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  1. Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyMacroeconomy

    , the travel surplus improved by 15.5 percent to 1.91 billion from 1.66 billion a year ago. The rise... figures for the first half of the year showed that travel receipts rose by 7.1 percent to 4.11 billion... countries displayed positive trends in the first half of the year. Arrivals from Germany increased by 18

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  2. Rating agencies concur in improved prospects for Greece
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    , will be settled next year. Specifically, Moody’s sees the chances of Greece concluding its programme as having... official creditors in the eurozone will grant further debt relief next year that will help the debt... this year with an estimated 1.5-1.6 percent growth leading up to 2.7 percent in 2019 and 2020

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  3. Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    in the first half of the year, ESI has improved by 3.9 points since January and 5.8 points since May... to -57 in August. The year-to-date gains stand at 7.4 points, having recovered from the deterioration of 8.9 points in the first two months of the year. The headline figure for August is the best

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  4. Drop in apartment prices continues with slower decline of 1.2 pct in Q2
    By Natasha Pantazopoulou

    EconomyMacroeconomy

    The nominal value of apartments in Greece fell at a slower pace of 1.2 percent year-on-year (YoY... year, 41.5 percent of residential loans were classified as non-performing exposures (NPEs). Although building activity shows some signs of revival in the first half of the year, with the latest permits

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  5. PMI climbs to 52.2 in Aug, highest for nine years
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    of months accelerated to a nine-year peak in August. The improvement came from higher new orders from... and purchasing activity to a nine year high. Additionally, manufacturing firms expanded their output... creation was the highest in over 17.5 years. Purchasing activity of firms also reached a nine year high

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  6. Report highlights latest living conditions and demographics in Greece
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    ceremonies for the first time in 2012 and have been on the rise ever since. In 2015, the latest year... decline in birth rates. After rising to 118,302 births in 2008, the year that the financial crisis... of Greeks in 2015 owned their property, rising slightly each year since 2010. Those who rent

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  7. Building activity rises by 9 pct in June, permits above 1,000 for fourth month

    EconomyMacroeconomy

    compared to the same month last year. ELSTAT noted that the increase or decrease in building permits... rose by 21.4 percent. Building activity continued contracting for the eleventh successive year... that apartment prices dropped by 1.2 percent year-on-year in the second quarter of 2017 following a revised

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  8. Budget primary surplus at 3.54 bln in August, 29 mln off target on tax refunds, low revenues
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    months of 2017, a rise of 67.4 percent against last year’s figure of 2.12 billion euros, the Finance... billion, the highest figure for the year so far. The monthly primary balance stayed positive... months. While the figure represents a sharp rise from last year’s amount of 58 million euros

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  9. Athens braces for review headwinds due to IMF demands, Berlin changes
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to be implemented in 2019, rather than 2020. This is also the year that pensions have to be cut by 1 percent of GDP. The prospect of both of these measures being adopted in the year that the current Greek coalition’s four-year term comes to an end (September 2019) is clearly one that Prime Minister Alexis

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  10. Deposit inflows rise to 1.41 bln in August, highest for 2017
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    is the highest amount for the year so far. The outstanding balance of private sector deposits increased... in the previous month. On a year-to-date basis, flows stayed positive for a second month to total 1.92 billion, the highest figure for the year so far. This is attributed to sight inflows of 1.19 million

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