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  1. Athens Stock Exchange ends week on a low, banks lose 9.7 pct

    Economy

    , Terna Energy posted a sharp rise in net profits to 12.2 million in Q1 from 3.6 million last year also... of 3 million in Q1 from losses of 4 million last year on the back of a strong rise in revenues... last year mainly reflecting higher financial expenses and losses from associates. Turnover

    1%

  2. Greek pensions laid bare
    Photo by MacroPolis

    Agora

    (OAED) received 431 million euros last year, from 477 million in 2013, to cover unemployment benefits... as a benefit for low-income pensioners rather than retirement pay, reached 721 million euros last year... reduced from the 1.4 billion of 2013 still required 1.1 billion last year. The state’s contribution

    1%

  3. Economic sentiment down 0.7 pts in June, consumer confidence also falls

    EconomyMacroeconomy

    figure is the lowest reading since August 2013. Since the beginning of the year, the ESI has dropped... the drop by more than 16 points on the last four months, the year to date balance remains positive... reading so far this year.

    1%

  4. Tsipras gets strong mandate for deal in Brussels but left with political conundrum at home
    Photo by MacroPolis

    PoliticsGreek Politics

    that a three-year agreement would provide Greece with greater security than the previous proposal... expenditure being cut by 100 million euros this year and 200 next year. Finance Minister Euclid Tsakalotos

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  5. Agreement creates array of political challenges for Tsipras, who must move fast

    PoliticsGreek Politics

    Fund in Greece’s program, even though the Fund’s funding is due to run out in March next year... to, and introducing Sunday opening, which leftist groups opposed last year. Creditors are also demanding... may have to reverse almost all the legislation he has passed this year that rolls back on reforms

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  6. Cash primary surplus reaches 1.3 bln at end of June on lower expenditure

    EconomyMacroeconomy

    in the first half of 2015 from 1.37 billion last year, according to the Bank of Greece (BoG). However... of preference shares by Alpha and Piraeus. Similarly, this year’s figure incorporates one-off revenue... half of 2015 more than double than the comparable 320 million for the corresponding period last year

    1%

  7. More than a fifth of Greeks materially deprived, survey finds

    Society

    percent on the previous year. The latest figure represents a 10.5 percentage point increase on 2008... percent). Moreover, the percentage of under-17 year olds (23.8 percent) and 18 to 64 year olds (22.9

    1%

  8. Primary surplus 3.1 bln above target in H1 on severe underspend

    EconomyMacroeconomy

    . The 6-month figure came in at 6.95 billion, down 18.9 percent. The year to date figure fell short of target... of the full year (FY) target. Overall, the actual figure of total grants to social security sector..., and consequently in the first half of the year, to counterbalance the widening revenue shortfall and retain

    1%

  9. Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop

    EconomyMacroeconomy

    reading since October 2012. The year to date evolution shows a significant drop by 17.8 points, whilst the current ESI reading is 22.9 points lower than the post-crisis high of 104.2 recorded a year... confidence still shows a slight rise by 1 point year to date entirely due to the surprisingly high

    1%

  10. Rare rebound for retail trade with 2.5 pct rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    by 1.8 percent in April, indicating the third positive reading so far this year. The breakdown of May..., also displayed positive trends. In particular, retail trade rose by 2.2 percent year on year (YoY

    1%