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Central government debt edges down to 321 bln in Q1
EconomyGreece’s central government debt eased to 321.01 billion euros in the first quarter (Q1) of 2016 from 321.33 billion in Q4 2015, according to the Finance Ministry (MoF) debt bulletin. The quarterly movement is fully attributed to a drop in the Financial...
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PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 1.3 points to 48.4 in May after rising in the preceding two months, the Markit survey showed on Wednesday. The headline figure for May remains below the 50-point mark that separates contraction from growth and points t...
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Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86 billion euros after a 1.88 billion drop in April, Bank of Greece's (BoG) monthly financial statement showed on Monday. The change in May represents the hi...
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Retail sales down 3.9 pct in April for eleventh successive month
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 3.9 percent in April marginally slower than the revised 4 percent drop in March, Hellenic Statistical Agency (ELSTAT) figures displayed on Thursday. The April headline figure indicates the eleventh str...
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Opposition tries to pin government down over last year's Plan X
PoliticsGreek PoliticsNew Democracy MPs asked the government on Thursday to make public any documents connected with the so-called Plan X that former Finance Minister Yanis Varoufakis worked on during the first half of last year. The opposition parties have attempted to put ...
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Economic sentiment rises to 92.5 pts in Aug, consumer confidence edges down for second straight month
EconomyMacroeconomyGreece’s economic sentiment (ESI) increased for the second straight month in August, when it increased by 1.6 points, following a rise by 1.2 points in July, the European Commission (EC) figures showed on Thursday. In absolute terms, ESI improved to 92....
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Turnover in tourism sector edges down 1.1 pct in Q2
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services slipped again in the second quarter (Q2) of 2016, albeit at the notably slower pace of 1.1 percent from a downward revised drop of 11.2 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures ...
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Travel receipts drop 9.2 pct in Aug, dragging balance down 10.6 pct
EconomyMacroeconomyGreece's travel receipts fell for the fifth straight month in August, when they declined at an accelerating pace of 9.2 percent from a 3.5 percent fall in July, Bank of Greece (BoG) figures showed on Monday. Travel receipts landed at 3.16 billion euros ...
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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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