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Retail sales rise in July for second straight month - not seen since 2010
EconomyMacroeconomythe highest drop in 7-month retail turnover, followed by food, beverages and tobacco (down 6.3 percent... and other goods recorded a mid-single digit rise (up 5 percent), while clothing and footwear (up 3.1 percent) and pharmaceutical products and cosmetics (up 1.4 percent) showed a more moderate
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingmillion in Q3, up by 10 percent on the Q2 figure of 83 million. Bottom-line results for the quarter... provisions, which stood at 368 million up 7 percent QoQ. Similarly to the previous quarter’s performance... by a modest 1 percent QoQ. The yearly drop mainly stems from a double-digit decrease in personnel
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Greek retail sales back on upward course in October after brief dip
EconomyMacroeconomyAfter a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index.... On the flipside, department stores registered a double digit drop (10.7 percent), followed by food... change in turnover mainly reflects a drop in books, stationery and other goods by 12.4 percent, after
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Stronger rise of 4.1 pct for Greek industrial turnover in October
EconomyMacroeconomyat an accelerating pace of 4.1 percent from an upward revised 2.4 percent drop in September, according... still points to a drop of 2.4 percent. The change in October mainly reflects a similar rise... substantially improved by 40.4 percent, followed by machinery and equipment (up 17.1 percent), other
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomy, at an accelerating pace of 17.6 percent after a 9.6 percent drop in November. December reading indicates the highest monthly drop in 2014. In absolute terms, arrears fell to 3.75 billion euros at the end... settling at 1.77 billion making up 47 percent of total arrears. Tax refunds were the only subsector
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Current account deficit widens to 404 mln in March
EconomyMacroeconomyby 8.1 percent with receipts up 13.3 percent, entirely reflecting a strong growth (+34.3 percent) in non-residents’ arrivals (up 34.3 percent). The aggregate figures for the first quarter (Q1) of 2015... a sharp drop in the primary income surplus (by 859 million) followed by a narrowing of the services
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National Bank posts losses of 159 mln in Q1 2015
EconomyBanking(PPI) eased 2 percent QoQ to 357 million in Q1 reflecting a drop in operating income and expenses.... On the flipside, the domestic lending spread slipped by 5 bps mainly arising from a 14 and 10 bps drop.... In the Greek market, the NPL ratio edged up to 32 percent in Q1 from 31.9 percent in Q4. NPL formation
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Travel receipts rise by 16.3 pct in April on jump in arrivals
EconomyMacroeconomywith the drop in payments led the April travel surplus to 311.9 million, up 40.5 percent from last year’s... in receipts is entirely due to soaring international tourist arrivals (up 28.3 percent) to 934,200... France, which was the outperformer in the first quarter, showed a drop by 2 percent in April arrivals
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General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow
EconomyMacroeconomya drop in revenues by 13.7 percent outpacing a reduction in expenditure by 6 percent. A similar... imminent external funding needs. The biggest rise was recorded by SSF arrears, up by 108 million MoM.... The largest share relates to the public healthcare provider EOPYY with its arrears at 1.63 billion up
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyin Q2. Flash estimates had indicated a 0.7 percent QoQ drop in Q2. For the first half of the year... is the largest contributor, making up 70 percent of GDP. Since the peak in 2008, it has posted... formation dived by 10.6 percent QoQ in Q2 after an 8.4 percent drop in Q1 amid uncertainty and restrained
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