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  1. Budget execution shows primary surplus of 711 mln, 503 mln ahead of target

    EconomyMacroeconomy

    in April), which led the 5-month figure up 4 percent to 18.57 billion. In addition, the strong revenue... billion dragged by higher tax refunds. The drop in primary expenditure accelerated in May to -3.3

    5%

  2. BoG sees encouraging signs for Greek economy but warns on reforms

    Economy

    that support the BoG’s expectations stem from the bottoming out of the drop in consumption, the positive contribution to GDP growth that strong tourism receipts and increasing shipping receipts are making

    5%

  3. Greece prepares for a 3-year benchmark bond issue
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    at a yield of 2.05 percent, down 10 basis points from last month’s auction. The cumulative drop of the 6-month T-Bill stands at 210 bps since the beginning of the year. Strong investor interest for Greek

    5%

  4. Central gov't primary cash surplus reaches 1.37 billion in first half of year

    EconomyMacroeconomy

    showed a 1.2 percent decline. The reversal of the year to date revenue trend is owed to the strong... a single-digit drop of 6.5 percent to 23.44 billion. The respective 5-month budget figure stood

    5%

  5. Return of coastal bill may give SYRIZA new chance to build support
    Photo by Harry van Versendaal

    PoliticsGreek Politics

    strong opposition to plans to relax restrictions on building and commercial activity at Greek beaches... campaign against privatisation after the government decided this week to drop plans to sell majority

    5%

  6. Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
    Photo by MacroPolis

    Economy

    lower levels (less than 600 million for each item) indicating a strong fiscal performance in June... drop at 27.7 percent in June and 10.5 percent in the 6-month to 3.35 billion, 247 million short

    5%

  7. Car sales continue to rise in July but at slower pace of 25.9 pct

    EconomyMacroeconomy

    since January 2012. Following the strong performance in July, the 7-month figure surged 28.1 percent to 63,026 motor cars. In the corresponding period last year, there was a drop of 2.5 percent

    5%

  8. Moody's upgrades Greek rating by two notches to Caa1 - here's why

    Economy

    to Moody’s, the three key factors that triggered the rating upgrade were the strong improvement... is projected to drop to 2.9 percent of GDP. The improving economic environment, with the recovery

    5%

  9. Car sales up by 20.8 pct in August but rise continues to slow

    EconomyMacroeconomy

    , following a drop exceeding 30 percent in each of the preceding three years. In absolute terms, car...) the double-digit rebound in car sales this year mainly stems from improved consumer confidence and strong

    5%

  10. Greece sees travel receipts rise again in July to reach 2.74 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    in travel receipts fully reflects a strong rise in international tourist arrivals by 29.4 percent... to 10.49 million. In addition, the double-digit drop in travel spending per trip in July, led

    5%