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Car sales resume double-digit growth rate in Oct with 15.2 pct rise
EconomyMacroeconomyAfter a short-lived drop by 13.8 percent in October, the number of road motor vehicles (going into circulation for the first time) rebounded by 15.2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The November grow...
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Greek stocks climb 3 pct on week, banks post double-digit gains
EconomyThe Greek stock market traded in positive territory climbing by 3 percent this week following modest gains of 0.7 percent in the previous week. The improving performance was accompanied by a notable recovery in the trading activity. The market rebound w...
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Greek stocks climb 5 pct on week led by double-digit bank gains
EconomyThe Greek equity market headed north for the second straight week recording gains of 5 percent, after a rise of 1.5 percent in the previous week. The upswing was mainly fuelled by banks, which soared 17.9 percent. Despite a negative start in the first t...
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Budget primary surplus reaches 1.78 bln in July, almost double target
EconomyMacroeconomyThe budget primary surplus reached 1.78 billion euros in the first seven months of 2019, compared to a surplus of 926 million in the same period last year, preliminary budget execution data from the Finance Ministry (MoF) showed on Friday. The primary s...
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Travel balance more than double in Feb as arrivals increase by 24.6 pct
EconomyMacroeconomyGreece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 120.3 percent year-on-year (YoY). Receipts came to 240.4 million euros for the month, incre...
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Car sales almost double in March from level at start of pandemic
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 98.5 percent in March compared to a drop of 16.4 percent in February, Hellenic Statistical Authority (ELSTAT) data showed. In March 2020, the year-on-year change showed a drop of 49 p...
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First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
EconomyGreece stepped into the international markets on Wednesday with an inaugural 10-year benchmark, rolling out its 12-billion-euro debt strategy of 2022. Greece issued a 10-year benchmark of 3 billion euros, with a coupon of 1.75 pct and a final reoffer yi...
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Travel receipts more than double in 2021, arrivals at 47 pct of 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 64 million euros in December, from a surplus of 173.8 million euros in November, according to Bank of Greece (BoG) data released on Tuesday. Aside from being significantly higher than the 2.2 million euros r...
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Reopening of 10-year bond issued in Jan sees yield double to 3.67 pct
EconomyGreece’s debt managers continue to take cautious steps in the sovereign bond market after having to readjust their borrowing strategy following the uncertainty caused by the Ukraine conflict and the turbulence in the markets, which pushed the 10-year be...
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Travel receipts almost double, but current account deficit rises by 78 pct in 9M
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 811.4 million euros in September, from a surplus of 449.1 million euros in August, Bank of Greece (BoG) data showed on Monday. In September 2021, the balance showed a deficit of 296.3 million euros, while...
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