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Here's why IOBE think tank sees Greek economy growing 0.7 pct this year
Economythis year is feasible, according to the quarterly report of the Foundation for Economic and Industrial... retreating this year by 2 to 3 percent (from a previous estimate that they would rise by 5 to 8 percent), yet at slower to previous year’s pace reflecting contracting trends. The official forecasts indicate
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Unpaid taxes for September fall to 1.03 bln but up 56.5 pct so far this year
EconomyMacroeconomyand remained above the 1-billion mark for the fourth successive month. The year to date figure of new.... The recorded decrease of 2.07 billion year to date reflects payments of 1.34 billion and write-offs of 726... for the whole year. The first target was almost met since the actual figure reached 994 million
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Tsipras makes end-year debt deal government's top priority
PoliticsGreek Politicscommitment from its lenders on debt relief before the end of the year and ahead of federal elections in Germany next year. Athens already seems to have shifted its position on the International Monetary... of the year, even if the medium- and long-term ones will be implemented after the end of the current
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Stocks up 2.1 pct in last week of 2016 as year's performance turns positive for first time since 2013
EconomyThe Greek equity market stayed on positive ground in the last week of the year with gains of 2.1..., the Athens Stock Exchange general index edged up 1.9 percent this year and closed at 643.64... years, which also incorporates a nosedive of around 29 percent within 2014. Since the year-low of 440.88
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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingmillion euros from 41.1 million in the previous quarter. For the whole year, the bank recorded net profits of 42.1 million versus losses of 1.37 billion a year ago dragged down by huge impairment... loan NII. For similar reasons, the full year NII improved by 1.4 percent from the previous year
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Industrial production grows by 1.9 pct in July for year's second highest rise
EconomyMacroeconomyfive positive months for the index, following two negative months at the start of this year. July’s reading is also the second highest for the year so far, after April’s rise of 2 percent. Last year... months of the year showed that the IPI rose by 0.7 percent. The figure was driven by a rise
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IMF expects difficult year for public finances, PBO highlights impact on labour force
EconomyMacroeconomythat was published on Tuesday. The Fund sees Greece running a fiscal deficit of 9 pct of GDP this year, followed... will turn negative this year and next: -5.1 pct of GDP in 2020 and -4.4 pct next year. Revenues as a percent of GDP will drop this year and next to 45.8 and 45.3 pct, from 48.3 pct of GDP in 2019
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Industrial production up by 22.5 percent in April after last year's lockdown
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 22.5 percent year-on-year (YoY) in April... supply was up 1.9 percent. During the first four months of the year, the IPI rose by 8.7 percent compared to the year before. The aggregate increase was driven by a 14.9 percent increase in electricity
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Building permits jump by 42.9 pct in March, from year-earlier start to lockdown
EconomyMacroeconomyBuilding permits increased by 42.9 percent year-on-year (YoY) in March after a decrease of 3.2.... The total number of permits came to 1,913. The increase from last year was when the country began its... a drop -- where 19 permits were issued compared with 20 last year. During the first three months
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Building permits jump by 124.5 pct in April, from year-earlier lockdown
EconomyMacroeconomyBuilding permits increased by 124.5 percent year-on-year (YoY) in April after an increase of 42.9.... The total number of permits came to 2,209. The increase from last year was when the country... permits were issued compared with 13 last year. During the first three months of the year, building
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