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  1. Car sales rise by 4.1 pct in Dec, taking annual increase for 2018 to 22.6 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    on Thursday. During December 2017, the year-on-year rise came to 16.1 percent. Car sales for the month.... The aggregate figure for the full year showed that sales increased by 22.6 percent, coming to 190,847... the respective period a year ago, motorcycle sales had declined by 61.9 percent in December 2017, and by 28.2

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  2. Apartment prices up by 2.5 pct in Q4 and 1.5 pct in 2018 as property recovery solidifies
    Photo by MacroPolis

    EconomyMacroeconomy

    The nominal value of apartments in Greece during the fourth quarter (Q4) of the year showed a rise of 2.5 percent year-on-year (YoY) Bank of Greece (BoG) data showed on Tuesday. According to revised... of 2.9 percent was observed. It brings the average price rise for the year to 1.5 percent in 2018

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  3. A snapshot of the Greek economy

    Agora

    Following January’s five-year bond issuance, which raised 2.5 billion, along with Moody’s upgrading... the 419 investors (over 50 percent more than those who participated in the five-year bond issue... with the Ministry of Finance’s recent predictions about this year’s performance, provide a great opportunity

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  4. In latest election pledge, Tsipras vows to ditch lower tax-free threshold
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    -free threshold for incomes next year if he becomes prime minister again. In the latest of his... the end of the year. “The tax-free threshold will not be reduced as long as SYRIZA is the government,” he... in reference to the reduction to pension spending that had been agreed with the lenders for this year

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  5. Fiscal data points to primary surplus of 4.4 pct in 2018, beating target of 3.5 pct
    Photo by MacroPolis

    Economy

    corresponds to 1.1 percent of GDP. This is the third successive year that Greece runs an overall surplus... are improved over the previous year when social security funds had a surplus of 2.78 billion, local..., as the economy grew. It is worth noting that expenditure last year included one-off items related to backpay

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  6. Economic sentiment down to 100.3 in April, consumer confidence continues to strengthen
    Photo by MacroPolis

    EconomyMacroeconomy

    mark. Barring January’s reading of 99.6, the index has remained above 100 points in the year so far... September 2018. Year-on-year, industry confidence has improved by 0.3 points. The services index fell by 4.9 points to 5.6 points after having strengthened to 10.5 points in March. Year-on-year

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  7. Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
    Photo by MacroPolis

    EconomyBanking

    to a profit of 19 million euros compared to profits of 133 million euros in Q4. In the same quarter last year... year came to 196 million euros. Net interest income (NII) rose by 1 percent QoQ to 360 million euros, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 500

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  8. June employment balance positive by 31,407
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    is the fifth consecutive positive balance in the year so far. According to Ergani's data, June has traditionally recorded a positive hiring balance for every year except for 2009, when a negative balance of 1,910 was noted. Compared to the same month last year, there were 2,213 fewer hirings than

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  9. Staikouras strikes note of caution on fiscal space and tax cuts

    EconomyProgramme

    with the European creditors. Christos Staikouras said that the only certain intervention for next year... that following this year’s reduction in property tax, there is no room for any added relief measures. He is confident, though, that there will be no fiscal gap this year and that the 3.5 percent of GDP primary

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  10. Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    percent year-on-year (YoY). The top three countries of origin for visitors were Germany, the UK... billion euros, increasing by 9.3 percent year-on-year (YoY). Travel payments also increased by 18.4... could impact tourism revenues this year if the trend persists. Revenues generated by German visitors

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