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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomyGreek households’ new time deposit rate declined for the third successive month in November, when t fell by 5 basis points (bps) to 0.71 percent from 0.76 percent in October, Bank of Greece (BoG... million euros. Following the downward trend in November, the corporate loan rates in the Greek market
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After holiday hiatus, Athens tries to get review moving again
EconomyProgrammeWith the date of the return of the institutions’ mission chiefs to Athens still unknown, Greek Finance Minister Euclid Tsakalotos is heading to Paris and Brussels this week to meet with his French... confirming the Greek government’s commitments to previous agreements cleared the way for the European
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Stocks drop 1.3 pct during week with light trading volumes
EconomyThe Greek equity market fell 1.3 percent this week - mostly reflecting the losses of 2 percent on Friday, while the trading activity remained subdued for yet another week. Investors continue to stay... is the second lowest reading in the first two weeks of the year. Overall, the Greek market is up 1.3 percent
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomyIn a letter sent by the four systemic Greek banks to Finance Minister Euclid Tsakalotos on January 11, but revealed by the Greek media on Friday, they expressed their serious concerns about the privatisation process of the Independent Power Transmission Operator (ADMIE). The four banks noted
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Building activity resumes downswing falling by 5.7 pct in October
EconomyMacroeconomyGreek building permits fell by 5.7 percent in October after rebounding in the previous three months, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. The absolute figure of permits...) in Q2 2016. Greek banks have committed to the regulatory authorities to reduce this NPE stock
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingFollowing the notable rise of 11.3 percent in the second half of 2015, the total number of payment cards in the Greek market rose by 3 percent in the first half of 2016 compared to the previous...-annual overview of the Greek financial sector. Apart from the consequences of capital controls
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HRADF signs share purchase agreement with Ferrovie for sale of TRAINOSE
EconomyMacroeconomy) and the Greek firm GEK TERNA. Ferrovie was the sole bidder during the last stage of TRAINOSE... was established in 2005 as a subsidiary of the Greek railway company (OSE) and it is wholly owned
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Stocks fall for fourth straight week amid lack of progress in talks with lenders
EconomyThe Greek stock market started the week tumbling 3.5 percent on Monday in the wake of the deadlock over the programme review. However, the market rebounded in the next sessions, ending the week down... board on Monday, will be decisive for the Greek programme and will attract investors’ interest
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IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammepercent and primary surplus of 1.5 percent of GDP. It also notes that Greek debt is unsustainable. However... forecasts, Greek GDP growth is seen at 0.4 percent in 2017 accelerating to 2.7 percent in 2017, while
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With review stalled, Athens continues to be coy on concessions
PoliticsGreek PoliticsWith the meeting of the International Monetary Fund’s executive board out of the way, the next crucial waypoint in the Greek review is Thursday’s meeting of the Eurogroup Working Group (EWG). Athens... that the Greek government could reach an agreement with the institutions. He admitted, though
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