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Deposits edge down to 123.5 bln in September on outflows of 379 mln
EconomyMacroeconomyThe Greek market recorded deposit outflows of 379 million euros in September, following inflows of 1.33 billion in August, Bank of Greece (BoG) figures displayed on Thursday. The deposit balance eased to 123.47 billion at the end of September, in the se...
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General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus notably widened by 2.89 billion to 5.33 billion in the 9-month period of 2016 from 2.44 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday. The substantial improvement ...
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingThe Hellenic Financial Stability Fund (HFSF) recorded net losses of 1.14 billion in the first half of 2016 from 4.15 billion in the corresponding period last year, according to the interim financial report published on Wednesday This year’s bottom line ...
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December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomySales in the Greek retail market fell by at least 2.5 percent in December compared to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE). Retail sales are esti...
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Unemployment rate edges down to 23 pct in October, lowest in 4.5 years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate eased for the second straight month to 23 percent in October from 23.1 percent in September, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday. The headline figure for No...
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Eurosystem funding down by 1.1 bln in Feb, ELA increases for first time since April
EconomyMacroeconomyGreek banks’ Eurosystem funding headed south for the twentieth straight month in February, albeit at a slower pace by 1.13 billion, following a decrease by 3.61 billion in the previous month, the Bank of Greece's (BoG) monthly financial statement reveal...
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Stocks down by another 1.4 pct over week as Brussels talks prove inconclusive
EconomyThe Greek equity market headed south for the third successive week, dropping at an accelerating pace of 1.4 percent from 0.6 percent in the previous week. Investors remain concerned because the conclusion of the second programme review is still out of r...
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Athens and creditors get down to details in final stretch of review
EconomyProgrammeThe new round of discussions between the Greek government and the institutions’ mission chiefs began on Tuesday with the aim of reaching a staff-level agreement (SLA) in the next few days. Following the two 2-hour meetings that focused on energy and the...
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Greek stocks edge down 0.6 pct ending three-week rally
EconomyThe Greek equity market traded sideways falling by 0.6 percent this week and ending a three-week rally that led to cumulative gains of 17.5 percent. Following the voting of the multi-bill with prior actions on Thursday night, all eyes are now on Monday’...
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Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 1.7 points in May after improving cumulatively by 2 points in the previous two months, European Commission (EC) figures showed on Tuesday. The ESI stood at 93.2 in May, which is the lowest reading since February...
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