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Wages index improves by 2.7 pct in Q3 for highest rise in almost 6 years
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index posted an increase by 2.7 percent in the third quarter (Q3) of 2015 after a drop of 2.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday. The Q3 rate represents the highest readi...
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Episode 6 - Greece's rugged media landscape
AgoraIn this episode of The Agora podcast, we're taking a closer look at the Greek media landscape. We'll be asking why the public has little trust in the country's media and examining what difficulties a local independent outlet faces as it tries to upset t...
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Car sales drop by 24.7 pct in June and 33.1 pct in first 6 months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell by 24.7 percent in June, softening compared to a sharper drop of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In June 2019, the year-on-year chan...
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Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln
EconomyMacroeconomyThe budget primary balance up to August 2022 came to a small surplus of 10 million euros, compared to a deficit of 6.38 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Fri...
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Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
EconomyMacroeconomyThe budget primary balance for the first eight months of 2022 came to a small surplus of 20 million euros, compared to a deficit of 6.38 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data ...
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PMI records 6 months of improved manufacturing conditions, but outlook less upbeat
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion territory in July, rebounding to 53.5 points, from 51.8 points in June, according to S&P Global data released on Tuesday. This was the sixth straight month that the conditions in the Greek manufacturing s...
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Economic sentiment up in Jan, consumer confidence plunges by 6 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) experienced a solid recovery in January, rising by 1.4 points to 107.2, after an increase of 0.4 points in December, according to European Commission figures released on Tuesday. This is the highest sentiment reading si...
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBanking, collections and liquidations (4.4 billion) and selected sales (2 billion). P&L NII remained almost... by the impact of asset deleveraging. Fees increased by almost 2 percent QoQ to 82 million, while the top-line benefitted from other income of 37 million in Q2 from -2 million in Q1, largely due
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Newsletter 415 - 08/03/2024
, as the momentum from the pandemic recovery started to ease, GDP recorded growth rates of 2 pct, 2.7 pct... for Greek banks to all-time highs, hovering around 6 pct, and Greek lenders to high net interest..., growth of 2 pct that outpaces the EU and the eurozone almost four times can hardly be considered
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Why did Greece return to bond markets now? Was it the right decision?
Economyof that, the yield on 10-year Greek bond looked to be heading below the 6 percent mark. However... and European Parliament election in May. 2) Who bought the bond and can we discern anything from... indicated that Greek officials felt a yield of around 6 percent would be satisfactory. It should
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