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Greek stocks climb 4.3 pct on week, banks’ strong performance continues
EconomyThe Greek stock market rebounded strongly by 4.3 percent this week mainly led by solid gains in banks, also accompanied by an increase in trading activity. The positive market performance was triggered by a drop in the Greek government bond yield to 6.7...
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Strong travel balance brings current account surplus to 1.83 bln in August
EconomyMacroeconomyGreece’s current account (C/A) balance recorded a surplus of 1.83 billion euros in August from 1.66 billion a year ago, Bank of Greece (BoG) figures showed on Monday. The headline figure increased by 162.6 million euros year-on-year and was mainly drive...
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Strong interest as Greece issues first 52-week T-Bill in almost eight years
EconomyGreece took another step on Wednesday towards restoring its relationship with the markets and building its yield curve by issuing a 52-week treasury bill for the first time since April 2010. Prior to this issue, the stock of T-Bills stood at just under ...
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Industrial turnover makes strong start to year with growth of 12.7 pct in Jan
EconomyMacroeconomyGreece’s industrial turnover shot up by 12.7 percent in January, after December’s figure was softened to -1.9 percent, according to Hellenic Statistical Authority (ELSTAT) data published on Thursday. The 12-month trailing index grew by 11 percent. Janua...
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Primary cash surplus at 7.72 bln in March on strong underspend
EconomyMacroeconomyGreece’s central government primary cash surplus recorded a surplus of 7.72 billion euros in the first three months of the year, Bank of Greece (BoG) figures showed on Wednesday. The headline figure includes an arrears’ repayment of 457 million euros, o...
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Strong deposit growth of 1.14 bln noted in March
EconomyMacroeconomyNet deposit movement in the Greek banking system turned strongly positive in March, with inflows of 1.14 billion compared to inflows of 59 million in February, Bank of Greece (BoG) figures revealed on Monday. The headline figure for the month represents...
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Strong receipts push travel balance up by 15.9 pct in July
EconomyMacroeconomyGreece’s travel balance rose by 15.9 percent in July, almost unchanged from the increase of 16 percent in June, Bank of Greece (BoG) data revealed on Friday. Receipts came to 3.38 billion euros for the month, an increase of 14.4 percent. Travel payments...
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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingPiraeus Bank’s closely watched Tier II bond issue was deemed a success after raising 400 million euros on Wednesday. In total, bids of over 850 million euros were submitted. On its website, the bank announced that it had “successfully completed the book...
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Economic sentiment at 113.2 in Feb, strong improvement in services and retail
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 3.7 points in February to reach 113.2 points, European Commission (EC) figures showed on Thursday. The EC noted that the ESI figures have been historically revised due to the inclusion of a new component in the ...
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ND mulls next stage of lockdown easing as support remains strong despite some grumbles
PoliticsGreek PoliticsThe government is gearing up for the next stages of the loosening of the lockdown measures, hoping that it will continue to maintain the support of the Greek public, which is still high according to a new opinion poll. Although the next relaxation of re...
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