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Budget primary shows deficit of 7.01 bln in September
EconomyMacroeconomyThe 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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The sale of natural gas firm DEPA and its possible legal complications
Legallicensing regulation and a supply code, c) a gas disposal programme through DEPA electronic... to eliminate any existing horizontal or vertical conflict of interest between natural gas firm DEPA... the possible barriers to competition before the tender for exploitation of DEPA by the Hellenic Republic Asset
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Industrial production stays in contraction for third successive month in Aug
EconomyMacroeconomyof 0.9 pct, after an increase of 2.2 pct in the previous month. The annual movement in the index... successive positive months, to -1.3 pints after a rise of 2.6 points in the previous month. Since October
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Energy bill also unveiled as legislative activity intensifies
PoliticsGreek PoliticsOn the same day it unveiled its much-trumpeted second tax bill, the government also put to public..., DEPA. The firm will be spun-off into three separate entities: retail, infrastructure... to be sold to a strategic investor. The international projects subsidiary will take over DEPA’s
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Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence
AgoraGreece 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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General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
EconomyMacroeconomyGreece’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
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Putin visit highlights potential, but also limitations, of Greece-Russia ties
PoliticsForeign PolicyDEPA last October in Rome will open the way for specific projects. It has become clear, though... diplomats believe an improvement in Greek-Turkish relations could put more pressure on Turkey. Athens... for the time being, on the IGI project, which is supposed to act as part of the South Stream pipeline
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeatures2017, the Greek gas utility DEPA tripled (albeit at a premium) its orders of LNG shipments to meet... by Greece’s DEPA and Italy’s Edison. The total cost of the project is estimated at 220 million... gas company DEPA recently signed a cooperation agreement, giving it a 20 percent stake in the project
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EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct
EconomyMacroeconomyof the regular winter forecast cycle, revising upward its expectations for the growth of 2019 to 2.2 percent... growth stands at 2.2 percent. Net exports are the main contributor for last year’s performance... operator DEPA will send strong signals inside and outside Greece that something new has emerged
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Budget primary shows deficit of 7.01 bln as revenues suffer in September
EconomyMacroeconomyThe 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
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