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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell for the sixth straight month in April at an accelerating pace of 3.3 percent from a downward revised 0.6 percent in March, according to the Hellenic Statistical Agency (ELSTAT). The April headline figure ...
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Divided we fall?
AgoraAlmost 11 years ago today, tens of thousands of Greeks poured onto the streets in harmonious celebration of the national team's Euro 2004 victory. That was another decade, another time, another world. Today, Greeks have little to celebrate and much that...
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Trade deficit shrinks by 14.1 pct in June as fall in imports outpaces export decline
EconomyMacroeconomyGreece’s trade deficit fell for the second successive month in June, when it declined by 14.1 percent from 24.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT). In absolute terms, trade deficit stood at 1.48 billion euros in Jun...
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Sixth straight fall for economic sentiment in August as it plunges by 6.1 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) dived for the sixth straight month in August when it fell by 6.1 points to 75.2 from 81.3 in July, according to the European Commission (EC). The headline figure is the second lowest reading after the record low of 74.8...
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Report sees fall in salary earners, big rise in part-time work during crisis
EconomyA new annual report from the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE) highlights the devastating impact that the recession and austerity measures have had on the local labour market over recent years. The number of sal...
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ELA funding down by 1.23 bln in August for second successive fall
EconomyMacroeconomyGreek banks’ Eurosystem funding eased for the second successive month in August, when it fell by 1.23 billion euros after a drop by 1.29 billion in July, Bank of Greece's (BoG) monthly financial statement showed on Monday. In absolute terms, Eurosystem ...
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ELA funding drops by 1.58 bln in Sept for third straight fall
EconomyMacroeconomyGreek banks’ Eurosystem funding slipped for the third straight month in September, when it fell by 1.58 billion euros, the Bank of Greece's (BoG) monthly financial statement showed on Thursday. Overall, Central Bank funding has been reduced by 5.19 bill...
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Retail sales down by 4 pct in August for third straight fall
EconomyMacroeconomyThe turnover of Greece’s retail trade index dropped for the third successive month in August, albeit at a decelerating pace by 4 percent from 8.6 percent in July, Hellenic Statistical Agency (ELSTAT) data showed on Friday. The August figure is the seven...
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Car sales down by 13.8 pct in Oct for the second fall this year
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) fell by 13.8 percent in October, after rising by 6.7 percent in September, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. The October headline figure indic...
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomyGreece's travel receipts fell by 5.4 percent in September after rising by 7.3 percent in August, Bank of Greece (BoG) data showed on Monday. The September headline figure is the first negative reading in the course of 2015. In absolute terms, travel rec...
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