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Manufacturing continues to expand in April, firms remain optimistic
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Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
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As base effect wears off, producer prices fall by just 0.1 pct in Mar
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Retail sales and volumes show worrying signs, turnover down 3.8 pct in Feb
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Corporate taxation, underspend lead to 3 bln primary surplus in March
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Credit expansion grows by 4.5 pct in Mar, driven by corporations
Inaugural 2023 bond attracts strong demand and steep interest
Greece had its inaugural bond issue for 2023 on Tuesday with a 10-year benchmark that covered half of the country’s debt strategy for the year thanks to the high demand.
The Public Debt Management Agency (PDMA) drew 3.5 billion euros for a June 2023 maturity bond, with a re-offer yield of 4.279 pct and a coupon of 4.25 pct, which is 165 basis over euro mid-swaps. The spread was 220.5 basis points over the German DBR tha...
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