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Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016
EconomyMacroeconomyRoad motor vehicles (going into circulation for the first time) fell considerably by 19.8 percent in December following a rise of 18.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The December headline f...
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Stocks fall for second straight week amid soft volumes
EconomyThe Greek stock market showed no signs of rebounding this week as it edged down 1.9 percent amid lack of market-moving news, particularly regarding the second programme review. The lack of investors’ interest was clearly demonstrated in the trading acti...
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Stocks fall for fourth straight week amid lack of progress in talks with lenders
EconomyThe Greek stock market started the week tumbling 3.5 percent on Monday in the wake of the deadlock over the programme review. However, the market rebounded in the next sessions, ending the week down 1.2 percent. Next week, which includes a meeting of th...
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Stocks fall for fifth straight week, edging down 0.8 pct
EconomyThe Greek equity market continued heading south this week, remaining weak until Thursday amid the lack of any progress in negotiations with lenders on the second programme review. The negative sentiment was also fuelled by the publication of the Interna...
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Cyprus talks take a buffeting as leaders fall out
PoliticsForeign PolicyThe climate between the Greek Cypriot and Turkish Cypriot leaders deteriorated dramatically last Wednesday when a meeting was cancelled after Mustafa Akinci refused to attend. Akinci also cancelled this week's meeting and decided to attend the Islamic C...
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Retail sales rebound 1.4 pct in Jan after brief fall in Dec
EconomyMacroeconomyThe turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop of 1.3 percent in December, Hellenic Statistical Agency (ELSTAT) data revealed on Friday. The January headline figure represents the fourth positive readi...
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PMI up to 48.2 in April as new orders fall again, but outlook for year remains positive
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 1.5 points to 48.2 in April from 46.7 in March, Markit’s survey revealed on Tuesday. The April headline figure is the highest reading since December. It was also the eighth sub-50 reading. The latest downturn reflects ...
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April produces first fall this year for car sales, which tumbled by 7.5 pct
EconomyMacroeconomyThe number of vehicles going into circulation for the first time dropped by 7.5 percent in April after a surge of 43.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The headline figure for April March i...
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.73 billion euros for the first four months of 2017, down by 9.4 percent from last year’s figure of 1.9 billion. The figure was 928 million euros above the target, the Finance Ministry’s (MoF) final budget ex...
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General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed. Social security funds (SSFs) were the only subsector ...
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