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Trade deficit declines by 7.9 pct in March
EconomyMacroeconomyGreece’s trade deficit fell by 7.9 percent year-on-year (YoY) in March compared to no change YoY... percent compared to the same month last year. A breakdown of the figures by geography showed... for the first three months of the year showed that the trade deficit fell by 4.4 percent, bringing
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CPI drops by 1.4 pct in April
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) dropped by 1.4 percent year-on-year (YoY) in April compared... by 2.5 percent while the services index showed no change year-on-year. The harmonised index of consumer prices (HICP) fell by 0.9 percent year-on-year in April. Month-on-month, the HICP decreased
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Building permits increase by 64.3 pct in February
EconomyMacroeconomyBuilding permits rose by 64.3 percent year-on-year (YoY) in February compared to a rise of 55.7... number of permits came to 1,599 staying above the 1,000-permit mark for close to a year... permits was issued in western Macedonia with 26 permits. During the first two months of the year, building
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingin the background is ongoing. In their full year results for 2019, the bank said that due to the coronavirus... billion euros in securitsaion portfolios on schedule as reported in their full year results... Bank of Greece noted in its full year report that it had several portfolios scheduled
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBanking(NII) in Q1 reached 360 million, flat year-on-year (YoY) and up by 1 percent lower quarter... since early March, totalling 2.2 billion since the start of the year. Funding costs (i.e. interest... at 50 percent in Q1 versus 56 percent in Q4 2019. Impairment charges for the year came to 510 million
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ECB boost for Greek debt as authorities ponder new market foray
Economyit will run for another year, until June 2021, and its size will effectively double to 1.35 trillion euros... this round of purchases. Following the pandemic outbreak earlier in the year, it saw its 10-year... of February after a flow of good news at the start of the year, such as the strong 15-year bond issue
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Trade deficit falls by 30.3 pct in April as Covid-19 restrictions hit trade
EconomyMacroeconomyGreece’s trade deficit fell by 30.3 percent year-on-year (YoY) in April compared to a drop of 7.9... totalled 2.07 billion euros, recording a drop of 30.6 percent compared to the same month last year... deficit fell by 39.7 percent YoY in April. The aggregate figure for the first four months of the year
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Turnover in tourism drops by 6.5 pct in Q1, reflecting hotel closure impact
EconomyMacroeconomyThe turnover index in accommodation and food services fell by 6.5 percent year-on-year (YoY... to 1.3 percent for the year, lower than the average increase noted in 2018 which came to 7.6 percent... million a year ago. Receipts came to 92.1 million euros for the month, falling by 71 percent YoY. Travel
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Car sales drop by 49.1 pct in May and 34.9 pct in first 5 months
EconomyMacroeconomyshowed on Wednesday. In May 2019, the year-on-year change showed a rise of 15.2 percent. Car sales for the month came to 11,723 compared to 23,010 in May last year. Out of the total, passenger car... prefecture. The aggregate figure for the first five months of the year showed that sales decreased by 34.9
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Turnover in services shows deterioration in Q1
EconomyMacroeconomy, Hellenic Statistical Authority (ELSTAT) figures showed on Monday. Specifically, year-on-year... services seen in Q4 2019. The three largest year-on-year rises were noted in services to buildings... decreased by 41.4 points month-on-month to 40.3 points. Year-on-year, the service confidence indicator
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