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Industrial turnover rises by 6.7 pct in April for fourth positive reading
EconomyMacroeconomyGreece’s industrial turnover reflected a strong increase in April with growth of 6.7 percent after March’s figure was revised upward to 3.7 percent, Hellenic Statistical Authority (ELSTAT) data... percent. The month’s performance was led by an increase of 14.2 percent in the turnover index in mining
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Lenders set out post-MoU framework with aim of securing reforms
EconomyProgrammeDetails of the post-programme framework that is set to be agreed at Thursday’s Eurogroup, ensuring...) will develop a strategy by the end of this year to sell its holdings in Greece’s systemic banks... of the Public Power Corporation’s (PPC) lignite units has to be completed by the end of this year
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Name deal set to be key factor in determining lifespan of SYRIZA-ANEL coalition
PoliticsGreek Politicsviews will not trigger a premature end for Prime Minister Alexis Tsipras’s administration. ANEL leader... the government down. Kammenos and his party showed during Saturday’s vote that they are not prepared to undermine the coalition at this stage despite their objections to the pact that will see Greece’s
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Travel balance down by 29 pct in April as receipts slump
EconomyMacroeconomyGreece’s travel balance fell by 29 percent year-on-year (YoY) in April, dropping into negative territory after March’s growth of 48.30 percent, Bank of Greece (BoG) data revealed on Thursday... that according to BoG, tourism figures for 2017 exceeded SETE’s estimates. For 2018, SETE predicts
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Eurogroup agrees on significant debt relief measures for Greece
EconomyProgramme. The eurozone finance ministers agreed to extend the loans provided as part of Greece’s second bailout (EFSF... of Thursday’s meeting. Therefore, the cash buffer will reach around 18 billion euros, but once expected... Mechanism instalment could be used to pay off the IMF early and reduce Greece’s funding needs
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Income and living conditions survey shows persisting inequality
SocietyThe Hellenic Statistical Authority’s (ELSTAT) 2017 Income and Living Conditions survey has shed.... Last year’s figure of 26.7 percent represented a survey high. Some 29.1 percent of the total... the age of 14. The total population’s risk-of-poverty rate was 20.2 percent in 2017, down by 1 percentage
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May budget primary surplus confirmed at 1.53 bln as revenues rise, PIB spending falls
EconomyMacroeconomyyear’s figure for the same period came to 1.84 billion. The primary surplus beat its target by 1.35..., the deficit came to 1.24 billion. Although the current year’s balance landed on a deficit also, it still..., increasing from the figure of 35 million in April and above target by 176 million euros. May’s figures
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Eurosystem funding falls by 716 mln in May
EconomyMacroeconomybillion euros for the month, edging down from April’s total of 21.59 billion. Since the start... in the ECB’s quantitative easing (QE) programme, increased interbank repos, ongoing loan deleveraging... in the stability of the country’s banking system returns.
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Economic sentiment at 102.5 in June as improvement in subindexes slows
EconomyMacroeconomyGreece’s economic sentiment (ESI) declined by 1.7 points in June and came to 102.5 versus the reading of 104.2 in May, European Commission (EC) figures revealed on Thursday. Although June’s reading... above the 100-point mark. Greece’s economic sentiment reading has remained above 100 for all months
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BoG report outlines benefits of surveillance and scenarios for debt
EconomyBankingEurogroup, the post-programme surveillance and BoG’s own debt sustainability analysis (DSA) that examines... on the reform path and fiscal commitments, acting as a backstop that could facilitate the country’s.... BoG highlights the sensitivity of Greece’s debt sustainability and notes that the goal of very high
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