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Primary cash balance deficit at 3.91 bln in March
EconomyMacroeconomyGreece’s central government recorded a primary cash balance deficit of 3.91 billion euros in the first three months of the year, according to figures released by the Bank of Greece. The cash balance for the same period last year, excluding bond issuance and the financing of the cash buffer, came
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Political wrangling instead of vaccines
Agoraof politicians, it’s as if they were not expecting anything better. Apart from a few isolated attempts, most
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Travel balance falls by 89.3 pct in February
EconomyMacroeconomyGreece’s travel balance came to a surplus of 7.6 million euros in February from 70.7 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 89.3 percent year-on-year (YoY). Receipts came to 23.4 million euros for the month, falling by 89.4 percent YoY. Travel
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FinMin sees favourable macro environment from next year, boosted by RRF
EconomyMacroeconomy, the ministry has a buoyant outlook, despite the revision of this year’s growth estimate to 3.6 pct
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Construction revels as economic sentiment, consumer confidence rise further in April
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 1 point month-on-month in April to 97.9, following a five-point rise in March, European Commission figures showed on Thursday. The Employment Expectations Indicator (EEI) came to 105.9, dropping by 3.4 points from the 109.3 points in March. Compared to last
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PMI rises to 54.4 points in April, highest since February 2020
EconomyMacroeconomyGreece’s manufacturing PMI rose to 54.4 points in April from 51.8 points in March, according to the latest data from Markit. According to Markit, readings over 50 indicate overall improvement. The latest figure signaled the strongest improvement of operating conditions in the Greek manufacturing
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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
EconomyMacroeconomyfavourable sovereign debt environment thanks to the ECB’s programme of asset purchases and has managed
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Greece draws another 3 bln from bond markets as debt strategy continues at pace
Economyinternational allocation. Asset managers have the lion’s share with 43 pct of the participation, followed
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Trade deficit rises by 27.1 pct in March as imports surge
EconomyMacroeconomyGreece’s trade deficit rose by 27.1 percent year-on-year (YoY) in March compared to a drop of 33.2 percent in February, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed. The deficit came to 2.09 billion euros for the month. Imports totalled 5.43 billion euros, showing
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Building permits decrease by 3.2 pct in February
EconomyMacroeconomypercent, and volume increased by 16.1 percent. Greece’s construction sector was damaged across
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