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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... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came... million euros. Bank of Greece funding was unchanged month-on-month at 1.44 billion. Guarantees
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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesPWC Greece has released an overview of the Greek tourism industry which analyses the industry’s... the low number of sales, PWC found that there is a significant bid-ask gap for hotel companies on sale..., each year an extra 20 percent will need recurring investments for upgrades. The funding needs
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomy(ECB) funding, along with a fall of 1 million euros in Emergency Liquidity Assistance (ELA). ECB funding in May came to 8.07 billion euros as mentioned, along with ELA funding totalling just 1... that Greece’s four systemic banks had fully eliminated ELA funding from their balance sheets
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomy(ELA). ECB funding in April came to 8.46 billion euros as mentioned, along with ELA funding..., it was revealed that Greece’s four systemic banks had fully eliminated ELA funding from their balance sheets... ELA funding falling by 10.21 billion, along with ECB funding falling by 2.91 billion. In the year so
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Eurosystem funding falls by 4.38 bln in October as ELA declines
EconomyMacroeconomyin Emergency Liquidity Assistance (ELA) funding by 5.74 billion euros, which offset a rise in European Central Bank (ECB) funding by 1.36 billion to 14.59 billion euros. ELA funding has fallen every... review. A fall in ELA funding for the month had been anticipated, as the ECB has been lowering
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Eurosystem funding drops by 3.9 bln in July on big decline in ELA
EconomyMacroeconomyin the Emergency Liquidity Assistance (ELA) funding by 3.37 billion, the largest drop since June 2016. Additionally, European Central Bank (ECB) funding fell to 15.8 million. ELA funding was reduced... to the conclusion of the second programme review. The lower dependence on ELA funding in July had largely
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Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
EconomyMacroeconomyAssistance (ELA) funding by 3.70 billion euros, the largest drop since June 2016. Additionally, European Central Bank (ECB) funding fell by 1.37 billion to 14.44 billion euros. ELA funding was reduced... related to the conclusion of the second programme review. The lower dependence on ELA funding in August
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomy2014. The monthly movement stems from a decrease in the Emergency Liquidity Assistance (ELA) funding by 1.4 billion coupled with lower ECB funding by 819 million. Specifically, ELA funding was reduced... to the conclusion of the second programme review. The lower dependence on ELA funding in May was largely
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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomyfrom a decrease in the Emergency Liquidity Assistance (ELA) funding by 2.77 billion. ECB funding increased by 100 million, the first increase since June 2016. Specifically, ELA funding was reduced... of the second programme review. The lower dependence on ELA funding in June was largely expected
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