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Primary cash balance records deficit of 434 mln in first six months
EconomyMacroeconomyGreece’s central government primary cash balance turned to a deficit of 434 million euros... on Wednesday. This year’s figure includes arrears’ repayments of 799 million, of which 76 million... million a year ago. As previously noted, this year’s figure includes a one-off item of around 2
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Greece completes first bond issue in three years, eyes more on way out of programme
Economypercent in June 2014 but exited the bailout in March 2016. Commenting on the outcome of yesterday’s... the government’s intention to benefit from the positive momentum in the aftermath of the conclusion..., the recent upgrades by the rating agencies and European Commission’s decision to close the Excessive
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Varosha move puzzles amid low expectations on Cyprus
PoliticsForeign Policy” as saying that the north’s intention is to give up the area so it can be placed under United.... There are rumors that the Norwegian diplomat is to leave his post so he can participate in his country’s general... account of the two men’s actions during the peace talks. According to diplomatic sources, all sides
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PMI stays at 50.5 in July with second positive reading in 11 months
EconomyMacroeconomyGreece’s Manufacturing PMI stayed neutral in July according to Markit, posting over the 50.0 point... on the latest developments in Greece’s manufacturing sector, Markit analysts said that though a second...,” they noted. It was highlighted that the country’s return to financial markets could further boost
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General govt primary cash surplus falls to 2.63 bln in six-month, arrears rise to 5.13 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus fell by 807 million euros from the previous year to 2.63 billion in the first six months of 2017 according to the Finance Ministry’s (MoF) gg... to come to 325.39 billion, representing the fourth fall this year. June’s figure was largely driven
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Reshuffle rumours surface as Tsipras prepares plan for autumn
PoliticsGreek Politicsoutlets have reported over the past few days that some of the premier’s aides are advising him... Authority’s (OLTH) as well as the extension of the concession for Athens International Airport.... The government has denied that this is the case but it is thought that Tsakalotos’s future holds the key
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Net job hirings slow to 7,242 in July, lowest since January
EconomyMacroeconomyThe employment balance remained in positive territory in July, although net hirings dropped by around 12,039 to 7,242 from 19,281 a year ago data from the Labour Ministry’s Ergani information system..., up by 9,200 from last year’s figure of 253,945. This year’s figure is the highest reading since
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Car sales increase by 28.3 pct in July
EconomyMacroeconomy, a marginal increase on June’s rise of 28.2 percent, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. Car sales reached 14,998 in July, declining from June’s figure of 15,945. Passenger cars rose by 34.7 percent in July, rising from June’s figure of 30.9 percent, and came to 12,659
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CPI up by 1 pct in July for seventh straight rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) grew by 1 percent in July, remaining at the same level as June... the previous month, July’s headline figure is the seventh consecutive positive reading after four years... (HICP) rose by 0.9 percent in July, matching June’s increase of 0.9 percent also. The figure for July
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Unemployment at 21.7 pct in May after revised April figure
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment edged down to 21.7 percent in May from an upwardly... from the Labour Ministry’s Ergani information system showed that the employment balance stayed... to settle at 22.2 percent, while the Finance Ministry and the European Commission’s estimates
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