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Deposits stay positive with 870.1 mln inflow in April
EconomyMacroeconomybillion euros. Positive sentiment around the conclusion of the third review and Greece’s... manifested in positive deposit inflows into the Greek banking system. April’s deposit inflows were...), rose by 754.9 million in April to come to 141.35 billion. The BoG’s most recent monthly financial
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Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) grew by 0.6 points to 104.2 in May versus 103.6 in April, European Commission (EC) figures revealed on Wednesday. May’s reading is the second consecutive reading... represents the second highest reading for the year so far after February’s figure of 104.3. Compared
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Manufacturing PMI up to 54.2 in May, completing 12 months of rises
EconomyMacroeconomyThe Greek manufacturing sector’s recovery completed a full year of expansion in May, with Markit’s PMI settling at 54.2, up from the 52.9 in April. Markit notes that the improvement of business.... The rate of optimism amongst respondents remains near April’s high, with 45 percent of those
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Key debt relief talks fail to result in deal, leaving IMF role in doubt
EconomyProgrammeA meeting of Greece’s key lenders on Saturday failed to result in an agreement on the debt relief... in a technical capacity in the future. Greece’s representative at the IMF, Michalis Psalidopoulos, suggested... programme’s financial envelope to buy out the loans that IMF has made to Greece. The key areas
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SYRIZA prepares for final bailout vote, seeks to highlight benefits
PoliticsGreek PoliticsGreece’s exit from the bailout this summer, with the government keen to stress the positives that await. The leftist party’s parliamentary group is due to meet on Tuesday for a briefing from Finance... and in 2019. In an interview with Sunday’s Ethnos newspaper, the finance minister said that beyond
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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomyrole since 2014 to independently evaluate the country’s macroeconomic projections and to monitor... in August, the implementation of the growth strategy and debt relief measures that will make Greece’s... in accelerating the private consumption momentum. Investments are also key component in Greece’s attempt
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Unemployment at 20.1 percent in March
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate in March came to 20.1 percent, falling against the downward revised figure of 20.6 percent for February, Hellenic Statistical Authority’s (ELSTAT... percent. The latest available data from the Labour Ministry’s ERGANI database for April showed
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Industrial production increases by 1.9 pct in April, March revised upwards
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 1.9 percent in April after the figure for March... for April. April’s industry confidence indicator published by the European Commission showed.... In the year so far, industry confidence has declined by 1.4 points. The Commission’s latest
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What GDPR compliance means for businesses and consumers
LegalMay 25, 2018 marked the first day of enforcement for Europe’s Regulation (EU) 2016/679.... To conclude, the GDPR’s effectiveness will be assessed following its implementation on May 25..., proactive guidance and practical expertise in its selected practice areas, while meeting today’s
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Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
EconomyMacroeconomyyear’s figure for the same period came to 1.84 billion. The primary surplus beat its target by 1.36... the current year’s balance landed on a deficit also, it still beat the target by 1.36 billion euros... and above target by 176 million euros. May’s figures represent the first time this year
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