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General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed. Social security funds (SSFs) were the only subsector ...
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankingGreek banks reduced their branch network and employees in the domestic market further, according to the dataset of structural financial indicators for the EU banking sector which was published by the ECB. Bank branches in Greece were reduced by 215 to 2...
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Number of private sector employees rises in 2017 but wages fall
EconomyMacroeconomyThe annual data from the Labour Ministry’s information system (Ergani) detailed the figures on private sector companies and workers in 2017. The information was gathered by data fed by firms electronically into Ergani and is released to summarise activi...
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingAlpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing the loss of 64 million in Q4 2017. On an annual basis, the results for the current quarter are 35.3 percent higher than the results posted for Q1 2017, w...
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Budget surplus beats July target on lower investment spending as tax refunds fall short
EconomyMacroeconomyGreece’s budget primary balance came to a surplus of 2.09 billion euros in the first seven months of 2018, according to the July preliminary budget execution bulletin published by the Finance Ministry (MoF) on Tuesday. Last year’s figure for the same pe...
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingEurobank recorded net profits of 29 million euros in the fourth quarter (Q4) of 2018 from 58.8 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 50.7 percent. The figure for net profits reflects results before discontin...
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Budget primary balance at 498 mln in Jan as net revenues fall short of target
EconomyMacroeconomyThe budget primary balance came to a primary surplus of 498 million euros in the first month of 2020, below target by 771 million euros, the Finance Ministry (MoF) preliminary budget execution bulletin showed this week. In the same period last year, the...
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Retail sales down by 1.5 pct in March for first fall in seven months
EconomyMacroeconomyGreece’s retail sales index fell by 1.5 percent in March from a slower increase of 3.6 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday. March’s negative reading stops seven consecutive positive months since July last y...
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Building permits fall by 22.4 pct in April
EconomyMacroeconomyBuilding permits fell by 22.4 percent year-on-year (YoY) in April compared to a rise of 10.2 percent in March, Hellenic Statistical Authority (ELSTAT) data released on Monday showed. The total number of permits came to 973, falling below the 1,000 permi...
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Construction slides again in May with fall of 8.7 pct YoY in building permits
EconomyMacroeconomyBuilding permits continued their decline in May, falling by 8.7 percent, following a much sharper drop of 22.4 percent year-on-year (YoY) in April amidst the lockdown, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. The ...
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