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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
EconomyGreece’s privatisation chief believes that 2 billion euros can be raised this year from asset sales. Speaking at a meeting of the Athens Chamber of Commerce and Industry (EBEA) on Monday afternoon, the chairman of the Hellenic Republic Asset Development...
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Greece near bottom of OECD rankings for spending on R&D
SocietyRanked 32nd on a 38-strong list, Greece is lagging behind most other developed countries when it comes to spending on research and development. According to 2015 indicators from the Organisation for Economic Cooperation and Development (OECD) – the late...
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Latest T-bill auction nets near-zero yield, rounding off landmark year for sovereign debt
EconomyGreece is rounding off the most successful year in its sovereign debt since 2010, and after three adjustment programmes, with the successful issue of a 52-week T-Bill on Wednesday that resulted in a yield close to zero. Greece’s debt managers auctioned ...
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Govt treads carefully on economic relief measures, hoping normality is near
PoliticsGreek PoliticsThe government is trying to tread a fine line between fiscal prudence and cushioning the impact of the pandemic and inflation as it tweaks its economic policy in 2022. As was evident in the latest Covid relief measures it announced on Friday (a week aft...
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Seasonal deposit rise of 4.29 bln in Dec takes total 2021 increase near to 18 bln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system rose significantly by 4.29 billion euros, following a rise of 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Friday. The annual growth in December mar...
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Loans managed by servicers stabilise near 87 bln in Q3 as securitisations conclude
EconomyMacroeconomyThe universe of loans managed by Credit Servicing Firms (CSF) has stabilised since Q1 this year and in Q3 it stood at 86.8 billion euros, according to data released by the Bank of Greece (BoG) on Friday. This represents a minor drop of roughly 200 milli...
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Jobs in hotels, hospitality push April hirings balance to near-record level
EconomyMacroeconomyGreece’s employment balance in April was positive by 123,079 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in April last year was 124,365 more hires, an all-time April record, sugg...
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Unemployment rate remains lodged near 11 pct after no change in Aug
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate was unchanged in August, landing at 10.9 percent, the same as July after a slight upwards revision, Hellenic Statistical Authority (ELSTAT) data showed on Monday. In August last year, the unemployment ...
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
EconomyBankingThe Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the proce...
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Property price growth slows to 7.8 pct YoY in Q3, index near prior all-time high
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece slowed in the third quarter of 2024, increasing by 7.8 percent year-on-year (YoY) from an upwards revised 9.4 percent in Q2 2024, Bank of Greece (BoG) data released on Tuesday showed. There has bee...
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