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Newsletter 31 - 19/06/2015
The Turnover Index in Industry fell by 2.3 percent in April for the sixth straight monthly drop. The decline... predecessor, right-wing Antonis Samaras, faced strong criticism after cutting the wages of military... as the defence minister’s vision of a strong military does not come cheaply. One of his first moves as defence
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Car registrations resume upward trend in August rising by 20.1 pct
EconomyMacroeconomyAfter a short-lived drop by 23.9 percent in July, the number of road motor vehicles (going.... Despite the strong upward movement in 2014, that year’s figure of 102,359 still implied a cumulative nosedive by 70 percent over the 2008 figure of 347,354. The strong growth rates (+27 percent) posted
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomybillion, up 20.6 percent continuing its strong growth in the course of this year. This is fully... a drop in the average non-resident travel spending per trip by 8.7 percent to 470 euros. The breakdown of inbound tourist activity showed strong growth rates in arrivals from the UK (+45.6 percent
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On the Greek crisis and German imbalances
Agorathe leading economists in the world) have been taking a strong stance towards Germany lately... explain the much smaller drop in real output facilitated by speedy internal devaluation at much... than was the case for Cyprus. This author had taken a strong stance against this advice for the case
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Portuguese election: Where those who lost may decide
Agorafueled by low oil prices; and the positive external balance was achieved through a strong reduction... rate in Portugal will drop this year almost 1 point compared to April estimates, although growth... process, is looking for survival. Starting from within his own party, which is showing already strong
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Industrial production rebounds strongly in August with 4.5 pct rise
EconomyMacroeconomywith that in October 2012) since November 2007. The strong rise is largely attributed to electricity (+9... industrial grouping showed only one posted a sharp drop, namely capital goods (down 24.7 percent... industrial activities displayed mixed trends. Strong double-digit growth was recorded in tobacco
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economygained 12.4 percent this week, largely due to the positive reaction on Thursday, following a strong... (+3.3 percent). On the other side of the spectrum, Eurobank recorded strong losses (-12.5 percent... on Wednesday a trading update for the second quarter (Q2) showing a drop in net interest and fee income
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EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016
Economyin 2016 against a strong recovery of 2.9 percent envisaged in its spring forecasts. The current EC..., private consumption is expected to drop 1.3 percent in 2015 and1.7 percent in 2016, before... of 2 percent in 2016, while a strong double-digit rebound of 14.7 percent in forecasted in 2017
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Car sales grow by 7 pct in Dec and by 13.5 pct overall in 2015
EconomyMacroeconomy(-13.8 percent) last year. The July drop was attributed to the imposition of capital controls and October... growth in 2015 follows a strong rise by 30.1 percent in 2014 and a modest increase of 1.3 percent in 2013... sources indicated that the strong rebound in 2014 largely reflected renewal of rent-a-car fleets
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economypeaked in 2015. S&P forecasts the economy to stabilize in 2016, while anticipates a strong GDP... from further drop in oil prices, payment of general government arrears to the private sector and strong tourism. Although S&P notes that there is a possibility the banking system, including smaller
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