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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyare better than polls forecasting marginal GDP growth both QoQ and YoY. Incorporating the Q3... to a strong rebound well in excess of 2 percent. The most optimistic estimate of 2.8 percent is from the IMF
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First day of review talks highlights differences as Athens eyes tight schedule
EconomyProgrammeand enhancement of collective labour agreements, while she also expressed the government’s strong opposition... powerful than firm-level deals. They also repeated their calls for the limit on mass dismissals
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Greek stocks rise for third consecutive week as trading increases
Economy, the market has posted gains of 5.9 percent. Bank stocks displayed a volatile performance, with strong... showed net profits more than doubling to 76.1 million in Q3, while gross profits also notable improved
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBanking. In specific, the market value of HFSF bank holdings fell by more than 1 billion in the course of the first.... However, the strong rebound of bank shares by 27.1 percent since then has led the current market value
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Car sales keep their rising trend, up 18.4 pct in November
EconomyMacroeconomyperiod. They make up almost 83 percent of car sales, while more than half (52 percent) are registered... sources, the upswing since 2014 largely reflects renewal of Rent-a-Car fleets, on the back of strong
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Capital controls trigger big rise in card use and VAT revenues, Bank of Greece data shows
EconomyMacroeconomyin VAT revenues is attributed to the positive impact of factors other than the tax base and VAT rates... the launch of strong initiatives for the use of credit or debit cards. These include tax breaks
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Industrial turnover on downward trend again after 2.8 pct drop in Oct
EconomyMacroeconomyperformance was more than offset by a drop in consumer non-durables (-8.3 percent) and intermediate goods (-2.8 percent), while turnover in energy edged down 0.3 percent. A strong rebound was posted
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HFSF records losses of 1.2 bln in 9-month amid revaluation losses from bank holdings
EconomyBankingat the end of September from 2.38 billion at the end of 2015. However, the banking index’s strong... expenses more than tripled to 4.8 million from 1.47 million in the previous year, largely due to a sharp
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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomya strong increase in taxes by 3.84 billion to 42.35 billion, while social contributions rebounded... than 78 percent of the total figure. The remaining guarantees of around 13 billion are split between
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Tsipras dismisses snap polls and new measures as review deal hangs in balance
PoliticsGreek Politicsthe institutions are proposing and is actually prepared to go further than what even “the most extreme lenders... to creditors’ demands so it can finish a strong second to New Democracy and still have powerful
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