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  1. BoG charts how crisis has affected private sector employment

    Economy

    employment at 0.1 percent. In addition, this positive trend was reversed in April, which recorded a drop... for men in 2004-2011) and a similar drop in the January 2012 – November 2013 period, at -12.8 percent

    4%

  2. Sudden spurt for Greek exports, which rose by 11.3 pct in June

    EconomyMacroeconomy

    The rate of change in Greece’s exports turned positive showing an increase of 11.3 percent in June following a drop of 7.5 percent in May, according to the flash estimates released by Hellenic.... Excluding the impact of oil products, exports eased by 0.9 percent. This stemmed from a drop in exports

    4%

  3. Rate of credit contraction rises to 3.7 pct in July, balances fall
    Photo by MacroPolis

    EconomyMacroeconomy

    The rate of drop in Greek credit to the private sector accelerated to 3.7 percent in July from 3.5 percent in June, according to the Bank of Greece (BoG). Balances fell to 213.86 billion euros... million in June. Corporate lending balances further eased to 101.2 billion euros in July. The rate of drop

    4%

  4. Small but rare rise of 0.4 pct for Greek retail turnover in June
    Photo by MacroPolis

    EconomyMacroeconomy

    ). Retail volume showed a higher increase at 3.8 percent in June from a drop of 3.6 percent recorded in May... the first half figures, which showed the drop in 6-month retail turnover decelerated to 2.2 percent from

    4%

  5. Piraeus Bank reports net profit of 164.3 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    funding cost, also involving a 26 bps drop in time deposit rates, and higher loan NII. June time... operations. The quarterly movement reflects a drop in savings and sight deposits by 5.1 and 2.3 percent

    4%

  6. Greek banks' Eurosystem funding declines by another 53 mln in August

    EconomyMacroeconomy

    November 2009. The marginal drop in August is fully attributed to ECB funding, while the Emergency... drop by 18.66 billion on the year-end 2013 figure of 63.23 billion. ELA funding was eliminated since

    4%

  7. Current account surplus reaches 1.68 bln in July thanks to services
    Photo by MacroPolis

    EconomyMacroeconomy

    million. This outweighed widening of the trade deficit by 211 million euros and a slight drop... by a drop in the income deficit (by 534 million) and a rise in the current transfers’ surplus (by 419

    4%

  8. Greek economic sentiment and consumer confidence fall for third month in a row
    Photo by MacroPolis

    EconomyMacroeconomy

    to -47.7 in June recording a cumulative drop of 8 points thereafter. Nevertheless, the balance since..., recording a drop of 11.6 points since August. The September figure is the lowest reading since December 2013.

    4%

  9. Tourism helps bring Greek unemployment down to 26.4 pct in July
    Photo by MacroPolis

    EconomyMacroeconomy

    is an increase by 34,200 from the June figure. However, the cumulative drop over the past 5 years stands... and 45-54) posted a much lower drop YoY and landed at 35.4, 22.3 and 20.4 percent respectively

    4%

  10. Developments in Greece produce volatile market reaction

    Economy

    , for Greek bank stocks the drop was much higher. They reached 8.4 percent on Friday, with weekly losses.... This is a more aggravated drop than the ASE, which showed losses of 8.2 percent over the same period

    4%