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Stocks fall for fifth straight week, edging down 0.8 pct
EconomyThe Greek equity market continued heading south this week, remaining weak until Thursday amid the lack of any progress in negotiations with lenders on the second programme review. The negative sentiment was also fuelled by the publication of the Interna...
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Cyprus talks take a buffeting as leaders fall out
PoliticsForeign PolicyThe climate between the Greek Cypriot and Turkish Cypriot leaders deteriorated dramatically last Wednesday when a meeting was cancelled after Mustafa Akinci refused to attend. Akinci also cancelled this week's meeting and decided to attend the Islamic C...
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Retail sales rebound 1.4 pct in Jan after brief fall in Dec
EconomyMacroeconomyThe turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop of 1.3 percent in December, Hellenic Statistical Agency (ELSTAT) data revealed on Friday. The January headline figure represents the fourth positive readi...
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PMI up to 48.2 in April as new orders fall again, but outlook for year remains positive
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 1.5 points to 48.2 in April from 46.7 in March, Markit’s survey revealed on Tuesday. The April headline figure is the highest reading since December. It was also the eighth sub-50 reading. The latest downturn reflects ...
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April produces first fall this year for car sales, which tumbled by 7.5 pct
EconomyMacroeconomyThe number of vehicles going into circulation for the first time dropped by 7.5 percent in April after a surge of 43.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The headline figure for April March i...
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.73 billion euros for the first four months of 2017, down by 9.4 percent from last year’s figure of 1.9 billion. The figure was 928 million euros above the target, the Finance Ministry’s (MoF) final budget ex...
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General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed. Social security funds (SSFs) were the only subsector ...
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankingGreek banks reduced their branch network and employees in the domestic market further, according to the dataset of structural financial indicators for the EU banking sector which was published by the ECB. Bank branches in Greece were reduced by 215 to 2...
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Number of private sector employees rises in 2017 but wages fall
EconomyMacroeconomyThe annual data from the Labour Ministry’s information system (Ergani) detailed the figures on private sector companies and workers in 2017. The information was gathered by data fed by firms electronically into Ergani and is released to summarise activi...
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingAlpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing the loss of 64 million in Q4 2017. On an annual basis, the results for the current quarter are 35.3 percent higher than the results posted for Q1 2017, w...
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