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April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
EconomyMacroeconomy(ELSTAT) data revealed on Friday. The headline figure is the sharpest drop in the index since... percent decrease in the mining and quarrying index, followed by a drop off 11.3 percent in manufacturing and a drop of 4.7 percent in the electricity supply index. An increase of 2.5 percent
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Fuels head 1.7 pct YoY drop in retail sales for Nov as volumes drop again
EconomyMacroeconomyGreece’s retail sales resumed contraction in October with a drop of 0.6 percent year-on-year (YoY), after an increase of 1.7 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index had another decline of 1.5 percent YoY. Volumes have now
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General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
EconomyMacroeconomyby 919 million to 11.15 billion, mostly on the back of a drop in social benefits by 470 million to 5.88... million to 400 million. Social benefits make up 52.7 percent of expenditure followed... and 124 million respectively. At the end of February, SSF arrears stood at 2.36 billion making up 46.8
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Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeaturesthe programme is living up to its promise, or whether critics are right to question the government’s... to transform the country's economic model. On the face of it, Greece is one of the RRF’s success stories... the milestones for their disbursement, which takes place in tranches up until 2026. Greece was originally
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Drop in industrial production accelerated in November with 6.1 pct decline
EconomyMacroeconomyThe drop in the Industrial Production Index (IPI) accelerated in November to 6.1 percent following... percent), July and August recording the highest drop (7.6 – 7.8 percent), while the other monthly readings showed a mid-single digit drop. IPI has only had only four positive year on year (yoy) readings
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Building activity suffers larger drop of 30.9 pct in November
EconomyMacroeconomypercent, while surface and volume recorded a slower drop, -16.4 and -10.3 percent respectively. According to the regional breakdown, the highest drop in November was posted in West Macedonia (down 51.2... to 16,400 in 2013 from 65,500 in 2008, almost three times the GDP drop in this period. Unlike other
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Drop in Greek CPI decelerates again to 2.1 pct in March
EconomyMacroeconomyThe drop in the Greek consumer price index (CPI) decelerated for the second straight month to 2.1... to the rate posted in February, when it had recorded a sharp drop from the January figure of 2.8...). It is noteworthy that none of the twelve main groups and services showed any MoM drop in prices in March
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports... of a double digit rise in receipts (+16.3 percent) and drop in the corresponding payments (-12.3 percent.... From the other key C/A components, the sharp drop in the primary income surplus is attributed
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraratios require domestic lenders to step up their provisioning, thus binding already scarce capital.... The asset managers in NAMA will have up to ten years to achieve the most favourable financial return... up to 15 years to achieve the most favourable financial return on the loan portfolio. SAREB
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Does the EU Commission suffer from optimism bias? (Part 1)
Agora% over the period 2019-70 under the baseline scenario. It will average 1.2% up to 2030, rising slightly to 1.3% during 2031-40 and to 1.4% in the 2040s. It is then expected to remain at this level up... see a burst in labor productivity growth through 2070 to catch up to the average level of labor
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