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  1. Another big drop for building activity, which fell by 35.3 pct in January
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    region (Athens, Piraeus and suburbs) stood at 25.4 percent, slightly lower than the country average... that is three times higher than the GDP contraction over the same period. Housing loans – indirectly related... of September 2013, which is more than 3.5 times higher than the end-2009 figure of 7.4 percent, according

    1%

  2. Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
    Photo by MacroPolis

    Economy

    to April narrowed by 52.8 percent to 1.14 billion euros. Although at lower than the first quarter... (390 million), which more than offset lower net revenues (1.05 billion). The monthly performance... than April 2013 figure. The budget deficit in April also shrank by 35.1 percent year on year (YoY

    1%

  3. Local elections in Greece a precursor of European vote
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    tend to throw their support behind candidates rather than directly nominate them. Nevertheless... that if a mayoral candidate gets more than 42 percent in the first round, he or she is elected... than the first. It has been suggested that a lower turnout next Sunday suits the government as it would

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  4. First round of local elections leave Greek politics finely balanced
    Photo by MacroPolis

    PoliticsGreek Politics

    to just edge out Sakellaridis for first place but the latter performed better than expected by beating... Attica governor. She caused an upset by gathering more support than incumbent Yiannis Sgouros, who... and Attica is a blow for the party, which took the risk of nominating candidates rather than following

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  5. Data for May shows Greek PMI in growth territory for second straight month

    EconomyMacroeconomy

    in production levels in May was slightly lower than that in April, but it remained solid, according... levels was slightly higher than that of inflows of new orders partly reflecting the continued progress... since the end of 2007, although the rate of job creation was slower than that posted in April. Firms

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  6. Budget execution shows primary surplus of 711 mln, 503 mln ahead of target

    EconomyMacroeconomy

    revision mainly reflects higher forecasts for revenues (by 1 billion), more than offsetting higher... of 620 million to April) more than offsetting lower Public Investment Budget (PIB) balance (-129 million... is lower than the 495 million recorded in April. In contrast, the May budget deficit stood at 839

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  7. Eurobank reports net loss of 301.1 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    , the underlying net loss stood at 186.2 million euros, which was slightly lower than the 189.3 million posted... improved by more than 3 percentage points QoQ to 54.6 percent in line with its domestic peers. The non... ratio is in line with that of Piraeus, but lower than the 58 and 56 percent reported by Alpha

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  8. Increase in car sales accelerates to 44.3 pct in September

    EconomyMacroeconomy

    than double from the August reading, according to the Hellenic Statistical Authority (ELSTAT... than 80 percent) of new licenses in road motor cars stems from passenger cars, which soared 46.3... than half of total motor vehicle circulation licenses, showed a slower growth rate in September

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  9. Greek economic contraction during crisis higher at 24.6 pct, revised data shows
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    for 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than... was minimal, with 2013 nominal GDP now standing at 182.44 billion euros, just 0.2 percent higher than... more than previously recorded by ELSTAT. This corresponds to a cumulative GDP contraction of 24.6

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  10. September revenues drive 9-month Greek primary surplus up to 2.53 bln

    Economy

    euros better than target) more than offsetting the Public Investment Budget (PIB) balance (258 million... figure at 2.6 billion, more than 300 million above target. After a slight increase in August... better than target. Interest payments fell by 8.9 percent to 4.82 billion in the 9-month period almost

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