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Significant drop in number of Greek citizenships granted
SocietyThe number of Greek citizenships granted to non-Greeks more than halved in the two years from 2013 to 2015, EU data has shown. Eurostat figures show that there were 7,000 fewer new Greeks in 2015 than in the previous year and 15,500 fewer than in 2013, ...
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingThe National Bank of Greece (NBG) posted net profits of 5 million euros in the first quarter (Q1) of 2017, compared to 73 million in the previous quarter. This largely reflects the elimination of trading and other income, which included a one-off gain o...
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Retail sales drop by 0.3 pct in August, first negative reading for the year
EconomyMacroeconomyGreece’s retail sales fell by 0.3 percent year-on-year in August after revised growth of 1.8 percent in July, according to data published by the Hellenic Statistical Agency (ELSTAT) on Tuesday. Compared to the previous month, August’s figure declined by...
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Retail sales drop by 0.7 pct in September after upward revision for August
EconomyMacroeconomyGreece’s retail sales fell by 0.7 percent year-on-year in September after upwardly revised growth of 0.4 percent in August, according to data published by the Hellenic Statistical Agency (ELSTAT) on Thursday. Compared to the previous month, the headline...
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Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeaturesGreek borrowing costs have dropped significantly as the country nears the completion of what is meant to be its final adjustment programme. Greece’s yields started de-escalating in June 2017 following much volatility in the first half of the year as the...
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Retail sales drop by 0.4 pct in Feb, volume down by 0.1 pct
EconomyMacroeconomyGreece’s retail sales declined by 0.4 percent year-on-year in February after January’s increase was revised down to 0.1 percent, according to data published by the Hellenic Statistical Authority (ELSTAT) on Monday. January’s headline figure had been the...
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Car sales drop by 0.8 pct in September
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell by 0.8 percent in September after a rise of 36.8 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. September’s figure is the first time since May 2017 th...
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Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
EconomyMacroeconomyComments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts. Speaking to journalists in Luxembourg on Thur...
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Deposits drop by 622 mln in Sept after six months of inflows
EconomyMacroeconomyNet deposit movement in the Greek banking system turned negative by 622 million in September following inflows of 1.02 billion in August, Bank of Greece (BoG) figures revealed on Tuesday. September’s movement marks the first negative flow after six mont...
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Deposits drop by 206 mln in November
EconomyMacroeconomyNet deposit movement in the Greek banking system was negative by 206 million euros in November, following inflows of 643 million in October, Bank of Greece (BoG) figures revealed on Friday. The outstanding balance of private sector deposits increased to...
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