth sub-50 point reading in the last nine months. Despite faster... manufacturing PMI remained in contraction territory in February in a further sign that Greece’s economy
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The six reform proposals Greece hopes will help unlock more funding
PoliticsGreek Politics. Varoufakis pledged that all the suggestions would be properly thought through and costed by Monday’s... the 1.9 billion euros from the European Central Bank’s SMP profits. The nature of the proposals
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Trade deficit plunges by 21 pct in January as exports and imports fall
EconomyMacroeconomyAfter climbing by 26.9 percent in December, Greece’s trade deficit fell 21 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The absolute numbers show the trade deficit... at double-digit rates for the first time since August 2014. January’s figure, along with that of August
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Primary surplus at 1.24 bln in Feb on lower spending and recovering revenues
EconomyGreece’s budget execution showed the year to date primary surplus stood at 1.24 billion euros in February, which means it is down 40 percent but the underperformance has been trimmed to just 168... expenses, due to the state’s tight liquidity conditions. For the 2-month period, primary expenditure
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Greek gov't targets unpaid social security contributions: The numbers involved
EconomyThe government recently tabled for public consultation a draft bill on the settlement of unpaid tax and social security contributions (SSC). Both interventions are among the government’s key... on ESEE’s latest figures, the amount of OAEE contributions past due stood at 8.36 billion euros
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Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February
EconomyMacroeconomyGreece’s central government primary cash balance showed a surplus of 503 million in the first two months of 2015 down by 70 percent on last year’s figure of 1.68 billion, according to the Bank of Greece (BoG). The central government net balance posted a deficit of 684 million in the 2-month period
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