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Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
EconomyThe Greek stock market continued its downswing falling by 2.5 percent this week after edging down 0.9 percent in the previous week. Although trading activity picked up from the extremely low levels of the previous week, it remained overall subdued. Inve...
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Greek stocks drop 1.5 pct during week amid subdued trading activity
EconomyThe Greek stock market traded mostly in negative territory, closing 1.5 percent down on the week amid soft trading volumes. Investors preferred to remain on the sidelines adopting a wait-and-see stance ahead of upcoming development regarding the lifting...
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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 on the sidelines, while their sentiment remains fragil...
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Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln
EconomyMacroeconomyThe rate of credit contraction in the Greek market remained stable at 1.6 percent in February, Bank of Greece (BoG) figures showed on Monday. Meanwhile, net deductions significantly slowed to 101 million euros in February from 885 million in the previou...
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Significant drop in number of Greek citizenships granted
SocietyThe number of Greek citizenships granted to non-Greeks more than halved in the two years from 2013 to 2015, EU data has shown. Eurostat figures show that there were 7,000 fewer new Greeks in 2015 than in the previous year and 15,500 fewer than in 2013, ...
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingThe National Bank of Greece (NBG) posted net profits of 5 million euros in the first quarter (Q1) of 2017, compared to 73 million in the previous quarter. This largely reflects the elimination of trading and other income, which included a one-off gain o...
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Retail sales drop by 0.3 pct in August, first negative reading for the year
EconomyMacroeconomyGreece’s retail sales fell by 0.3 percent year-on-year in August after revised growth of 1.8 percent in July, according to data published by the Hellenic Statistical Agency (ELSTAT) on Tuesday. Compared to the previous month, August’s figure declined by...
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Retail sales drop by 0.7 pct in September after upward revision for August
EconomyMacroeconomyGreece’s retail sales fell by 0.7 percent year-on-year in September after upwardly revised growth of 0.4 percent in August, according to data published by the Hellenic Statistical Agency (ELSTAT) on Thursday. Compared to the previous month, the headline...
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Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeaturesGreek borrowing costs have dropped significantly as the country nears the completion of what is meant to be its final adjustment programme. Greece’s yields started de-escalating in June 2017 following much volatility in the first half of the year as the...
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Retail sales drop by 0.4 pct in Feb, volume down by 0.1 pct
EconomyMacroeconomyGreece’s retail sales declined by 0.4 percent year-on-year in February after January’s increase was revised down to 0.1 percent, according to data published by the Hellenic Statistical Authority (ELSTAT) on Monday. January’s headline figure had been the...
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