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Pieces of review puzzle yet to fall into place ahead of Eurogroup
EconomyProgrammeAlthough progress is being made on ongoing discussions between the Greek government and the institutions, an agreement has not been clinched as the various sides have yet to converge on several key issues. One of the main obstacles is the labour market ...
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Greek stocks fall 1.5 pct on week, banks edge up 0.6 pct
EconomyThe Greek equity market remained volatile mostly driven by rumours and press reports on the potential outcome of Monday’s Eurogroup, which will also determine next week’s performance. Overall, Greek stocks declined 1.5 percent this week, after gains in ...
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by another 3.3 billion euros in November, after a broadly similar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. This was the 17th successive drop leading the E...
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Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016
EconomyMacroeconomyRoad motor vehicles (going into circulation for the first time) fell considerably by 19.8 percent in December following a rise of 18.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The December headline f...
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Stocks fall for second straight week amid soft volumes
EconomyThe Greek stock market showed no signs of rebounding this week as it edged down 1.9 percent amid lack of market-moving news, particularly regarding the second programme review. The lack of investors’ interest was clearly demonstrated in the trading acti...
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Stocks fall for fourth straight week amid lack of progress in talks with lenders
EconomyThe Greek stock market started the week tumbling 3.5 percent on Monday in the wake of the deadlock over the programme review. However, the market rebounded in the next sessions, ending the week down 1.2 percent. Next week, which includes a meeting of th...
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Stocks fall for fifth straight week, edging down 0.8 pct
EconomyThe Greek equity market continued heading south this week, remaining weak until Thursday amid the lack of any progress in negotiations with lenders on the second programme review. The negative sentiment was also fuelled by the publication of the Interna...
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Cyprus talks take a buffeting as leaders fall out
PoliticsForeign PolicyThe climate between the Greek Cypriot and Turkish Cypriot leaders deteriorated dramatically last Wednesday when a meeting was cancelled after Mustafa Akinci refused to attend. Akinci also cancelled this week's meeting and decided to attend the Islamic C...
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Retail sales rebound 1.4 pct in Jan after brief fall in Dec
EconomyMacroeconomyThe turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop of 1.3 percent in December, Hellenic Statistical Agency (ELSTAT) data revealed on Friday. The January headline figure represents the fourth positive readi...
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PMI up to 48.2 in April as new orders fall again, but outlook for year remains positive
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 1.5 points to 48.2 in April from 46.7 in March, Markit’s survey revealed on Tuesday. The April headline figure is the highest reading since December. It was also the eighth sub-50 reading. The latest downturn reflects ...
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