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Greek retail sales back on upward course in October after brief dip
EconomyMacroeconomyAfter a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index rose by 0.5 percent in October, according to the Hellenic Statistical Agency (ELSTAT). This was the fourth positive reading in the last five months and the...
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Stocks dip by 0.2 pct, lack of trading activity continues
EconomyThe Greek equity market traded in a relatively narrow range this week, when it slipped by 0.2 percent this week after a slight rebound of 0.7 percent in the previous week, amid light trading volumes. Investors are maintaing a wait-and-see stance until m...
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Net job hirings of 17,128 in September after brief dip
EconomyMacroeconomyThe employment balance returned to positive territory in September with a net figure of 17,128 as hirings outpaced departures, data from the Labour Ministry’s Ergani information system revealed on Friday. The September balance is the seventh reading of ...
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Building activity up by 18 pct in Jan, permits dip below 1,000-mark
EconomyMacroeconomyBuilding permits rose by 18 percent in January compared to a decrease of 6.7 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed. The data revealed that in the first month of 2018, the absolute number ...
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Rise of exports slowed in 2019, with goods suffering dip
EconomyFeaturesGreek exports appear to be undergoing a slowdown according to the latest export figures available, showing that in 2019, exports of goods grew by only 1 percent year-on-year (YoY). According to data from the Hellenic Statistical Authority (ELSTAT), expo...
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Economic sentiment at 90.7 in Aug, construction and retail dip
EconomyMacroeconomyGreece’s economic sentiment (ESI) edged down by 0.1 points month-on-month in August to reach 90.7 points, European Commission (EC) figures showed on Friday. In August, the Employment Expectations Indicator (EEI) for Greece came to 105.9 points compared ...
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IMF sees big dip of 9.5 pct for GDP in 2020 before mild recovery of 4.1 pct next year
EconomyMacroeconomyThe International Monetary Fund has issued its updated macroeconomic forecasts for Greece within the framework of the World Economic Outlook and the Fiscal Monitor released within as part of the IMF’s Annual Meetings. The Fund sees the Greek economy fal...
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EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in
EconomyMacroeconomyThe European Commission published on Thursday the economic forecasts for Europe within the context of the 2020 autumn forecasts. In the case of Greece, the release came just as the Prime Minister announced a new national lockdown. Naturally, the estimat...
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Deposits continue to slide in Feb as households and firms dip into savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted further in February with a drop of 1.07 billion euros, after a 5.24 billion euros drop in January, based on the latest Bank of Greece (BoG) figures released on Thursday. The annual g...
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Athens aiming to step up diplomatic contact with neighbours
PoliticsForeign Policyis based on a composite name erga omnes, he said that a compromise on the name issue involves... leader Panos Kammenos insisted that he will never accept a composite name for FYROM. He also proposed
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