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Unemployment drops to 15.8 pct in December, lowest since February
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell to 15.8 percent in December from 16.2... month of 2019, the unemployment rate was 16.4 percent. In the month of December, employment decreased... in December versus the previous month. On an annual basis, the number of unemployed decreased
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Greek banks' reliance on Eurosystem funding rose in December for first time since April
EconomyMacroeconomyby 2.92 billion euros in December, according to the BoG’s 2013 annual accounts. The hike in December.... Despite the recorded increase in December, the aggregate amount of Eurosystem funding, which stood... above this level in July – December 2012, when Greek Government Bonds (GGBs) were not accepted
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Greek retail trade turnover index declined by 3.7 pct in December
EconomyMacroeconomyThe turnover of Greece’s retail trade index dropped for the second straight month in December... to the Hellenic Statistical Agency (ELSTAT). The December rate is also the seventh negative reading of 2014. Retail volume also contracted for the second successive month in December but at the slower rate
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Tax arrears climb by 1.65 bln in December to a total of 13.5 bln for 2015
EconomyGreece’s new unpaid taxes rose at an accelerating pace by 1.65 billion in December from 1.45.... The December figure is the second highest monthly reading for 2015 after the peak of 1.67 billion recorded... pace in the course of 2015 by 1.43 billion in December. Overall, the cumulative effective new tax
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomyGreek households’ new time deposit rate rose by 1 basis point to 1.02 percent in December, Bank of Greece (BoG) figures showed on Thursday. The uptick in December has ended a series of sharp falls... in December mainly driven by a 2 bps drop in corporate overnight rate. Loans The most notable rate changes
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Banks receive deposit inflows of 2.54 bln in December
EconomyMacroeconomyThe Greek banking system experienced positive inflows of 2.54 billion euros in December compared... is the third positive reading in a row and is the highest monthly inflow recorded since December 2016... positive year-to-date figure since December 2015. Total deposits, which also include the general
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PMI comes to 53.8 in December as rise in foreign demand compensates lower domestic activity
EconomyMacroeconomyGreece’s manufacturing PMI dropped slightly to 53.8 points in December from 54 in November, staying... in December to a 27-month low. Higher raw material prices including metal and chemicals were... drove up purchasing activity in December with the use of stocks leading to the fastest decline in pre
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomyto the preliminary budget execution bulletin for December published by the Finance Ministry (MoF) on Monday... a year ago showed a deficit of 2.71 billion euros. In December, the monthly net revenues totalled... to 2046. These funds will be included in state coffers as of January 2019 rather than December as had
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December deposit inflows hit six-year high of 3.15 bln
EconomyMacroeconomyNet deposit movement in the Greek banking system turned strongly positive in December with inflows... revealed on Monday. The latest figure is the highest monthly inflow recorded since December 2012, when inflows stood at 5.75 billion euros. December’s positive movement came after two months of negative
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Employment balance negative by 3,666 in December
EconomyMacroeconomyThe employment balance remained negative in December with 3,666 more firings than hirings, data..., there were 9,636 fewer people hired than fired. December marks the third continuous month of a negative... for the month of December. Total hirings came to 200,243 versus 203,909 departures. Around 65
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