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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyThe pace of credit contraction in the Greek market further slowed to 0.9 percent in April from 1.3 percent in the previous month, Bank of Greece (BoG) figures showed on Monday. The headline figure... million in the previous month. Balance stayed flat at 13.08 billion. In contrast, deductions
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Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 1.7 points in May after improving cumulatively by 2 points in the previous two months, European Commission (EC) figures showed on Tuesday. The ESI stood... in the previous two months. The year-to-date decrease stands at 8.3 points, fully attributable to a sharp
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Greek PMI rises to 49.6 in May as uncertainty continues to impact
EconomyMacroeconomyconditions. The deterioration however was slightly improved upon in May compared to previous months... the previous month despite increased operating capacity, and average lead times on inputs continued
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Unemployment rate falls to new five-year low of 22.5 pct in March
EconomyMacroeconomy. Compared with the previous month, the number of employed rose by 11,400 to 3.68 million, which... from the previous month to 1.07 million, representing a new low since January 2012. The labour force
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New overdue tax obligations increase by 754 mln in April, total up to 94.8 bln
EconomyMacroeconomycollectability rate edged down to 85 percent in April from 88.6 percent in the previous month. The amounts... of 479 million from the previous month. The debt pile corresponds to 52.3 percent of GDP. Efficiency
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Unemployment rate edges down to 23.3 pct in Q1
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate fell to 23.3 percent in the first quarter (Q1) of 2017 from 23.6 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures... in the previous two quarters, while its percentage out of the total fell to 69.9 percent, its lowest level
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Stocks up 3.1 pct during week to reach fresh two-year high
EconomyThe Greek equity market traded mostly in positive territory over the past few days, ending the week up 3.1 percent after edging down 0.6 percent in the previous week. The rebound largely reflected... million this week after a short-lived drop to 51 million in the previous week. Market news Following
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Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
EconomyMacroeconomypercent in the previous month and stood at 3.66 billion, which is the highest reading since February... by 2.6 percent in the previous month and landed at 3.05 billion, which is the second lowest reading so
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyThe pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday. The net lending... in the previous month.The balance edged up to 13.14 billion. In contrast, deductions in the housing sector
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The conundrum of Greek olive oil exports
EconomyFeaturesA spell of bad weather in olive producing countries means that crops this year are not going to be as productive as previous years. The result is a spike in the price of olive oil. According... will decrease by around 20 percent overall compared to the previous year due to a decrease
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