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Severe underspend covers lower revenues for end-May primary surplus
Economyof 597 million euros in May compared to a target of 246 million, reducing accordingly the year... in May by 1.04 billion, reversing the 4-month slight overperformance of 68 million... of the key budget figures, revenues (before tax refunds) resumed a downward trend in May for the first
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New overdue taxes rise by 235 mln in May, total debt at 104.5 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 235 million euros in May, data from... obligations from tax categories showed a rise of 193 million month-on-month in May, bringing the total... percent in May from 75.8 percent in April, while the amount of VAT due came to 1.84 billion
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Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
EconomyMacroeconomyof 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday. The budget for May has been widely considered... balance for May came to a deficit of 3.33 billion euros compared to a monthly deficit of 2.01
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Despite improvement in services, goods tip current account to deep deficit of 2 bln in May
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 2 billion euros in May, from 1.62 billion euros in April, Bank of Greece (BoG) data showed on Thursday. In May 2021, the balance showed a deficit of 1.36 billion euros, while in May 2020 the current account posted a deficit of 911 million euros
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Current account deficit narrows further in May, down by over 3 bln in first five months
EconomyMacroeconomyGreece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a deficit of 1.39 billion euros. The deficit
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Reshuffle scenarios resurface for Tsipras after ministers resign over rent subsidies
PoliticsGreek PoliticsPrime Minister Alexis Tsipras may be forced to put into action his plans for a cabinet reshuffle after losing two ministers unexpectedly. Reports suggest that the Greek leader may announce changes... April and to wrap up the fourth review in May. Although Papadimitriou’s primary role
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Excluded from Libya talks, Athens vows to block decisions that ignore sea border concerns
PoliticsForeign Policythe Berlin Conference. In a bid to avoid developments that may harm its interests, especially... he made with his counterpart, Nasser Bourita, following their talks. “May I also say that we were... General Khalifa Haftar may have been enough for the Greek government to be excluded, with the UN
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On lockdown: The moments that will remain
Agorapassed. We may think about how we crossed to the opposite side of an empty street to put a safe...-bound grandchild. We may look back on how often we came across discarded surgical gloves and masks... eerily quiet. At first this may have reflected the ominous nature of the coronavirus and fears
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Running the wrong way: Rama's spat with the EU over vaccination underlines growing frustration
Agorawith non-Member States” such as Western Balkans, in spite of remarks that the pandemic crisis can only... a larger say on the narrative around it. Criticizing the EU on its immunization scheme may be justified... of the campaign, Rama may stand to gain the most from publicly criticizing the EU. At best, it may result in more
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomyGreece's May current account (C/A) balance showed a deficit of 246.2 million from a surplus of 69.6... and ships, the trade balance in May did not show any meaningful change, while exports grew faster than... percent). Despite the weak performance posted in May, the 5-month C/A deficit shrank by 25 percent
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