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General gov't cash primary surplus to May halves, arrears keep rising
EconomyMacroeconomyperiod of 2015 from 1.16 billion last year, according the gg bulletin published by the Ministry... showed mixed trends in the first five months of the year. The state budget remained the key positive... period last year. Although narrowing by more than 37 percent, local government’s also displayed
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Newsletter 133
proposal for carrying out bank stress tests early next year as a way around the Washington-based... and that it would be carrying out its regular stress tests next year. In stepped ECB president Mario Draghi... the year that pensions have to be cut by 1 percent of GDP. The prospect of both of these measures being
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Newsletter 146 -12/01/2018
year according to the Finance Ministry’s (MoF) monthly gg bulletin. Social security funds (SSFs... to 1.64 billion for the same period last year. The breakdown of the figures showed that revenues declined by 281 million year-on-year to 70.31 billion. Expenditure fell by 1.03 billion euros and stood
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Tourist numbers increase by 9.7 pct in 2017, cruise visitors decline
EconomyMacroeconomyThe balance of travel services came to a surplus of 12.73 billion euros for the full year in 2017... higher than the surplus of 11.20 billion noted for the same period last year. The rise was driven largely... fell by 5 percent to 101 million. Foreign visitors were up by 7.4 percent year-on-year, which had
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Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln
EconomyMacroeconomymonths of 2018, up significantly against last year’s figure of 1.07 billion euros, the Finance Ministry... to a surplus of 899 million recorded in February. Year-on-year, the deficit in March’s primary balance improved strongly against the deficit for the same time last year which came to 1.07 billion. The budget
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Newsletter 171 -20/07/2018
October. According to reports, the issue of next year's pension cuts was also discussed at Tuesday's... to retirees from the fiscal overperformance expected this year. Avoiding the pension cuts one way or another... elections. The options available to Tsipras are either to hold elections this autumn, early next year
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Travel surplus rises by 17.4 pct in H1 as sharp rise in visitors drives receipts growth
EconomyMacroeconomy) of the year, Bank of Greece (BoG) noted in its travel balance report for the first six months of the year. This year’s figure is 17.4 percent higher than that for the same period last year when it came.... Receipts In the first six months of the year, travel receipts came to 4.78 billion, driven
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomythe draft. This year is expected to record growth of 2.1 percent on the back of private consumption growth... imports, up by 7.5 percent vs. 3.4 percent imports growth. It is worth highlighting that in last year’s... time, the employment outcome is improved from last year’s budget, when the unemployment rate
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Newsletter 186 -07/12/2018
government moved swiftly this week to cancel the pension cuts that were due to be imposed next year. However... of next year. Earlier on Tuesday, Eurogroup president Mario Centeno confirmed that the eurozone.... Compared to the corresponding period last year, private consumption rose by 0.7 percent in Q3, dropping
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomymonths of the year, down by 272 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in local governments with an annual decline of 30 million euros
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