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ND on spot over police raid but opinion poll ratings provide comfort
PoliticsGreek Politicsto Kyriakos Mitsotakis that Pulse’s data indicates that ND voters are still showing considerable support
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Current account lands on deficit of 673.4 mln in October, aggregate at deficit of 697.4 mln
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 673.4 million euros in October, from a surplus of 886.6 million in September, according to Bank of Greece (BoG) data released on Friday. In the same period last year, the deficit was deeper and stood at nearly 915 million euros, down by 241
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Industrial turnover drops by 7.4 pct in October
EconomyMacroeconomyGreece’s industrial turnover edged down sharply by 7.4 percent year-on-year (YoY) in October, from a marginal drop of 0.6 percent in September, Hellenic Statistical Authority (ELSTAT) data published on Friday showed. October’s reading is the sixth negative reading in the year to date and the third
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BoG sets out positives and next steps for economy, forecasts 2.4 pct growth in 2020
Economyavailable national accounts data for the first nine months of the year, the BoG expects the Greek economy
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Oct travel receipts up by 4.1 pct, boosted by rise in visitors from UK and Russia
EconomyMacroeconomyGreece’s travel balance rose to 1.19 billion euros in October from 1.21 billion a year ago, according to Bank of Greece (BoG) data released on Monday. Receipts came to 1.44 billion euros, rising by 4.1 percent year-on-year (YoY). Travel payments jumped by 44.8 percent to 250 million euros. Foreign
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New pension system, lower primary surpluses among govt targets for 2020
PoliticsGreek Politicspercent. The revision is based on a number of positive data points which emerged in December
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Retail turnover increases by 6.6 pct in Oct, volume up by 7.1 pct
EconomyMacroeconomyGreece’s retail sales index increased by 6.6 percent in October following a slightly downward revised increase of 4.4 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The figure is the fifth positive reading for the year so far. It is also the highest reading
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PMI at 53.9 points in Dec, marking solid end to 2019
EconomyMacroeconomyGreece’s manufacturing PMI edged down to 53.9 points in December from 54.1 points in November, according to the latest data from Markit PMI. Markit noted that this positive performance has maintained the current sequence of expansion for over two and a half years. Production remained strong during
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Overall loan interest rate edges up to 4.34 pct in Nov
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.34 percent in November, up by 2 basis points (bps) from the rate of 4.32 noted in October, data from the Bank of Greece (BoG) showed on Tuesday. The spread between loan and deposit
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Industrial production drops sharply by 8.1 pct in Nov
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped by 8.1 percent year-on-year (YoY) in November, following a revised upwards rise of 0.1 percent versus a 0.3 percent drop in October, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. The headline figure of November
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