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Trade deficit increases 4.8 pct in Dec and 4.5 pct in 2016 on rising imports
EconomyMacroeconomyGreece’s trade deficit increased at a faster pace of 4.8 percent in December from 1.2 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The upswing is largely attributed to a rise in imports by 3.7 percent, while exports also grew by 3 percent
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammefor lower tax credit wrongly compares actual tax declarations in Greece with household budget survey data
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammeprogramme in Greece and panel data for 27 countries, IMF (2015c) argues that fiscal adjustment
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Car sales soar 22.8 pct in first month of 2017
EconomyMacroeconomyRoad motor vehicles (going into circulation for the first time) surged 22.8 percent in January after a double-digit drop of 19.8 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The December headline figure represents the highest positive reading since last July
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) increased by 2.2 percent in December after a downward revised growth of 2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The headline figure for December is the ninth straight positive reading. The continued upswing
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Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016
EconomyMacroeconomyApartment prices in Greece dropped at a decelerating pace of 0.6 percent in the fourth quarter (Q4) of 2016, following a decline by 1.5 percent in Q3, Bank of Greece (BoG) data showed on Thursday. The headline figure for Q4 is the slowest drop rate since Q1 2009, when the apartment prices index
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Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
EconomyBankingis the third highest reading for the final quarter since 2003, when data was first made available. Write
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Russia sanctions, regional diplomacy dominate Tsipras visit to Ukraine
PoliticsForeign Policyunderstands these new data and on these he will act accordingly to safeguard his country’s interests.” Athens
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Building activity down 1.4 pct in November
EconomyMacroeconomyGreek building permits edged down 1.4 percent in November after dropping by 5.7 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The absolute figure for permits stood at 1,150 in November, which is the second highest reading in 2016, after the high of 1,392 posted
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Disabled rights still lacking in Greece
EconomyFeatureswith a disability were not receiving an education. Their report, based on data from 2010-2011, ActionAid found
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