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Government gets back to work with shuttle diplomacy and legislation
PoliticsGreek Politicsof the commitment to deliver a 3.5 percent primary surplus up until 2022. Although his government has made clear
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Primary cash balance surplus at 1.52 bln in July
EconomyMacroeconomyseven months of the current year, the PIB balance has worsened by 842 million euros. The Ministry
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Travel balance rises 15.7 pct in June, aggregate visitors drop 0.5 pct
EconomyMacroeconomyGreece’s travel balance rose to 2.42 billion euros in June from 1.36 million euros in May, Bank of Greece (BoG) data has shown. This reflects an annual rise of 15.7 percent. Receipts came to 2.62 billion euros, increasing by 16.4 percent year-on-year (YoY). Travel payments also increased by 25.3
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Moody's holds on rating update stressing need for reform
EconomyMoody’s was expected to complete the latest round of ratings reviews for Greece after S&P in spring and Fitch earlier in August. However the rating agency held back from any action and did not update its rating for the country. This is not the first time that Moody’s has taken a more cautious
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Capital controls to be abolished ahead of schedule
EconomyBankingwould become a thing of the past, adding that “faith has been restored in the Greek economy
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Credit contraction at 0.1 pct in Jul, balance at 160.33 bln
EconomyMacroeconomyhas been experiencing a contraction for the last six years, with the loan balance down by around 37.8
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Mitsotakis to continue advertising change on latest EU trip, at Thessaloniki Expo
PoliticsGreek PoliticsMoving on from Kyriakos Mitsotakis’s meeting with German Chancellor Angela Merkel last week, the government is focussing on the third leg of the Greek prime minister’s European tour and looking ahead to his appearance at the Thessaloniki Expo this weekend. New Democracy has been putting a positive
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PMI edges up to 54.9 in August as production, new orders soar
EconomyMacroeconomyGreece’s manufacturing PMI rose to 54.9 points in August from 54.6 points in July, according to the latest data from Markit PMI. The latest headline figure reached its highest level in four months, backed by improvements in the health of the Greek manufacturing sector. The sector has been showing
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Turnover in services shows improvement in Q2 2019
EconomyMacroeconomywhen the rate came to 31.7. Year-on-year, the service confidence indicator has improved by 16.9 points.
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Fiscal issues top agenda as fourth post-MoU review gets underway
EconomyProgrammeAthens airport has been issued. However, several other obstacles, such as the legal appeals against
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