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Greek PMI rises to 49.6 in May as uncertainty continues to impact
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 1.4 points in May according to Markit, posting the ninth... increase. Commenting on the deterioration of Greece’s manufacturing sector, Markit analysts said....” They concluded that uncertainty on Greece’s bailout terms may way on the index in the short-term.
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Athens encouraged by terms for new round of Cyprus talks
PoliticsForeign Policyagreed that the Secretary General’s special adviser on the Cyprus issue, Espen Barth Eide...” that will be the basis of the discussions on the issue of security and guarantees. Eide’s preparatory... to conclude before the first week of July, as France’s Total has scheduled to begin on July 12 its
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OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief
EconomyMacroeconomyand additional grace periods would reduce vulnerabilities, increase growth and strengthen the country’s... Central Bank’s QE programme, which along with further progress on structural reforms and tax... on confidence and hamper investment. Additional risks also involve geopolitical tensions among Greece’s
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Unemployment rate falls to new five-year low of 22.5 pct in March
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment declined to 22.5 percent in March from a downwardly... along with a rise in the number of employed by 42,000 to 3.67 million. Data from the Labour Ministry’s...’s estimates are higher at 22.8 percent.
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Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomyGreece’s central government primary cash balance turned to a deficit of 316 million euros... on Friday. This year’s figure includes arrears’ repayments of 723 million, of which 179 million... a year ago. As previously noted, this year’s figure includes a one-off item of around 2 billion
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Stocks up 3.1 pct during week to reach fresh two-year high
Economyimproved investor sentiment for an agreement with lenders ahead of Thursday’s Eurogroup, while... turnover surpassed the 100-million-euro mark in three sessions, while Friday’s figure surged to 244... Cap index effective as of Jun 19. Corporate news OPAP’s net profits fell by 8.7 percent to 39 million
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PMI at 50.5 in June, posting first growth in 10 months
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 0.9 points in June according to Markit, standing above the 50.0... outlook regarding output growth. Commenting on the slight improvement of Greece’s manufacturing... growth in June and will raise hopes of a further fall in the country’s substantial unemployment rate
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Unemployment rate falls to 21.7 pct in April, lowest since Jan 2012
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment declined to 21.7 percent in April from a downwardly... to 3.76 million. Data from the Labour Ministry’s Ergani information system showed that the employment... at 22.2 percent, while the Finance Ministry and the European Commission’s estimates are higher at 22.8
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Cyprus talks fail to deliver result, leave concerns about future ties
PoliticsForeign Policy-ended”. The UN’s top officials arrived at the Swiss resort just a few hours before going to Hamburg... written proposals in the final session and during his separate talks with Guterres before Thursday’s.... Ankara wished to push forward her relations with the EU through a solution in Cyprus. Thursday’s
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Net job hirings reach 40,599 in six-month
EconomyMacroeconomyThe employment balance stayed positive in June 2017 with net hirings climbing by around 55,600 to 99,197 from 33,608 a year ago, data from the Labour Ministry’s Ergani information system revealed... by over 21,200 from last year’s figure of 234,664. This year’s figure is the highest reading since 2001
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