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Retail sales jump 13.3 pct in Jul to extend growth period to four months
EconomyMacroeconomycontinued deteriorating, falling by 3.2 points month-on-month to -38.3 points, after a drop of 2.2 points in August. Since the start of the year, consumer confidence has improved by 6.4 points. Retail trade has worsened by 7.2 points month-on-month to 2.1 points, still improved by 24.2 points since
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingfor Frontier a week earlier, on October 15. Cosmos has a gross book value of 3.4 billion euros, while... billion euros gross book value, and the sale of Sky portfolio of Cypriot NPEs worth 2.2 billion euros... pct. Mexico has a 3.2 billion gross book value portfolio, and the servicing contract was handed
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomyIt has become increasingly evident that the inflation clouds which started gathering above... power has a role to play in not reaching the sales levels of 2019, which retailers had been aiming... expected to bring in roughly 2.2 billion euros more revenues, with 1.6 billion euros seen coming
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Greece voices support for Ukraine as govt counts cost of war's impact on economy, public finances
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has made it clear that politically his government will stand... has had a closer relationship with Russia than many EU states in recent times, stands on the Ukraine... for Greece to achieve a primary surplus of 1.5 pct next year and 2.2 pct thereafter, which translates
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Unemployment broadly unchanged at 13.2 pct in Q4
EconomyMacroeconomy, increasing by 1.8 percent compared with the previous quarter and lower by 2.2 percent compared... percent of the total unemployed. Alarmingly, the largest portion, 166,900, has not worked for more... the share of persons with temporary jobs is 6.3 percent. Part-time employment has increased by 10.6
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Imminent end for enhanced surveillance offers boost to beleaguered govt
PoliticsGreek Politicsare content to wave through roughly 2.2 billion euros in what could be considered voter-friendly measures..., an issue that Greece has been struggling with for years. According to reports, the Greek side has presented
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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economycertainty around GGBs as one of the reasons leading to an upgrade. The ECB has pledged to continue... in the economic recovery. Greece has already secured 4 billion euros in 2021. Another 5.2 billion euros... on a 2.2 pct of GDP primary surplus in 2024. The debt-to-GDP ratio is estimated on a sliding path
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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomy, as the Greek economy has limited direct impact in other trade items with Russia and Ukraine... and then close to the agreed levels with the lenders of a surplus in the region of 2.2 pct, rising... pct of GDP in 2025. The adverse scenario in the sensitivity analysis has an impact on the primary
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Broad impact of inflation crisis becoming clearer
Agorahas grown each month. A recent poll by Alco for Open TV indicated that a combined 59 pct... repeating that all available fiscal space up to now has been used up, although leaving a little margin... percentage point and investment down by 2.2 points, leading to a real GDP deviation from the baseline
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Quarterly GDP growth slows to 1.2 pct in Q2 as investments shrink and imports rise
EconomyMacroeconomymovements in Q2 were led by growth in final consumption, where private consumption rose by 2.2 percent... crisis, and the inflation wave. Since then, the tourism season has brought some signs of optimism... figure included in the final 2022 budget. The latest inflation estimate has also been pushed up
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