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February deposit balance positive by 59 mln, reversing previous month's outflow
EconomyMacroeconomyNet deposit movement in the Greek banking system returned to positive territory in February with inflows of 59 million compared to outflows of 1.40 billion euros in January, Bank of Greece (BoG) figures revealed on Tuesday. The headline figure for the m...
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Industrial production down by 4.9 pct YoY in May but picks up from previous month
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June, compared to a slightly downward revised drop of 7.8 percent year-on-year (YoY) in May, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. Month...
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Industrial turnover drops by 3.8 pct in June, slowing from previous months
EconomyMacroeconomyGreece’s industrial turnover fell by 3.8 percent year-on-year (YoY) in June compared to a drop of 30.4 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed. After two preceding months where the headline figure fell ...
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CPI shoots up by 8.9 pct YoY and 2.7 pct on previous month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up more pace in March, rising by 8.9 percent year-on-year (YoY), from a 7.2 percent increase in February, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI...
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Deposits drop by 4.5 bln in Jan, reversing previous month's marked increase
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system dropped by 4.5 billion euros in January, reversing December’s impressive rise, when it jumped by 5 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday. D...
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Building permits up 5 pct in 2022, moderating from 26.6 pct rise in previous year
EconomyMacroeconomyBuilding permits closed last year on a growth trajectory thanks to a rise of 16.1 percent year-on-year (YoY), after an increase of 9 percent in November, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. The to...
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In 2024, Greece and Turkey look to build on diplomatic progress made in previous months
PoliticsForeign PolicyIn 2023, Greece and Turkey faced parliamentary and presidential elections respectively, which paved the way for a new chapter in their diplomatic relations. It became a year during which the two neighbouring countries experienced the calmest period in t...
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Scars for coalition, questions for SYRIZA after confidence vote
PoliticsGreek Politics, SYRIZA was only able to draw support for the motion from the anti-bailout Independent Greeks... former coalition partner Democratic Left voted “present” rather than express support... that the government attracted 153 votes of support. Tzakri, a former deputy interior minister, was not a leading
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Golden Dawn faces more legal action but is on course for strong election showing
PoliticsGreek Politicsoffices in northern Athens on November 1. Recent polls show support for the party ranging between 7..., that the possibility of Golden Dawn achieving double digit support in the European elections and coming third... support away from Golden Dawn. The Union for the Homeland and the People has strong nationalist line
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EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
Economythat recent data support expectations that Greece should return to growth in 2014. Confidence indicators... such as motorway construction are expected to help alleviate liquidity constraints and support investment... at 4.6 percent in 2014 and 5.5 percent in 2015. Employment support programmes along with a rise
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