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  1. BoG notes economic progress, urges safeguarding of fiscal credibility
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    , from 94.4 billion the previous year. The ratio stood at 45.4 percent of total loans, down from 47.2... in the sector. The capital adequacy ratio stood at 16 percent at the end of last year, from 17 percent... to grow by 1.9 percent this year, matching the growth of 2018, which is below the estimates

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  2. The main economic challenges that will define the Mitsotakis reign

    Agora

    a year without any major economic hiccups, it has started to re-establish market access and has... this year by close to 900 million euros. They have already called for corrective action. Considering... last year. A recent study by IHS Markit on the prospects of the Greek economy highlighted that tax

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  3. National Bank first to test market waters in post-election afterglow
    National Bank

    Economy

    market last year. Still, such sales are little more than sticking plasters on the gaping wound... year. The pick of deputy finance minister responsible for the banks suggests the same thing. George... a few months ago, with yields doggedly above 4 percent for most of last year and only dropping below 3

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  4. Talks to begin on plan to rescue PPC from dire financial straits

    Economy

    by an independent consultant. No bids qualified for the Megalopolis unit. PPC’s full-year results... in the first quarter of the year, with the company posting net losses of 205.1 million from 12.6 million euros in the same quarter last year. The results also revealed that the company’s market share fell

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  5. Industrial turnover drops by 2.3 pct in May
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    Greece’s industrial turnover fell by 2.3 percent year-on-year (YoY) in May compared to a rise... reading is the third negative reading in the year so far. The 12-month trailing index grew by 7.9... new clients while others noted slower expansion compared to earlier in the year. In addition

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  6. July employment balance turns negative by 14,691 after five straight months of positive data
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    of positive balances. Compared to the same month last year, there were 6,081 fewer hirings than... were education (-32,653), reflecting the end of the school year, followed by sport activities... that the balance for the first seven months of the year in 2019 was the second highest on record since 2001

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  7. Industrial production rises by 0.3 pct in Jun and 1.2 pct in 6-month period
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) increased by 0.3 percent year-on-year (YoY) in June... and quarrying. The aggregate figure for the first six months of the year showed that the IPI rose by 1.2...-on-month to stand at 1.7 points. Year-on-year, industry confidence has fallen by 3.7 points. Additionally

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  8. Building permits increase by 7.4 pct in May

    EconomyMacroeconomy

    Building permits rose by 7.4 percent year-on-year (YoY) in May compared to a rise of 14.6 percent... of the year, building permits edged down by 0.1 percent. Total permits in the aggregate period stood... the total for 2017 by 1,478 permits. However, the total for the year is roughly 84 percent lower than

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  9. Industrial turnover drops by 7.5 pct in June
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    Greece’s industrial turnover fell by 7.5 percent year-on-year (YoY) in June following a revised.... June’s reading is the fourth negative reading in the year so far. The 12-month trailing index grew... of expansions for the rest of the year. Sentiment among Greek manufacturers was the highest since

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  10. Deposits rise by 1.60 bln in July
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in both January and February of this year. The outstanding balance of private sector deposits... of 50.48 billion and sight deposits of 33.94 billion. In July last year, net deposit movement... consecutive month with a positive balance of 4.36 billion euros in the first half of the year

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