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Fitch upgrades Greek credit rating to B with stable outlook
EconomyMacroeconomyAs previously rumoured, Fitch upgraded on Friday Greece’s rating by one notch to ‘B’ from ‘B-‘ with a stable outlook, yet still remaining in the non-investment grade. This is the first Greek... to 1.4 percent in 2014. On sovereign liquidity, Fitch notes that the near-term risk has fallen, yet
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Greek credit contracts again in April but at slightly lower rate of 3.7 pct
EconomyMacroeconomystood at 0.8 percent, yet monthly flow remained at extremely low levels showing net deductions of 5... flow coupled with banks’ ongoing deleveraging. Although the BoG has not yet released the year-end
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomy(down 3.9 percent). Smaller movements, yet above the headline figure, were also posted in food... to a second deflationary year in 2014, yet at slightly lower to 2013 levels. Marginal inflation
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Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
Economy. Tax refunds dropped month on month, yet the 6-month figure jumped 160 percent to 1.56 billion, 6.6... 5.5 percent in June, yet the 6-month dropped 6.3 percent to 20.06 billion, outperforming target
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Parliament's budget office sees Greek recovery finely poised
EconomyMacroeconomy, including bank stress tests, unpaid taxes, lack of structural reforms and stagnant exports could yet... that the unemployment rate has started showing a downward, yet weak, trend. Nevertheless
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Greek PMI falls again in July, dropping to 48.7 points
EconomyMacroeconomywhich was the most marked over the past 3 years, yet only modest overall. Although the rate of decline... demand led to a reduction in staffing numbers for the second straight month, yet at a slower to June
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State budget primary surplus widens to 2.28 bln at end of July after rise in revenues
EconomyMacroeconomyincome of 1.5 billion, which was recorded in the budget execution, yet excluded from the fiscal targets... at 320 million, yet 52 million below target. PIB revenues amounted to 316 million in July, down
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OECD report paints grim picture for Greece's labour market
EconomyMacroeconomypercent in 2011 and 2012 respectively, yet they have rebounded by 2.3 percent in 2013, while remained... countries, only Spain and Ireland posted a fall in nominal labour cost in 2013, yet at a much slower
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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomyamounted to 62.55 billion at the end of 2013, yet it was reduced by 1.97 billion in the 8-month period... a weak performance in July, yet they remain well below the annual targets. Those targets were set
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Greek primary budget surplus to August narrows to 1.95 bln on lower revenues
Economyshowed direct taxes fell 32 percent in August, yet rose 9.5 percent in the 8-month period to 12.71... period to 15.08 billion, yet in line with target. On the cost front, primary expenditure slightly rose
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