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Growth of wages index slows to 3.9% YoY in Q2
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Economy holds steady in Q2 but autumn set to pose more and tougher tests
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Energy pushes import prices up by 10% in July
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Sharp drop in new passenger cars leads to 18.7% YoY decline for vehicle sales in Aug
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Despite manufacturing gains, industrial production drops by 1.2% YoY in July
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Inflation picks up pace in August, rising to 3.8% YoY
Athens rushing to reduce arrears and secure 800 mln in bailout funds
The Greek Finance Ministry finds itself in a race against time to meet the target of paying back some of its arrears to the private sector and secure the last part of the European Stability Mechanism (ESM) disbursement worth 800 million euros.
Following the conclusion of the second review, the ESM board approved on July 7 the disbursement of 8.5 billion euros to Greece in two instalments. The first was released immediately to meet 6.9 billion euros of debt obligations and 800 million euros fo...
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