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General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed. Social security funds (SSFs) were the only subsector ...
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Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomyGreece’s central government primary cash balance turned to a deficit of 316 million euros in the first five months of 2017 from a surplus of 2.66 billion last year, Bank of Greece (BoG) data revealed on Friday. This year’s figure includes arrears’ repay...
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Car sales drop by 49.1 pct in May and 34.9 pct in first 5 months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell by 49.1 percent in May, softening compared to a sharper drop of 80.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In May 2019, the year-on-year cha...
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Episode 5 - Greece & Turkey on the borderline
AgoraOn the latest episode of The Agora podcast, we examine Greek-Turkish relations, which are going through another rough patch. Athens and Ankara being at odds is not something new, but a rising number of issues have been causing friction between the two c...
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Receipt losses near 5 bln in first six months as June tourism figures disappoint
EconomyMacroeconomyGreece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY). Receipts came to 64.3 million euros for the month, falling by ...
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Revised GDP data shows 1.9 pct growth in 2019, taking 2017-2019 upward streak to nearly 5 pct
EconomyMacroeconomyAs part of the second estimate for the national accounts and the regular cycle of base year revision that takes place every five years, the Hellenic Statistical Authority revised 2019 GDP data and the annual series base year to 2015, from 2010. The seco...
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Employment data for 2021 shows 88.3 pct of firms have up to 10 staff, 1 in 5 workers earns below 500 euros
EconomyA special publication by the Labour Ministry based on data from the Ergani database presents the latest digest of the Greek labour market and a profile of Greek entrepreneurship. The data for 2021 has remained broadly unchanged compared to 2020, with th...
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Central govt cash balance records surplus of 714 mln in April, improves by 5 bln YoY in first four months
EconomyMacroeconomyGreece’s central government recorded a primary cash surplus of 714 million euros in April, from a deficit of 2.23 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Wednesday. The overall cash balance was a s...
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Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct
EconomyBankingEurobank posted an adjusted net profit of 255.3 million euros in Q1 2023, compared to a profit of 302.4 million euros last year. The profit was adjusted by normalising other income, after deducting significant trading income items and excluding the Proj...
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Significant underspend and strong tax revenues push primary surplus to April above 5 bln
EconomyMacroeconomyThe budget primary balance ran a surplus of 5.17 billion euros by April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday. The primary balance came in at 3.19 billion euros above the target. Expenditu...
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