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Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall
EconomyMacroeconomyFollowing a drop in the preceding five months, Greek banks’ Eurosystem funding rose by 1.28 billion euros in October, according to the Bank of Greece's (BoG) monthly financial statement. The Emergency Liquidity Assistance (ELA) funding, which was elimin...
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Greek economic sentiment and consumer confidence fall sharply in December
EconomyMacroeconomyAfter improving in the preceding two months, Greece’s economic sentiment (ESI) fell by 3.8 points to 98.9 in December from 102.7 in November, according to the European Commission (EC). The ESI figure for December is the lowest reading since Apri, while ...
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Fall in Greek building activity accelerates to 19 pct in October
EconomyMacroeconomyΤhe number of building permits issued in Greece fell for the fifth straight month in October, when they declined by 19 percent from 11.2 percent in September, according to the Hellenic Statistical Authority (ELSTAT). This was the ninth negative reading ...
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...
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Trade deficit plunges by 21 pct in January as exports and imports fall
EconomyMacroeconomyAfter climbing by 26.9 percent in December, Greece’s trade deficit fell 21 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The absolute numbers show the trade deficit reached 1.27 billion in January, which is the second low...
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Greek PMI edges up in March but exports, factory output fall
EconomyMacroeconomyGreece’s Manufacturing PMI improved for the second straight month by 0.5 points to 48.9 in March from 48.4 in February, according to Markit. However, the March headline figure remained below the 50-point mark for the seventh successive month, while the ...
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Industrial turnover down by 9.8 pct in Feb for fourth straight fall
EconomyMacroeconomyThe Turnover Index in Industry headed south for the fourth straight month in February but at a decelerating pace of 9.8 percent from a downward revised 15.6 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The February rate ...
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Greek stocks down by 11.3 pct for biggest weekly fall of last month
EconomyGreek stocks recorded losses of 11.3 percent this week, which is the highest over the past four weeks. The negative performance fully reflects the drop in the first three sessions of the week. The last two sessions, albeit volatile, closed on positive g...
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Greek government's proposals to bridge gap with lenders appear to fall short
EconomyProgrammeAlong with the letter sent by the Greek Prime Minister Alexis Tsipras yesterday requesting a new 2-year loan from the ESM and extension of the second bailout programme for a short period, the government sent also a 2-page letter to the heads of the inst...
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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell for the sixth straight month in April at an accelerating pace of 3.3 percent from a downward revised 0.6 percent in March, according to the Hellenic Statistical Agency (ELSTAT). The April headline figure ...
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