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  1. Budget primary shows deficit of 7.01 bln in September
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF... during the first nine months of the year. Personal income tax (PIT) was below target by 763 million

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  2. Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

    Agora

    Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

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  3. General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine months of the year compared to a surplus of 4.53 billion in the same period last year, according... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came

    56%

  4. Budget primary shows deficit of 7.01 bln as revenues suffer in September

    EconomyMacroeconomy

    The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday. The primary surplus was below its

    49%

  5. Tech start-ups click into place to fight off Greek recession
    Photo by Harry van Versendaal

    Society

    for start-ups to receive European Union funding through the National Strategic Reference Framework... on the global market and start-ups have been able to get a foothold in the local market. Upstream Systems.... At a more grassroots level, a number of Greek tech start-ups are beginning to break through as well

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  6. IMF ups 2021 growth forecast to 6.5 pct, but keeps modest outlook for longer term
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    the 2021 growth was seen at 4.3 pct and 6 pct for 2022. However, there were hints in the latest post

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  7. Greece - Some structural macroeconomic arithmetic
    Photo by MacroPolis

    Agora

    and the ups and downs of the business cycle. After weakness, the economy may be expected to speed up. After strength, it may be expected to slow down. It is the average trend over the ups and downs... emerges? We can give some hints at this, too. Consider fiscal policy. Greece has signed up

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  8. DBRS keeps rating at BBB, ups outlook and sees upgrades if conditions improve
    Photo by MacroPolis

    EconomyMacroeconomy

    administrations following balance sheet clean ups and solid profitability. The agency says that GGBs could

    28%

  9. Bravo, Bank of Greece
    Image: MacroPolis

    Agora

    structural picture is helpful to assess and interpret the short-run ups and downs of activity... give a different result. The note hints that the discrepancy may come, once again, from military

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  10. Company closures dropped sharply during the pandemic
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    the number of new start-ups was virtually unchanged from the year before, according to data from..., a decrease of 22.7 percent from the 48,290 closures of 2019. New start-ups dipped just 0.05 percent... the biggest decrease, at 28.1 percent. For start-ups, there were big decreases in 2020 on the islands

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