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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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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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Revenues at 4.77 bln in Oct, beating target for fourth straight month
Economythat MoF figures are on a modified cash basis, while Bank of Greece (BoG) respective figures... to the targets being beaten over the last four months, even though there is a steady increase in unpaid... of Finance (MoF) on November 13, showing revenues beating monthly targets by 763 million euros
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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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After local elections in Turkey, Athens hopes recent tension with Ankara will ease
PoliticsForeign Policysources, the Turkish Ambassador to Greece, Burak Özügergin, has given reassurances to his interlocutors... believes that significant progress was made at Crans–Montana in 2017. Speaking in Antalya at a joint press
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomypercent in the previous month, Bank of Greece (BoG) figures showed on Monday. The headline figure... exposures (NPEs). The latest BoG showed the NPE stock was reduced to 104.8 billion euros at the end.... The positive flow in April is almost entirely attributed to corporate sector net additions of 763
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Newsletter 271 -30/10/2020
at 7.01 bln September figure confirmed as missing target by 9.58 billion euros The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus... notably from inflows of 421 billion euros in August, Bank of Greece (BoG) figures revealed this week
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Newsletter 292 - 09/04/2021
contraction of 8.2 pct last year, the economy showed resilience according to BoG. It was largely... pct of GDP. BoG expects a strong rebound in the second half of the year, towards an annual growth... that the faster rollout, the warmer weather and mass self-testing will help restore a semblance
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BoG highlights how Covid-19 compounds legacy issues and structural challenges
EconomyThe Bank of Greece (BoG) published its Monetary Policy Report for 2020 on Monday, outlining... to endure external economic pressure via trade and tourism. The BoG notes that the Greek economy.... In this context, the BoG examines two more scenarios on top of its baseline. The base case forecast sees
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