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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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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...-on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 1.15 billion... billion. Overall, the state budget primary balance showed a fall of 11.54 billion euros, landing
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Kammenos prepares to quit coalition amid ANEL unrest, issues to settle with PM
PoliticsGreek PoliticsThe much-advertised split between SYRIZA and Independent Greeks (ANEL) seems to be just days away... ANEL, has called a meeting of the party’s parliamentary group and executive committee on Wednesday... procedure in Skopje is due to be completed by January 14 at the latest. Therefore, ANEL’s departure
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Industrial production up by 3.3 percent in December
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 3.3 percent year-on-year (YoY) in December... of the current four-month decline. The small downturn was linked to weak demand and a further fall in new..., as vendor performance deteriorated significantly. Raw material shortages, and restrictions on movement due
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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell for the sixth straight month in April at an accelerating pace of 3.3 percent from a downward revised 0.6 percent in March, according to the Hellenic Statistical Agency (ELSTAT). The April headline figure is the highest drop since December 2014
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by another 3.3 billion euros in November, after a broadly similar 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
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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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ANEL adds to uncertainty over Macedonia name deal and its political impact
PoliticsGreek Politicsshow on Tuesday night, a spokesman for the junior coalition partner, Independent Greeks (ANEL.... Theodoros Tosounidis did not rule out the possibility of ANEL failing to support its governing... the SYRIZA-ANEL coalition and prevent the name deal, which the conservatives oppose, being approved
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ANEL leader under scrutiny due to party unrest, questions over refugee funds
PoliticsGreek PoliticsIndependent Greeks (ANEL) party and the revelation that European anti-corruption authorities... portrayed as a matter he is prepared to quit the coalition over. Despite his threat, two of ANEL’s seven... with the Former Yugoslav Republic of Macedonia (FYROM). There is a sense that ANEL, a party founded during
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Opposition pressures SYRIZA by refusing to support bills ANEL dodges
PoliticsGreek PoliticsIndependent Greeks (ANEL) have disagreed on a number of issues since first joining forces in January..., such as education, the Church of Greece and migration. Most famously, in June 2015 ANEL failed to support... by Brussels. However, New Democracy and ANEL were among those that expressed concern this would lead
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