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  1. A macroeconomic assessment of the Cypriot economy after the haircut
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    anticipated drop in consumption and GDP as the impact of reduced nominal salaries on consumption has... is a temporary rather than a permanent drop in income, and because they do not consider bank deposits... picked up by the Cypriot government. On the other hand, the Cypriot government’s attempt to defend

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  2. Majority of services sectors still see contraction in turnover in Q1 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    ). The highest drop was recorded in architectural and engineering activities (down 27.2 percent), cleaning...). It is noteworthy that the same activities had also posted a double-digit drop in the corresponding period last year... 2014, namely computer programming, consultancy and related activities (up 18.9 percent) and other

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  3. Greek trade deficit rises further in April as exports fall by 20.8 pct

    EconomyMacroeconomy

    (ELSTAT). April’s performance led the 4-month trade deficit up 6.8 percent to 7.11 billion. The double-digit growth posted in March reflects a drop of imports by 7.5 percent and a higher decrease... products, April imports and exports exhibit a slower drop of 3.8 and 12.4 percent respectively

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  4. Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
    Photo by MacroPolis

    EconomyMacroeconomy

    stable YoY in Q2 after a marginal drop of 0.1 percent in Q1. The Q2 rate of zero percent is the first... forecasts foresee a 5.3 percent rise in 2014 after a 12.8 percent drop last year. Taking into account that gross fixed capital formation slipped 4.2 percent in H1, this specific target - which made up 14

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  5. Greece is least socially just country in EU, report indicates
    Photo by Harry van Versendaal

    Society

    This meant that Greece suffered a drop of 0.86 on the mark it gained in 2008. Only Ireland had a bigger..., with the exception of Slovakia (17th place), Ireland (18th) and Estonia (22nd), is taken up... and to open up social opportunities.” Greece ranks last in the category “Access to Labour Market

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  6. Greek building activity drops by another 8 pct in July

    EconomyMacroeconomy

    of building permits at 44.4 and 29.2 percent respectively. In contrast, the drop in West Greece (-26.7... of the 7-month figures showed only two regions posted a rise in permits, namely West Macedonia (up 11.2 percent) and Epirus (up 4 percent). The highest decline was recorded in Thessaly (-32 percent) as well

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  7. Eurobank reports loss of 186.6 mln in Q3
    Photo by MacroPolis

    EconomyBanking

    a drop in operating income by 3.1 percent to 474.8 million and a slightly higher cut in operating... further room for NII improvement in the coming months. The QoQ drop in operating expenses fully reflects.... In the previous quarter the bank had posted a double drop in NPL formation by almost 300 million. Commenting

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  8. Newsletter 38 - 07/08/2015

    Newsletters

    and businesses, with recent surveys pointing to an average drop of around 50 percent in company turnover... whether Greece is in a position to wrap up its third bailout in time to receive new funding to pay... reading since June 2012. This was the second consecutive monthly decline and it was matched by a drop

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  9. Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    The drop in the Greek Consumer Price Index (CPI) decelerated further to 0.2 percent in December... 2013. The Core Index posted a drop of 0.3 percent in December with goods index down by 0.4 percent, while the services index edged up by 0.1 percent for the first positive reading since August 2012

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  10. Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
    Photo by MacroPolis

    EconomyBanking

    reflects a notable rise in the pre-provision income (PPI) and a significant drop in loan loss provisions... in operating income coupled with cost containment led PPI up by almost 58 percent QoQ to 261.1 million... to a notable drop in the cost of risk (provisions over loans) to 1.76 percent in Q1 from 2.64 percent

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