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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomythat posted a drop of 318 million from last year. In absolute numbers, social benefits were... understand that the difference of 619 million between the 351 million drop in net arrears in July... by 3.58 billion euros MoM to 324.76 billion in July largely due to a drop in bonds by 2.54 billion
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Newsletter 87 - 09/09/2016
of the state budget posted a drop from last year. The breakdown showed revenues grew by 3.58 billion... monthly drop also includes arrears’ clearance of 970 million, according to the July budget execution... March 2012. The drop reflects a rise in the number of employed by 15,000 from the previous month to 3.68
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomy. The marked drop reflects deterioration in all C/A components, with the most notable in the goods deficit... years, while the drop in exports largely reflects a decline in the value of oil exports. It is worth... by 6 percent, while those excluding oil remained almost stable. The continued drop in the services
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Retail sales rebound by 7.1 pct in July for first time in thirteen months
EconomyMacroeconomyThe turnover of Greece’s retail trade index strongly rebounded by 7.1 percent in July after a drop... drop of 7.2 percent in the corresponding period last year. The breakdown showed turnover in almost... store category that posted a month on month (MoM) drop in July was retail sale not in stores, where
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Newsletter 92 - 14/10/2016
the corresponding surface and volume figures recorded a notable drop of 18.9 and 30 percent... is the first negative reading since March. The modest drop largely reflects a 4.6 percent decline... supply production edged up 1.2 percent. The modest drop largely reflects a 4.6 percent decline
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomy. On the flipside, direct taxes are estimated to drop by around 300 million to 20.42 billion in 2017. On the cost front, primary expenditure is projected to drop by more than 1.4 billion euros to around 44 billion... clearance. However, the debt to GDP ratio is expected to drop to 176.5 percent in 2017 from 180.3
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Newsletter 97 - 25/11/2016
to the September performance, the 9-month decrease in travel revenues fully reflects a drop... surplus by 178 million euros and a drop in the goods deficit by 76.6 million. The primary... percent to 3.63 billion. The improvement stems from the widening of the services surplus by and a drop
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyratio of 50.5 percent is due to drop to around 34 percent in 2019. In addition, NPLs are estimated... that the NPL ratio is expected to drop by 18 percentage points (pp) from 38 percent in June to 20... for the anticipated drop in bad loans also supported by collateral liquidations, collections and loan sales
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomysimilar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. This was the 17th successive drop leading the Eurosystem funding balance down to 68.49... billion euros, with a cumulative drop of 41.73 billion since June 2015. Around half of this reduction
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Newsletter 101 - 23/12/2016
, respectively. The central bank also projected that the unemployment rate will drop by 1.5 percentage... still point to a drop of 4.2 percent to 13.11 billion. In addition, the corresponding payments rose... Aggregate figures for January-October point to a 42.6 percent drop in the current account surplus
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