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IMF revises fiscal outlook, sees lower primary surpluses in coming years
EconomyMacroeconomyadministration is happy to continue along these lines. This has prompted the Fund to significantly revise
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Primary cash balance surplus at 3.94 bln in September
EconomyMacroeconomythat during the first nine months of the current year, the PIB balance has worsened by 736 million
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Industrial turnover falls by 8.1 pct in August
EconomyMacroeconomyrose by 0.4 points month-on-month to stand at 1 point. Year-on-year, industry confidence has risen
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ELSTAT confirms third consecutive year or fiscal surplus in 2018
Economyto get approval for its tax relief package. The debate has shifted to utilize parts of those funds
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Travel balance up by 14.4 pct in August, 8-month receipts show rise of 13.6 pct
EconomyMacroeconomyGreece’s travel balance rose to 3.93 billion euros in August from 3.43 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 14.4 percent year-on-year (YoY). Receipts came to 4.12 billion euros for the month, increasing by 16.1 percent YoY. Travel payments also
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Sept budget primary surplus confirmed at 4.47 bln, well above target
EconomyMacroeconomytheir target by 344 million euros. Compared to the same period last year, the aggregate figure has dropped
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Credit contraction at 0.5 pct in Sept, balance at 157.28 bln
EconomyMacroeconomyfor the month to stand at 17.15 billion. The Greek market has been experiencing a contraction for the last
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Asylum bill passes as SYRIZA turns up heat on Mitsotakis
PoliticsGreek PoliticsThe government’s attempt to overhaul Greece’s asylum system with the main aim of speeding up the returns of those not eligible for protection has been approved by Parliament but continues to stoke political controversy. New Democracy and KINAL MPs voted in favour of the bill following a late-night
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Overdue tax, debtors jump in Sept as total reaches 105.6 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 588 million euros in September, data from the Independent Authority of Public Revenues (IAPR) has shown. The aggregate figure for the first nine months of the year revealed that new tax debt totalled 5.27 billion, lower than the figure
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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyincrease in spending that has yet to materialize. On the fiscal front, the EC sees the primary surplus
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