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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammefiscal outlook are broadly balanced. The upside risks mainly involve higher than estimated tax..., delayed structural reforms that slow competitiveness gains and higher than expected deflation... (ETEAN). Since fewer guarantees have been called than expected, the Greek government may cancel about
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Newsletter 29 - 05/06/2015
Lenders seek more measures Demands are more than what previous government agreed to Greece’s lenders are demanding new fiscal measures of around 3 billion, which is markedly higher than the 1–1.5... to direct tax revenues of 980 million and to contingent revenues of more than 500 million, which would
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Newsletter 381 - 19/05/2023
high at over 123,000 more hires than departures. During the first four months, the hiring balance... Programme submitted to Brussels just a few weeks ago, the debt-to-GDP ratio drops from more than... successive month energy fell, with a sharp drop of 28.4 pct. Hirings balance As expected, tourism
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C/A surplus for fifth straight month in Sept, up to 2.55 billion euros for year
EconomyMacroeconomythan offsetting a decrease of 115 million in the income surplus. The August C/A balance also stood...The September current account (C/A) balance showed a surplus for the fifth straight month at 964... in absolute terms and relative to last year’s performance. The reported positive balance during the nine
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Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
Economy, the April budget deficit narrowed 34.9 percent to 698 million. The four-month budget balance continues... Investment Budget (PIB) balance (390 million) counterbalancing lower net revenues (1.05 billion). Revenues... shows that total expenditure dropped 8.4 percent to 15.88 billion, 977 million better than the target
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Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
Economycompared to the preliminary data published on July 14. On a monthly basis, the primary balance was zero... figures for the first half of the year showed that the primary balance beat the target by 1.34 billion euros and the budget balance by 1.44 billion. The respective outperformance to May was at much
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Primary cash surplus widens to 2.85 bln in Q1
EconomyMacroeconomyGreece’s central government primary cash balance improved to 2.85 billion euros in the first... in the corresponding period last year. The net balance of the central government also recorded a surplus of 524 million euros in Q1 from deficit of 918 million last year. In addition, the March balance displayed
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Current account deficit expands to 937 million in Feb
EconomyMacroeconomyin the oil balance deficit, while the non-oil balance improved. However, non-oil exports and imports... mostly reflects a higher travel and other services balance. Specifically, travel receipts decreased... in the secondary income balance is attributed to improved general government balance. The aggregate figure
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Budget primary surplus at 1.97 bln in 2017 on strong underspend
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.97 billion euros across the full 12 months... basis, the primary balance for December was negative for a second consecutive month and came to a deficit of 2.68 billion, worsening from November’s negative balance of 684 million. The full year budget
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBanking) and NPE sales (-3.5 billion euros). Piraeus Bank has been stepping up efforts to reduce the balance... to roughly 1.9 billion euros. Piraeus Bank expects to reduce the NPE balance to under 20 billions euros by 2020, and the NPL balance to under 10 billion euros. P&L NII stood at 360 million euros, a reduction
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