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  1. Apartment prices fall by 1.5 pct in Q3 for slowest drop since 2009

    EconomyMacroeconomy

    on quarter (QoQ) and 2.2 percent year on year (YoY) vis-à-vis the decline of 0.4 percent QoQ and 1 percent... percent) in 2015, which represents a deceleration for the third year in a row. Since 2009, the biggest... is heading south for the eleventh straight year. In specific, building permits plummeted by more

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  2. Eurogroup grants short-term debt relief but leaves Athens fretting over fiscal targets and IMF
    Photo via Fosphotos

    EconomyProgramme

    tranche of the 2nd Greek programme for the year 2017 and the use of the EFSF/ESM funding strategy... to help its efforts to return to the markets next year and boost growth. He added that the European... is somewhat of a setback for Tsipras, although if his government sees out its four-year term

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  3. Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
    Photo via Flickr https://flic.kr/p/4hVnhM

    EconomyMacroeconomy

    billion in October, which was the lowest reading since June 2007. Since the beginning of the year... percent lower than last year’s figure of 3.5 billion. The breakdown of the November lending flow showed... credit expansion of 0.2 percent from last year for the first time since August. Despite the recorded

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  4. Newsletter 102 - 13/01/2017

    Newsletters

    the Christmas and New Year hiatus, the government tried to jumpstart the review process this week in the hope..., the coalition argues that whatever measures are proposed, they will be of a contingent nature and New year.... For the whole year, the number of road motor cars put into circulation increased by 11 percent to 128,910

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  5. Pensions main source of finance for half of households as income falls again
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    (37.1 percent) homes said they survived on less than 10,000 euros a year, up from 36.3 in the previous year. Only 1.5 percent of households manages to save, which tallies with other findings... by 9.5 billion euros last year. In addition, a recent European Central Bank study showed that Greek

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  6. General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed... to a deficit of 701 million in 2016 from surplus of almost 1.9 billion a year ago. The breakdown showed... created in the second half of 2016 and 2.35 billion in the whole year. The most notable month

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  7. Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The provisional estimates also showed that GDP fell by 1.1 percent year on year (YoY) in Q4 after strong growth... figures for the whole year point to a marginal GDP contraction of 0.1 percent compared to growth of 0.3... to the corresponding period last year, private consumption rose 1.1 percent in Q4 after a much stronger

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  8. Primary cash surplus almost halves to 1.1 bln in 2-month
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 2017 from 2.09 billion a year ago, Bank of Greece (BoG) figures showed on Friday. This year’s... billion euros from 429 million in the corresponding period last year, largely due to revenues of around..., the Public Investment Budget (PIB) surplus shrank to just 197 million this year from 1.17 billion a year ago

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  9. Stocks climb 4.8 pct on increased optimism about deal with institutions
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    reached a year high on Thursday, although it edged down to 666.06 on Friday. Overall, Greek shares..., the average daily turnover improved to a new year-high of 54 million euros this week from 43 million... of 38.3 million in the fourth quarter (Q4) and 230 million for the whole year, while core pre-provision

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  10. Limited arrears clearance in first two months of 2017

    EconomyMacroeconomy

    million for the year to date, the Finance Ministry (MoF) bulletin for the payment of arrears revealed... months of the year exhibits a substantial slowdown compared to the second half of 2016 when arrears... of 3.13 billion last year, the end-2016 figure has been reduced by 1.49 billion, meaning that new

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