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Industrial turnover falls by 9.4 pct in June
EconomyMacroeconomyGreece’s industrial turnover continued its steady decline during 2016, falling by 9.4 percent year on year in June from a revised 13.6 percent drop in May, according to data released by ELSTAT... groupings in June continued the negative trend year to date, with energy turnover falling by 18.8
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Rise in number of Greeks insured in 2015 but average salary edges down
Economyat the end of 2015 from 1.7 million a year ago. The breakdown showed that those with full-time... in December 2015 from 1,019 euros a year ago. It should be pointed out that the average daily wage... contribution to total employment edging down to 9.4 percent in 2015 from 9.8 percent a year ago
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomyof their sight and savings into time deposits. Since the beginning of the year, the deposit flow... billion in July, which is the highest reading in the course of the year. It is worth noting... year that remains onshore will return soon to Greek banks.
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Greek stocks edge up 0.7 pct on week, banks rise 3.8 pct for first time in last six weeks
Economyat extremely low levels. The average daily turnover rose to 22 million this week from a year low of 16... (H1) adjusted EBIDTA to 326 million from 335 million a year ago, while adjusted net profit rose to 108 million from 93 million last year. The shares of Alpha, Eurobank and Hellenic Telecom (OTE
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Determined talk from Tsipras as negotiations with lenders move closer
PoliticsGreek Politicsexpects the steps to reduce Greece’s debt to be agreed by the end of the year. His comments mark..., deficit targets and the measures that will be demanded of the Greek government later this year. After... for the single property tax, known as ENFIA. The growth that is expected next year, a positive conclusion
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Greek stocks climb 3 pct on week, banks post double-digit gains
Economyin the previous year, mainly dragged by the higher Gross Gaming Revenue (GGR) tax rate. GGR slipped 0.8... million a year ago, while the other key subsidiary, Corinth Pipeworks, recorded a decrease in its net profits to 3.5 million from 6.5 million last year. Motor Oil gross profits fell 11.1 percent
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingprofound as it retreated by 4 percent in H1. For the whole year, the bank projects operating expenses... in Q1 and 134.3 percent a year ago. The phased-in Common Equity Tier 1 (CET1) ratio, pro-forma.... The bank maintains its guidance for mid-teen growth in PPI for the whole year. In addition
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Gap of 555 mln emerges in three key taxes in July ahead of a crucial September for revenues
EconomyMacroeconomyby the end of the year and resulted from the settlement of income tax forms that had been filed by mid-July... of the year were fairly insignificant. The collectability rate of VAT also stood at relatively high... instalments for 2015, paid in January and February of this year, resulted is revenues of 942 million
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorain the corresponding period last year, as banks had recorded at that time a huge number of impairment... from last year. The improvement mostly reflects lower wholesale funding cost, stemming from... by the end of the year. Such a development would further improve banks’ deposit NII. On the cost front
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Car sales rise at a slower pace of 14.1 pct in Aug
EconomyMacroeconomynumbers, car sales reached 8,035 in August, which is the second lowest figure so far this year, after... reading since the beginning of the year. The aggregate figures point to a 13 percent growth in road motor... growth rates of 30.1 percent in 2014 and 13.5 percent in 2015, last year’s figure of 116,168 still
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