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Greece eyes first bond issue since 2014 to smooth out volatile relationship with markets
EconomyFeaturesthe April transaction indicated strong demand from real-money investors, with foreign investors..., while the 10-year yield recorded a smaller drop of more than 100 bps well below the 6-percent mark... percent in the last twelve sessions, while bank stocks soared 36.2 percent. The strong rebound
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Car sales rebound by 28.2 pct in June
EconomyMacroeconomyin June, falling from the figure in May. Passenger cars rose by 30.9 per cent in June following a drop.... However, in spite of the strong cumulative rebound by 66 percent from the low of 77,675 in 2012... of the strong tourism volume figures also supported by gradual replacement of old cars with new and cheaper
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomyto a strong underspend. The primary expenditure came in 1.16 billion euros lower than the target, coupled... successive month by 7 percent in June, after a double-digit drop of 11.8 percent in May and landed at 3.24... a strong underspend of 1.16 billion. The latter largely reflects lower social protection, which stood
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Gennimata aims to secure centre-left leadership in run-off vote
PoliticsGreek Politicsleader a strong chance of winning Sunday’s ballot, although some commentators have pointed out that New... Democracy’s run-off vote) but both camps are hoping that the drop will not be too dramatic. There were... Democracy in 2016. However, his latest entrepreneurial scheme attracted strong criticism as he
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Industrial turnover rises by 11.4 pct in May, staying positive for fifth consecutive month
EconomyMacroeconomyindex in manufacturing. This offset a drop in the mining and quarrying index by 1.4 percent... industrial groupings, although these were relatively small compared to the strong growth in the remaining... a strong rise of 28.1 percent, which was also the strongest rise overall for this category. The biggest
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturescategory, which covered 27 percent of Greek exports and have a strong share in international markets... international demand, according to NBG. This was despite a drop in their relative prices, and points... their strong market position.
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Industrial turnover rises by 17.5 pct in July for seventh positive month
EconomyMacroeconomy, along with a drop of 4 percent in consumer durables. The energy index grew by 36.6 percent... registered a strong rise of 36.8 percent, which was the second highest rise overall.... Greece’s manufacturers remained strong in their positive outlook as business confidence reached a four
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July current account shows surplus of 1.58 bln as tourism drives services surplus
EconomyMacroeconomyby strong performance in the services surplus which offset a deepening of the balance of goods deficit.... This was driven by imports rising faster than exports in absolute terms. A strong improvement was noted... a 1.7 billion-euro drop in residents' holdings of foreign bonds and T-Bills. A net increase
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Newsletter 181 -2/11/2018
PMI slows to 53.1 in October Order increases and employment remain strong Greece’s Manufacturing... confidence slipped to its lowest level since September 2017. The main drivers for the drop... growth remained strong in October, with new clients and market expansion driving orders. In addition
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBanking, a strong increase of 74 percent QoQ. Operating expenses fell by 6 percent in Q3 to 249 million euros... billion in June. The bank notes that the drop came from shifting interbank repo funding... on the results, Christos Megalou, CEO of Piraeus Bank noted the strong results for the quarter which had been
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