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Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
EconomyMacroeconomyGreece’s trade deficit rose by 4 percent year-on-year (YoY) in June, significantly slowing from the 33.6 percent jump in June, according to data released by ELSTAT on Friday. The deficit came to 2.92 billion euros for July. Imports totalled 7.28 billion euros, falling by 3.1 percent YoY. Exports
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Retail sales up by 4 pct YoY in July as inflation drives volume rise of 2.1 pct
EconomyMacroeconomyGreece’s retail sales accelerated growth with a 4 percent year-on-year (YoY) in July, after a 3 percent increase in June, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index also had a rise of 2.1 percent YoY, from a 1.8 percent increase in June
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Coalition seeks to quash concerns about complications with Hellenikon development
PoliticsGreek Politicsfor the 6.2-million-square-meter site. The project has received some negative publicity from the media
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Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
EconomyMacroeconomyGreek non-seasonally-adjusted GDP contracted 3 percent in the third quarter of 2013, confirming flash estimates released on November 14, according to provisional data published by the Hellenic Statistical Authority (ELSTAT) on Monday. The GDP data indic...
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomyGreek private sector deposits increased by 0.4 percent month on month (mom) in November, for the first time since May, with balances reaching 161.04 billion euros, according to the Bank of Greece (BoG). Net inflows stood at 394 million in November from ...
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Newsletter 4 - 21/11/2014
Please mind the fiscal gap Differences likely due to qualitative approach taken by the Finance Ministry The fiscal gap for 2015 is perhaps the key issue in the current crucial negotiations with the troika. It has been reported that the troika expects th...
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Economic sentiment improves 4 pts in Jan but consumer confidence worsens 2.8 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved by another four points in January when it rose to 91.6, European Commission (EC) figures showed on Thursday. The January figure is the highest reading since May 2015. Since the beginning of the Greek crisis, ES...
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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus grew by almost 1.7 billion euros to 4.02 billion in the 7-month period of 2016 from 2.33 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday. The remarkable rise is main...
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Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 875 million eurso to 3.97 billion in the 10-month period of 2016 from 4.84 billion a year ago, Bank of Greece (BoG) figures displayed on Thursday. This year’s figure, though, incorporates arrears’...
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Episode 4 - The many sides of migration
AgoraFor the last few years, Greece has been in the frontline of the migration challenge - at least as far as Europe is concerned. Having a country with such limited financial and administrative resources in such a prominent role has generated a wide range o...
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