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Greece makes new proposals in search for deal acceptable to lenders and MPs
PoliticsGreek Politicsoffer would still be short of the target of 1 percent put forward by lenders last week. For 2016... percent but short of the lenders’ preferred target of 2 percent. From what is known so far, Athens has.... Greece is also proposing that the profits from the total SMP holdings, which are estimated
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Industry turnover down by 2.3 pct in April for sixth straight fall
Economya double digit rise of 14 percent, yet it makes up just a fraction of the total turnover. Following April... by 2 percent. The breakdown of the April headline figure by region displayed mixed trends for yet...) and consumer durables (+1 percent). As in previous months, the performance of specific sectors displayed
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IMF urges substantial debt relief for Greece
EconomyProgrammeneeds of 25 billion euros on top of those mentioned in the preliminary DSA. This brings the total amount... estimates still remain subject to three marked downside risks related to: 1) Medium-term primary... period, according to the IMF. 2) Growth is still assumed to turn Greece from the lowest to among
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyby 2.83 billion. This is mainly attributed to: 1) SMP and ANFA income of 1.46 billion that was not collected 2) Extension of submission of personal income tax (PIT) declarations that led to a delay... to 1.25 billion in July with the 7-month figure at 4.55 billion, 189 million above target. Overall, total
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July credit contraction at 1.5 pct, slowest since Aug 2011
EconomyMacroeconomy-negative reading since August 2011. The outstanding balances fell by more than 1 billion month on month... in the course of the year, while the cumulative net deductions in the 7-month period exceed 2 billion... in July from 78 million in June. Since the beginning of the year, total net deductions reached 1.55
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyconsumption increased 1 percent QoQ and 2.5 percent YoY accelerating from the reported growth rates in Q1... point to a slight decrease of 0.4 percent in total exports with exports of services up 2.1 percent and exports of goods down 2 percent. A key component of services’ exports is related to tourism which
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Unemployment rate edged up to 25.2 pct in June
EconomyMacroeconomyprovided by the Manpower Employment Organisation (OAED) for July showed registered jobless rose by 2... benefit resumed again above the 10-percent mark, at 10.6 percent of total in July from 8.4 percent... that of females displayed a slower drop by around 1 pp to 29.5 percent. Similarly to the previous
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Greek stocks edge up in week of big losses for banks
EconomyThe domestic market rebounded by 1 percent this week but the key development was the huge losses... for the disbursement of the next sub-tranche of 2 billion and the transfer to the Hellenic Financial... it covered its total capital needs of 2.04 billion via the institutional equity offering
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2015 primary surplus exceeds target as revenues outperform and expenditure is reined in
Economyexpenditure related to the social security sector after the disbursement of the last sub-tranches of 2 and 1... and 4.1 percent for the full year to 5.8 billion, in line with target. Overall, total expenditure
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Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
EconomyMacroeconomyby 5.7 percent in 2015. SETE expects total international arrivals to reach 26 million in 2015, which would mean a rise of 2 million compared to the 2014 figure. Direct tourism revenues are seen at 14.5 billion euros in 2015, up by 1 billion over 2014 figure.
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