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Net job hirings reach 40,599 in six-month
EconomyMacroeconomyThe employment balance stayed positive in June 2017 with net hirings climbing by around 55,600 to 99,197 from 33,608 a year ago, data from the Labour Ministry’s Ergani information system revealed on Friday. June represents the fifth month in a row with positive net growth in the job market., albeit
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Industrial production grows 5.4 pct in May after marginal rise in April
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 5.4 percent in May following upwardly revised growth of 0.8 percent in May, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. The headline figure for May is the eighth successive positive reading, recovering from the growth
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Car sales rebound by 28.2 pct in June
EconomyMacroeconomyRoad motor vehicles (going into circulation for the first time) rose by 28.2 percent in June after falling by 2.7 percent in May, Authority (ELSTAT) data showed on Monday. Car sales came to 15,945 in June, falling from the figure in May. Passenger cars rose by 30.9 per cent in June following a drop
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBankingby banks made up 26.6 and 44.8 percent of NPEs. BoG data showed that 73.7 percent of the NPEs
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Building activity falls by 0.9 pct in April
EconomyMacroeconomyHellenic Statistical Authority (ELSTAT) data released on Wednesday showed that Greek building permits declined by 0.9 percent in April, reversing the growth of 24.7 percent noted in March. The headline figure returns building permit activity to negative territory after a brief rally in April
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How Cyprus re-entered the market
Agorabasis points above the benchmark if it does issue a bond this week. Bloomberg data for yields
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Primary cash balance records deficit of 434 mln in first six months
EconomyMacroeconomyGreece’s central government primary cash balance turned to a deficit of 434 million euros in the first six months of 2017 from a surplus of 2.76 billion last year, Bank of Greece (BoG) data revealed on Wednesday. This year’s figure includes arrears’ repayments of 799 million, of which 76 million
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Credit standards and demand for corporate, household loans stay stable in Q2
EconomyMacroeconomyCredit standards for both corporate and household loans stayed unchanged from the previous quarter in the second quarter (Q2) of 2017, in line with earlier expectations, the Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday. The survey mainly incorporates data of the four systemic
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New overdue tax obligations reach 717 mln in May, total at 95.2 bln
EconomyMacroeconomyGreece’s new tax debt eased slightly to 717 million euros in May from 754 million in April, the Independent Authority of Public Revenues (IAPR) data revealed. New unpaid obligations from tax categories rose by 599 million in May, a notable decline from the figure of 714 million in April. Around one
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Parents main source of income for most young Greeks
Societypercent), the European Union (73 percent) and businesses (52 percent). According to the latest data
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