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Greek stocks up for second straight week, rising by 5.5 pct
EconomyThe Greek market advanced for the second successive week by 5.5 percent also supported by a rebound in the global markets. Institutions’ technical teams are working with Greek authorities... on Friday, its highest level since February 4. However, Greek shares are still posting losses of 19.7
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyGreek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February... capital controls were imposed. Following the drop in February, the time deposit rate in the Greek market...). As a result, the Greek corporate lending rates were kept around 150-250 bps above the euro area
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Four in 10 Greek firms thinking about moving abroad, survey shows
EconomyA survey conducted by Endeavor Greece, the Greek subsidiary of the global non-profit organization, showed 39 percent of Greek companies are considering transferring their headquarters... for staying in the Greek market involve legacy and market knowhow (53 percent), market opportunities
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Greek 2015 primary surplus at 0.7 of GDP under programme method as Athens looks for boost
EconomyMacroeconomyincludes the latest round of support for the recapitalisation of the Greek banks – was 6.05 billion euros or 3.4 percent of GDP. According to ELSTAT, support for Greek banks amounted to 7.16 billion... portfolio holdings of Greek government securities. In 2015, general government expenditure totalled
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Greek effort to heal rift with Balkan neighbours may have come too late
PoliticsForeign Policythe invitation issued by Greek Foreign Minister Nikos Kotzias. Whether the gathering was enough to lead... elsewhere. For instance, on April 21 two military helicopters from FYROM violated Greek air space... overflights without permission from Greek authorities. Kotzias is also thought to have complained about
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Launch of new movement highlights fragmentation of Greek centre-left
PoliticsGreek Politics, highlighting the fragmentation in this part of the Greek political spectrum. With PASOK... faith in the procedure, the centre left of Greek politics is in a state of confusion. The prospect... and tear after passing the austerity package has pushed Greek social democrats, who seemed
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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankingsuch transaction by a Greek bank since 2007. NBG raised medium-term funding of 300 million euros from... Investment (EFSI) and the EBRD to provide working capital for Greek SMEs as well as new lending... on July 25 it fully paid back pillar II bonds becoming the second Greek bank after Piraeus with zero
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Greek stocks rebound 2.6 pct during week as banks lead way
EconomyThe Greek stock market rebounded by 2.6 percent this week, its first such rise for the last three... Stock Exchange climbed to 574.05 on Friday, its highest level since September 7. However, Greek shares... Greek Roadshow in London organised by the Hellenic Exchanges concluded on Thursday
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Greek households continue to slash spending on goods and services
SocietyGreek households devoted a greater portion of their monthly household spend on food, housing...). The report noted that the share of Greek household spending on food, education and health is among the highest in Europe, while accommodation and housings takes up a lower share. Greek households
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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... was triggered by a drop in the Greek government bond yield to 6.7 percent coupled with improved international... four weeks, Greek shares have risen by almost 10 percent. Banks headed north for the fifth straight
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