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Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
EconomyMacroeconomyGreek banks’ Eurosystem funding declined by 382.1 million euros month-on-month (MoM) in August, the Bank of Greece's (BoG) monthly financial statement has revealed. The latest decline marks a slowdown from that of the previous month, where the MoM figur...
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Eurosystem funding down to 12.23 bln in September, banknotes rise for second month
EconomyMacroeconomyGreek banks’ Eurosystem funding declined by 404 million euros month-on-month (MoM) in September, the Bank of Greece's (BoG) monthly financial statement has revealed. September’s movement brings the total for central bank funding to 12.23 billion euros c...
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Building permits down by 7.5 pct in Dec but up by 10.3 pct during 2018
EconomyMacroeconomyBuilding permits decreased by 7.5 percent year-on-year (YoY) in December, dropping from a rise of 18 percent noted in November, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed. The latest monthly headline figure interrupts eight ...
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Industrial turnover down by 7.6 pct in January
EconomyMacroeconomyGreece’s industrial turnover fell by 7.6 percent year-on-year (YoY) in January, deepening from a fall of 0.9 percent seen in December, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed. The latest figure is the second consecutiv...
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Economic sentiment down to 100.3 in April, consumer confidence continues to strengthen
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 1 point in April to 100.3 points, European Commission (EC) figures revealed on Monday. April’s reading is the third consecutive figure over the 100-point mark. Barring January’s reading of 99.6, the index has re...
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Tsipras, Mitsotakis tone down personal attacks but intensify clash over policies
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis was in no mood to give Prime Minister Alexis Tsipras any respite after he got through another confidence vote on Friday. With just two weeks left until the May 26 European and local elections, the opposition chie...
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Central government debt down to 356.55 bln in Q2, average maturity tops 20 yrs
EconomyMacroeconomyGreece’s central government debt fell by 1.14 billion euros to 356.55 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2019, from 357.69 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tues...
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Economic sentiment edges down to 107.2, consumer confidence continues to rise
EconomyMacroeconomyGreece’s economic sentiment (ESI) dropped by 1.2 points in September to reach 107.2 points, European Commission (EC) figures showed on Friday. As of August’s reading, the index has remained above 100 points for seven consecutive months. Compared to Sept...
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New waste strategy dials down recycling targets, promises to address landfill problems
PoliticsGreek PoliticsGreece’s Environment and Energy Ministry unveiled a new waste management strategy on Thursday, setting targets for packaging recycling and extending organic waste collection. Special consideration was given to waste management on the islands, where the ...
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Trade deficit edges down by 1.7 pct in August
EconomyMacroeconomyGreece’s trade deficit fell by 1.7 percent year-on-year (YoY) in August compared to a rise of 6.3 percent in July, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed. The deficit came to 1.73 billion euros in August, improv...
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