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Greek stocks down by 4.7 pct over week
EconomyThe Greek stock market shed 4.7 percent this week on slightly lighter volumes but amid continued weakness in the global markets. The Athens Stock Exchange general index fell to 558.45 on Friday bringing the year to date losses to double-digit levels to ...
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the sixth straight month dropping by 5.89 billion in December after a 5.98 billion fall in November, Bank of Greece's (BoG) 2015 balance sheet showed on Monday. In absolute terms, Central Bank ...
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Greek stocks down by 8.9 pct over week amid concerns of slow review
EconomyGreek shares slumped 8.9 percent this week largely on lack of progress in negotiations with the institutions and concerns the conclusion of the review could be delayed until April. Meanwhile, the negative performance of European - and particularly Itali...
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Unemployment down slightly to 24.6 pct in November
EconomyMacroeconomyGreece’s seasonally adjusted unemployment rate eased to 24.6 percent in November from an upward revised 24.7 percent in October, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday. The November headline figure, along with...
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Apartment prices down by 5.4 pct in Q4 and 5.1 pct over whole of 2015
EconomyMacroeconomyGreek apartment prices decreased by 5.4 percent in the fourth quarter (Q4) of 2015, at a slightly decelerating pace compared to the revised 5.8 percent drop in Q3, Bank of Greece (BoG) data displayed on Monday. The headline figure for Q4 represents the ...
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Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the seventh successive month, albeit at a slower pace, in January, when it declined by 1.42 billion following a drop of 5.89 billion in December, the Bank of Greece's (BoG) monthly financial statement displayed o...
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Car sales down 17 percent in February
EconomyMacroeconomyAfter rising in the preceding three months, the number of road motor vehicles going into circulation for the first time fell by 17 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. February’s was just the the third neg...
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Building activity advances 5.1 pct in Dec, down 0.9 pct in 2015
EconomyMacroeconomyGreek building permits grew for the second straight month in December, when they rose by 5.1 percent from 7.2 percent in November, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The respective building surface and volume soared 25.9 a...
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Retail sales down by 3.8 pct in Jan for eighth straight fall
EconomyMacroeconomyThe turnover of Greece’s retail trade index continued heading south for the eighth straight month in January, when it dropped at an accelerating pace of 3.8 percent after a marginal fall of 0.2 percent in December, Hellenic Statistical Agency (ELSTAT) f...
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Building activity down 18.8 pct in January, permits hit new low
EconomyMacroeconomyGreek building permits fell by 18.8 percent in January after rising by 5.1 percent in December, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. Building surface and volume dropped by 14.8 and 5.2 percent respectively in January. In ab...
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