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  1. HELEX H1 2016 results show continuing drop in profits
    Photo via www.helex.com

    Economy

    compared to 18.5 million euros for the same period last year. After subtracting the Hellenic Capital... was 127 million shares compared to 189 million shares in the corresponding period last year... million euros for the same period last year, a 9 percent reduction. The group’s income tax rate is 29

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  2. Economic sentiment improves to its highest level of 90.7 pts for 2016, consumer confidence falls by 1.2 pts
    Photo by MacroPolis

    EconomyMacroeconomy

    , which is the highest reading in the course of 2016. Since the beginning of the year, ESI has... extended the year to date losses to 8.1 points. It is worth noting that consumer conficence is the only... points to -7.3 in July with the year to date gains at 6.3 points. The most notable rise was posted

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  3. Decline in retail sales accelerates to 8 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from... index recorded a drop of 6.4 percent compared to the same period last year, from 2 percent... demonstrable recovery since the low of August last year. In July it posted its highest reading since November

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  4. Building activity plummets 31.5 pct in May

    EconomyMacroeconomy

    of this year. The breakdown showed almost all regions recorded double-digit drops, with the most remarkable... permits compared to the decrease of 11.6 percent recorded in the first four months of the year... activity clearly remains in negative territory for the eleventh consecutive year. Although building

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  5. Greece's 2009 deficit makes for a good conspiracy; shame about the numbers

    Agora

    I believed that the issue of Greece’s 2009 deficit was definitely settled last year when Andreas... and Georgiou, who no longer heads ELSTAT after he resigned from his post a year ago, should appear before... that was implemented that year that pushed the deficit down to 20 billion euros. That volume

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  6. Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    to the negative flow of 1.63 billion posted in the corresponding period last year. The breakdown by sector shows..., the year to date lending flow turned negative with deductions of 176 million in the 7-month period. Loans... the negative flow since the beginning of the year to 125 million. Loans to individuals & private non

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  7. Fitch affirms Greece’s rating at ‘CCC’

    Economy

    in the course of this year is consistent with the primary surplus target of 0.5 percent for 2016...) of the year with the recession seen at 0.5 percent for the whole year. For next year, Fitch projects

    1%

  8. Unemployment rate edges down to 23.4 pct in June, lowest since March 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    contracted by 2 percentage points (pp) from last year to 19.8 percent, while that for women recorded... rates for most age groups compared to last year. The most notable drop of 3.3 pp to 19.5 percent... for this year and a lower figure of 23.4 percent for next year. OECD estimates are more optimistic

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  9. Current account surplus falls to 1.4 bln in July

    EconomyMacroeconomy

    billion in July 2016 from 2.51 billion last year, Bank of Greece (BoG) figures showed on Tuesday... a year ago. The BoG stressed that imports remain well below the respective levels of the previous two... 10.21 billion last year. The BoG said that the improved balance largely reflects lower oil prices

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  10. Government tries to limit damage from corruption claims but more tests lie ahead

    PoliticsGreek Politics

    more positive picture. He told Reuters in an interview that the economy could grow this year by 0.2... on a quarterly basis but down 0.9 percent year on year. Tsipras also suggested that next year’s expected

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