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Building permits increase by 50.3 pct in December and 12.6 pct in 2019
EconomyMacroeconomyBuilding permits rose by 50.3 percent year-on-year (YoY) in December compared to a rise of 12.4...) figures showed that apartment prices rose by 7.5 percent YoY during the fourth quarter (Q4) of the year.... Compared to the same month last year, construction confidence has increased notably by 30 points.
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Greece prepares more measures to support economy after Eurogroup relaxes fiscal restrictions
EconomyProgrammeto the impact of the coronavirus after receiving the all-clear from the Eurogroup regarding this year’s... that Greece would not have to produce a 3.5 percent of GDP primary surplus this year. The dramatic impact... in play this year. “We all agree that of course Greece will also be able to make full use
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Industrial turnover rises by 5.7 pct in January
EconomyMacroeconomyGreece’s industrial turnover increased by 5.7 percent year-on-year (YoY) in January compared to a rise of 11.3 percent in December, Hellenic Statistical Authority (ELSTAT) data published on Friday... to stand at 4.5 points. Year-on-year, industry confidence has risen by 5.7 points.
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Travel balance surplus up by 27 pct in January to 80.2 mln
EconomyMacroeconomyGreece’s travel balance rose to a surplus of 80.2 million euros in January according to Bank of Greece (BoG) data released on Monday, representing a rise of 27 percent year-on-year (YoY). Receipts came to 286.6 million euros, increasing by 24.4 percent year-on-year (YoY). Travel payments also rose
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Greece braces for recession, hopes to bounce back from summer onwards
Economyexpecting Greece to slip into a recession again this year. The only question is how deep... admitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... for the Greek economy and now see it contracting by 1 to 8 pct this year. Capital Economics sees economic
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingto net profits of 4.7 million euros in Q3. For the full year, net profits came to 97.1 million euros...-on-quarter (QoQ) to 219.1 million. For the full year, core PPI fell by 18.4 percent to 856.4 million euros from 1.05 billion euros a year ago. Asset quality Non-performing exposure (NPE) stock in Greece
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Worst ever negative employment balance recorded in March as virus measures hit
EconomyMacroeconomyfrom the Labour Ministry’s Ergani information system showed. Compared to the same month last year... balance showed 34,354 more firings than hirings.The respective balance for the same period last year was positive by 48,880 meaning that in the aggregate period this year, 83,234 fewer jobs were created
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CPI unchanged in March YoY, rises by 1.6 pct MoM
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was unchanged year-on-year (YoY) in March compared to a slight increase of 0.2 percent in February, Hellenic Statistical Authority (ELSTAT) figures showed... by 0.2 percent year-on-year in March. Month-on-month, the HICP increased by 1.2 percent. In March
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economyrecession this year will reach 10 pct. In its Fiscal Monitor report on Wednesday, the IMF indicated that the fiscal deficit this year would reach 9 pct, pushing the debt-to-GDP ratio close to 201 pct.... This is the second transaction of the year, following the 15-year bond that was issued in January
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Industrial turnover drops by 2.4 pct in February
EconomyMacroeconomyGreece’s industrial turnover fell by 2.4 percent year-on-year (YoY) in February compared to a slightly upward revised increase of 5.8 percent in January, Hellenic Statistical Authority (ELSTAT) data... fell by 1.4 points month-on-month to stand at 3.1 points. Year-on-year, industry confidence has
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