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  1. IMF sets date for Article IV and DSA as markets mull Greek bonds
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    . OTE raise 400 million euros from a four-year bond issue, which oversubscribed by about five times... of reports each year. The Commission, instead, will report quarterly and decisions to implement debt... reports per year to our executive board. That involves a number of visits to Greece, engagement

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  2. No final word on pension cuts as lenders prepare for return to Athens next week
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyProgramme

    to be implemented next year. Speaking to journalists in Brussels on Tuesday, a European Commission... relating to next year’s budget. The institutions are due to arrive in Athens on September 10... comments, the lenders will examine whether there is enough fiscal space next year for the measure

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  3. CPI rises by 1 pct in August, staying positive for fifth month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    was the first year that overall prices rose in Greece. The positive streak was interrupted early... of price rises this year, and together with June’s reading represents the second this time year... (HICP) rose by 0.9 percent year-on-year in August. Month-on-month, the HICP decreased by a slight 0.2

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  4. Car ​sales rise by 36.8 pct in August with aggregate increase at 28.1 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for the month came to 14,434. The absolute figure for August last year stood at 10,549. Out... 122,020. In the first seven months of the year, the remaining sales were made up of motorcycles..., with the aggregate increase coming to 22 percent. During the respective period a year ago, motorcycle sales had

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  5. Turnover in services sector improves in Q2 2018

    EconomyMacroeconomy

    , Hellenic Statistical Authority (ELSTAT) figures showed on Friday. Specifically, year-on-year... in Q1. The three largest year-on-year rises were were noted in employment activity (+22.1 percent... is the lowest reading since January. Year to date, service confidence has dropped by 1.5 points.

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  6. Mortgage loans a key piece of NPL reduction puzzle

    EconomyBanking

    that in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction... the number of bad loans compared to other sectors. Year-on-year, bad loans in mortgages fell by only... have been reduced to 27.1 billion euros, with NPLs at 19.9 billion. By the end of the year, those

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  7. Moody's explains cautious approach to Greek credit rating upgrade
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    of being completely removed by early next year. The funding situation of the banks has improved... that the budget execution remains solid and given continued overperformance next year, the Greek authorities... by 2 percent this year and accelerating mildly to 2.2 percent in 2019. The total fiscal balance is seen

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  8. CPI up by 1.1 pct in Sept for highest rise since Nov 2017
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    of deflation, 2017 was the first year that overall prices rose in Greece. The positive streak... of price rises in the year so far, and is the highest increase in the year so far. Additionally.... The harmonised index of consumer prices (HICP) rose by 1.1 percent year-on-year in August. Month-on-month

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  9. Athens edges towards compromise on pension cuts but may have to plug fiscal gap
    Photo by MacroPolis

    EconomyProgramme

    the cancellation of the pension cuts that were due to kick in next year, but reports suggest that Athens... spending by 1 percent of GDP from January next year. According to unnamed sources who spoke to Ta Nea... block in the coming weeks could be a fiscal gap of 300-400 million euros next year. The institutions

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  10. Athens and lenders search for budget compromise by Thursday's EWG
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    Greece and the European institutions appear to be just days away from a compromise over next year’s... his government intends to scrap the 1 percent of GDP in pension cuts it had agreed next year and implement 765 million euros in “positive” measures, while also achieving next year’s primary surplus

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