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Travel receipts fall 4.7 pct in Jan but surplus rises to 32.1 mln
EconomyMacroeconomyGreece's travel receipts dropped by 4.7 percent in January after rising by 12.2 pct in December, Bank of Greece (BoG) figures showed on Wednesday. In absolute terms, travel receipts landed at 161.1 million euros in January, while the corresponding payme...
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Trade deficit rises 14.3 pct in Feb as exports fall for 10th month
EconomyMacroeconomyGreece’s trade deficit increased by 14.3 percent in February after declining in the three previous months, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The marked rise in February reflects an increase in imports by 1.9 percent cou...
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Significant fall in migrant arrivals but camp conditions a growing concern
PoliticsGreek PoliticsThe continuing decline in migrant arrivals is providing Greek authorities with some respite as they tackle the refugee crisis but severe challenges remain at island hotspots and camps on the mainland. According to the latest data from the UNHCR, as of A...
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Credit contraction slows to 2.1 pct in March, loan deductions fall to 146 mln
EconomyMacroeconomyGreek bank credit contraction decelerated to 2.1 percent in March after a short-lived acceleration to 2.3 percent in February, Bank of Greece (BoG) figures showed on Wednesday. The net lending flow stayed negative for the third successive month, but alm...
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Greek stocks fall 3.7 pct during week on inconclusive discussions with lenders
EconomyThe Greek stock market shed 3.7 percent this week in the aftermath of the inconclusive discussions of Greek government and the mission chiefs on the first programme review and the postponement of the Eurogroup that was initially due on Thursday. The Fin...
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Apartment prices fall at slightly slower pace of 5 percent in Q1
EconomyMacroeconomyThe drop in Greek apartment prices slightly decelerated for the second straight quarter in Q1, when there was a 5 percent decrease from a revised 5.3 percent in Q4 2015, Bank of Greece (BoG) data showed on Thursday. The headline figure for Q1 means that...
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Retail sales fall by 4.3 pct in March for tenth straight decline
EconomyMacroeconomyThe turnover of Greece’s retail trade index dropped at a slower pace of 4.3 percent in March from an upward revised 7.6 percent in February, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday. The headline figure for March means readings ha...
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Car sales fall 2.5 pct in June after impressive growth in preceding two months
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) fell by 2.5 percent in June after an impressive growth of 33 and 24.5 percent respectively in the preceding two months, Hellenic Statistical Authority (ELSTAT) data showed on ...
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Greek stocks fall 1.4 pct during week as trading volumes plummet
EconomyThe Greek equity market slipped 1.4 percent in the first week of July mainly due to a negative performance in the first two sessions of the week, while the succeeding rebound was not enough to erase earlier losses. At the same time, the trading activity...
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Greek stocks fall 1.5 pct, banks underperform for third straight week
EconomyThe Greek stock market ended down 1.5 percent this week on relatively light trading that was a reflection of the negative international sentiment that prevailed in the beginning of the week. S&P raised Greek banks’ rating. with a stable outlook. in the ...
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