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  1. Wages index up by 0.8 pct in Q1 2020

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index turned slightly positive by 0.8 percent year-on-year (YoY) in the first quarter (Q1) of 2020, following a drop of 0.1 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday. The annual index has returned to positive territory

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  2. Deposits rise by 1.72 bln in May

    EconomyMacroeconomy

    last year, net deposit movement was positive by 562 million euros. A breakdown of the figures revealed... to a positive balance of 4.89 billion euros. The aggregate figure for the same period last year showed

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  3. Retail turnover drops by 24.7 pct in April, volume also down by 24.8 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    to -6.2 points, and worsened by 15.4 points year-on-year.

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  4. Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
    Bank of Greece

    EconomyBanking

    on the magnitude of the recession and the rise in unemployment this year, as well as on the subsequent recovery,” the bank said. In the first quarter of the year, BoG said that Greece’s banks noted a drop

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  5. Deposits rise by 448 mln in June

    EconomyMacroeconomy

    at 160.29 billion. In June last year, net deposit movement was positive by 1.77 billion euros. A breakdown... figure for the same period last year showed inflows of 2.75 million. The latest aggregate balance

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  6. Tourism numbers continue to worsen as worries grow over second Covid-19 wave
    Photo by MacroPolis

    EconomyFeatures

    important thing is the viability of the hotels, with special emphasis on year-round hotels... in the first five months of the year. As with the HCH, the bank also agreed that the high level

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  7. Retail turnover drops by 5.3 pct in May, volume drop​s by 5.8 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    by 12.1 points month-on-month to -18.3 points, and worsened by 21.3 points year-on-year.

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  8. PMI drops to 46.8 points in July amid Covid-19 uncertainty
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    this drop to the sharp decline in tourism this year, which affected sales inflows. Although the rate... over the coming year and how long it will take to return to pre-pandemic output levels," they said.

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  9. PM makes minor changes to cabinet, with focus on handling of EU funds

    PoliticsGreek Politics

    A limited cabinet reshuffle – the first since New Democracy came to power just over a year ago - which had been trailed for the last few weeks was announced on Tuesday. The two key goals were to fill... little new insight into Mitsotakis’s thinking as the government enters its second year, facing a range

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  10. PM seen boosting powers despite making minor alterations to cabinet

    PoliticsGreek Politics

    because it is seen as a vital source of funding to help Greece move on from 2020, a year... bln euros in grants and loans could help heal many of this year’s wounds, which could allow New

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