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  1. New obstacle for privatisations as court blocks sale of water firm

    Economy

    and ruled that the transfer violates articles 5 and 21 of the Constitution, according to which the state... respectively. On April 30 a 10 percent stake previously held by Piraeus Bank was transferred to John

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  2. Are things looking up for Greece's privatisation programme?

    Economy

    the completion of the agreement and the remainder will be deferred within 10 years. The consortium... infrastructure costs and the metropolitan park. HRADF issued a statement on June 5 noting that five

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  3. IMF report sees a number of risks lying ahead for Greece

    EconomyProgramme

    ) published its own review report on April 25. The initial publication date was for June 5, but it was postponed until June 10, one day after the cabinet reshuffle and the appointment of a new finance

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  4. Greek industrial turnover drop accelerates in April

    EconomyMacroeconomy

    , the average index shows a decline of 5 percent over the trailing 12 months. The acceleration of the recorded decrease in April fully reflects a double-digit drop in manufacturing turnover (down 10 percent

    10%

  5. Greek trade deficit rises further in April as exports fall by 20.8 pct

    EconomyMacroeconomy

    . As the result, the respective trade deficit showed a single-digit drop of 7.8 percent almost 10 percentage..., imports from third countries receded 5 percent. The respective export figures both indicated

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  6. Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln

    EconomyMacroeconomy

    . Monthly net additions hiked to 84 million from net deductions of 5 million in April. Despite the modest... sector (42 billion) followed by housing NPLs at 25 billion and consumer NPLs at 10 billion. Although

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  7. Industrial production rises again in May, by 1.8 pct, after two months of decline

    EconomyMacroeconomy

    ) showed it improved by 5 points to 26 in June from 21 in May. In addition, 36 percent of the firms surveyed estimated a rise in industrial production in the next three months and 10 percent projected

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  8. Greek retail sales dive 8.5 pct in May after brief rise in April
    Photo by MacroPolis

    EconomyMacroeconomy

    figures. Over the past 5 years, the retail turnover has retreated 26 percent reflecting a similar drop... increased by 2.3 pints to 4.8 in July posting a cumulative rebound of 27.6 points over the past 10 months

    10%

  9. BoG shows lower deposit rates and a sharper drop in loan rates in June

    EconomyMacroeconomy

    to 2.81 percent, while that for sole proprietors fell by 5 bps to 9.02 percent. In contrast, the rate... down 46 bps to 3.41 percent in June from 3.87 percent in May. However, the June figure remains 10

    10%

  10. Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
    Photo by Harry van Versendaal

    Society

    in 2008. It is estimated that 1 million houses in Greece were built after 2000 but only 10 percent... percent in 2008-2012 compared to an annual growth of 0.3 percent in the preceding 5 years

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