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Greek CPI down by 2.1 pct in April
EconomyMacroeconomyThe Greek consumer price index (CPI) fell by 2.1 percent in April, similar to the decline in March, according to the Hellenic Statistical Authority (ELSTAT). The harmonised index of consumer prices (HICP) showed a slower drop by 1.8 percent in April fro...
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Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall
EconomyMacroeconomyThe fall in Greek apartment prices decelerated for the seventh straight quarter to 3.9 percent in Q1 2015 from a downward revised 5.4 percent in Q4 2014, according to the Bank of Greece (BoG). The latest headline figure is the 24th successive negative r...
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Economic sentiment, consumer confidence down for third straight month in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued heading south for the third successive month in May, when it fell by 1.3 points to 91.4 in May from 92.7 in April, according to the European Commission. The May figure is the lowest reading since December 2013...
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S&P moves Greece down a notch to CCC, maintains recession forecast
EconomyS&P unexpectedly lowered on Wednesday Greece’s rating by one notch to ‘CCC’ from ‘CCC+’, where it had been placed on April 15. The outlook remains negative. Based on the S&P sovereign calendar, the next rating review for Greece was scheduled for Septemb...
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Greek stocks down by 4.77 pct as bond yields head further north
EconomyThe Greek stock market plunged for the third straight day on Tuesday, when it fell by 4.77 percent in the absence of any interest in Greek shares as investors believe that an agreement with lenders seems far for being reached at the moment. The Eurogrou...
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Industry turnover down by 2.3 pct in April for sixth straight fall
EconomyThe Turnover Index in Industry fell by 2.3 percent in April, which is similar rate to the previous month’s decline after an upward revision of the March figure, according to the Hellenic Statistical Authority (ELSTAT). The April headline figure is the s...
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Greek stocks down by 11.3 pct for biggest weekly fall of last month
EconomyGreek stocks recorded losses of 11.3 percent this week, which is the highest over the past four weeks. The negative performance fully reflects the drop in the first three sessions of the week. The last two sessions, albeit volatile, closed on positive g...
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Greek talks go down to the wire as IMF raises major objections
PoliticsGreek PoliticsPrime Minister Alexis Tsipras left for Brussels on Wednesday for meetings with key officials ahead of a Eurogroup at which eurozone finance ministers are due to reach an agreement at the Greek bailout. But just hours before that meeting, the prospect of...
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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 1.29 billion euros in July after rising by 10.17 billion in June, according to the Bank of Greece's (BoG) monthly financial statement published on Monday. This was the first drop in central bank funding since Sept...
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Current account in surplus for 2nd straight month in June but down 20 pct on 2014
EconomyMacroeconomyGreece's current account (C/A) balance displayed a surplus for the second successive month in June but it narrowed by 20 percent year on year (YoY), reaching 1 billion euros from 1.25 billion in 2014, according to the Bank of Greece (BoG). The YoY deter...
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