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Economic sentiment reaches 101 pts in Dec, highest in more than 3 years
EconomyMacroeconomymonths of the year, when it edged up by 2.6 points to 101 from 98.4 in November, European Commission (EC..., the third drop in a row, and retail trade fell again from the reading of 2.3 points in November to -0.4 in December. Construction improved slightly to -58.3, up by 1 point. During 2017, industry
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Property ownership waning in Greece as renting takes over
Societyin Greece is currently around 73.9 percent, a drop of 7.7 percentage points from 2006, when the figure... they owned. This was backed up by many of them reporting delayed or late payment of rent as a problem... decade, up to 33 percent in the latest survey from 12.3 percent in 2006. The vast majority
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Athens presents growth plan outline as lenders continue to differ on debt relief
EconomyProgrammethat Athens can make in the days leading up to the meeting in Sofia later this month. The scheme sets out... to drop considerably from the current 3.5 percent. The European position so far is that it should... relief is certain to come up in the meeting between Finance Minister Euclid Tsakalotos and his
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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeaturesmethod of travel was by road (8.3 million, up by 8.7 percent) while arrivals by sea reflected a drop... of the balance of the trade deficit, or 14.7 billion out of 18.4 billion euros. Travel receipts made up 74
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March current account deficit at 955.8 mln on improvement in goods balance
EconomyMacroeconomyexports up by 16.1 percent at current and 11.2 percent at constant prices. Oil imports rose by 3... largely from an 1.9 billion-euro drop in residents' holdings of foreign bonds and T-Bills. A net... bonds and T-Bills. Reserve assets edged up slightly month-on-month to 6.63 billion in March from 6.55
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Mitsotakis applies pressure over MoU exit and name talks
PoliticsGreek Politicsmaking a “clean exit” from the programme, insisting that Tsipras has signed up to a fourth MoU even..., the lowering of the tax-free threshold due in 2020 and other fiscal measures which add up to 5.2 billion... to 20 percent, bring the ENFIA property levy down by 30 percent and drop the base income tax rate to 9
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingbillion euros according to BoG’s quarterly report that monitors progress with stock expected to drop... of bad loans totalling 800 million from small and medium-sized enterprises lined up for sale, which... to be completed by September 2018. Eurobank’s bad loan portfolio takes the form of loans up to 10,000 euros
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Trade deficit down by 15.8 pct in May on reduced imports, higher exports
EconomyMacroeconomyGreece’s trade deficit fell by 15.8 percent in May, picking up pace from April’s drop of 4.6 percent, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday... edging up by 0.5 percent in the aggregate period when these two categories are discounted overall.
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesA core group of 18 products made up the backbone of Greek exports during the crisis years... are considered to be rising export products, meaning that although they make up 3 percent of Greek... international demand, according to NBG. This was despite a drop in their relative prices, and points
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Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
EconomyMacroeconomy. The unemployed figures continue the improvement trend, with May showing a drop in unemployed by 18,029 compared..., edging down by 34,293 month-on-month, up by 7,263 year-on-year. The unemployment rate among women fell..., the lowest unemployment rate is found in Crete where the rate in May stands at 13.5 percent, up from
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