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Car sales fall 2.5 pct in June after impressive growth in preceding two months
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) fell by 2.5 percent in June after an impressive growth of 33 and 24.5 percent respectively in the preceding two months, Hellenic Statistical Authority (ELSTAT) data showed on ...
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Greek stocks fall 1.4 pct during week as trading volumes plummet
EconomyThe Greek equity market slipped 1.4 percent in the first week of July mainly due to a negative performance in the first two sessions of the week, while the succeeding rebound was not enough to erase earlier losses. At the same time, the trading activity...
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Greek stocks fall 1.5 pct, banks underperform for third straight week
EconomyThe Greek stock market ended down 1.5 percent this week on relatively light trading that was a reflection of the negative international sentiment that prevailed in the beginning of the week. S&P raised Greek banks’ rating. with a stable outlook. in the ...
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H1 exports show notable fall in many sectors but agricultural products buck trend
EconomyGreek exports fell 8.1 percent to 11.8 billion euros in the first half (H1) of 2016 from 12.84 billion a year ago, according to the Export Research Centre (KEEM) of the Pan-Hellenic Exporters Association (PEA). It is worth noting that stripping out fuel...
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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus grew by almost 1.7 billion euros to 4.02 billion in the 7-month period of 2016 from 2.33 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday. The remarkable rise is main...
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Travel receipts fall 3.5 pct in July, dragging balance down 5.9 pct
EconomyMacroeconomyGreece's travel receipts dropped for the fourth successive month in July, albeit at a slower pace of 3.5 percent, after a decrease by 5.4 percent in June, Bank of Greece (BoG) figures displayed on Wednesday. In absolute terms, travel receipts stood at 2...
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Broadly stable rate in time deposits, corporate loan rates fall in Aug
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.87 percent in August from 0.86 percent in the previous two months, Bank of Greece (BoG) data displayed on Tuesday. The latest headline figure is the highest reading since April....
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Industrial production down 0.3 pct in Aug for first fall since Mar
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) fell by 0.3 percent in August after an upward revised 4.7 percent rise in July, Hellenic Statistical Authority (ELSTAT) data displayed on Monday. The August headline figure indicates the first negative reading...
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Retail sales fall by 3.1 pct in Aug after fleeting rebound in July
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 3.1 percent in August, after a rise of 7.1 percent in July attributed to a low base effect, Hellenic Statistical Agency (ELSTAT) figures showed on Monday. The August headline figure represents the 18th...
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In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 3.53 billion euros in October after a decrease by 3.15 billion in September, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday. As a result, central bank funding balance fell f...
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