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  1. Industrial turnover falls by 9.4 pct in June

    EconomyMacroeconomy

    -domestic market that saw a decline of 12.7 percent, while the domestic market drop was 7 percent. In the domestic market, the fall was led by energy with a 17.4 percent drop, followed by consumer non.... The exception was consumer durables, which increased by 55.4 percent. The non-eurozone market has

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  2. Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead

    Agora

    corporate case in the Greek market (Marinopoulos supermarket) Starting from the most important... to the bank’s operations in the Greek market. A similar message was recently conveyed by Eurobank CEO... an improvement in the deposit cost. It is worth noting that the new time deposit rate in the Greek market

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  3. Greece slips five places to 86th in global competitiveness rankings
    Photo by MacroPolis

    Economy

    (45th from 43rd), while is underperforming in financial market development (136th from 131st) and labour market efficiency (114th from 116th). Greece’s stage of development is similar to that of Europe..., technological readiness and market size. On the other side of the spectrum, it lags behind

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  4. Second review to resume in Athens under severe time pressure
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    -term fiscal strategy (MTFS) and labour market reform. Labour market All labour-related issues... by the Parliamentary Budget Office (PBO) revealed the institutions’ views on labour market reforms... by the state, an increase in the cap on mass layoffs to 10 percent. In addition, they favour a labour market

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  5. New round of talks on second review begin with labour reforms high on agenda
    Photo by MacroPolis

    EconomyProgramme

    and will focus on the new privatisation and investment fund (HCAP) and labour market respectively. During... to HCAP those it does not plan to develop. On the labour market reforms, ahead of Tuesday’s meeting... a report setting out the Greek position on labour market issues, as it was initially rumoured

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  6. Greek stocks rise for third consecutive week as trading increases
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    The Greek stock market has rebounded for the third successive week, albeit with slower gains of 1.9 percent from 5 percent. The improved market sentiment was accompanied by increased trading activity. In the first three sessions of the week, the market climbed 3.4 percent mostly fuelled by banks

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  7. Fiscal dispute dominates as Greece and lenders gear up for more talks
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    on the second programme review. This third round of meetings will largely focus on labour market reforms, the fiscal gap and interventions in the energy market. On the fiscal front, which seems... if those targets are not changed. Labour reforms The key unresolved issues on labour market reforms

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  8. Early tourism estimates point to increased airline pre-bookings and lower cruise passengers in 2017
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    product was late in entering the international tourism market leading to large last-minute offers... market officials, ELIME noted that the outlook for the Greek cruise market appears less favourable... negatively impact the prospects of the Greek cruise market. According to press reports, both issues could

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  9. Stocks drop 1.3 pct during week with light trading volumes

    Economy

    The Greek equity market fell 1.3 percent this week - mostly reflecting the losses of 2 percent... is the second lowest reading in the first two weeks of the year. Overall, the Greek market is up 1.3 percent... straight week. Market news Foreign investors’ inflows in the Athens Stock Exchange stood at 52.9

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  10. Tsipras invokes political solution to resolve labour reform stand-off
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    agreement (SLA). The issue on which there has been no progress is the liberalisation of the labour market... market and the IMF wanting to stave this change off for the time being, while insisting that Athens has... practices” in the labour market, the eurozone lenders seem to have remained detached from the dispute

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