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Primary surplus up to 3.9 pct of GDP in 2016, far above target
EconomyMacroeconomyto Greek banks. According to ELSTAT, this reflects higher revenues (fees accruing on interbank lending
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Disposable income rises slightly in Q4 for first time since Q3 2014
EconomyMacroeconomyGreek household disposable income edged up 0.1 percent in the fourth quarter (Q4) of 2016 after falling by 1.8 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The headline figure is the first positive reading, albeit marginal, since Q3 2014, when
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Deposit flow turned positive in March, with inflows of 278 million
EconomyMacroeconomyThe Greek banking system posted deposit inflows of 278 million euros in March, following outflows of 750 million in the previous month, Bank of Greece (BoG) figures revealed on Monday. This was the first positive monthly flow since December. During the first quarter (Q1) of 2017, outflows stood
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Stocks climb 6 pct during week, propelled by 16.6 pct surge by banks
EconomyPositive sentiment prevailed in Greek stock market this week, leading to strong gains of 6 percent as the return of the institutions returned to Athens and optimism about a successful conclusion to negotiations in the next few days grew. The rebound was also accompanied by increased trading
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Overdue social security contributions climb to 22.5 bln at end of Q1
EconomyMacroeconomythe end of 2016, KEAO was fed by overdue contributions over 5,000 euros from the four main Greek pension
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Industrial production improves by another 8.7 percent in March
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) grew by 8.7 percent in March following an upward revised growth of 11 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday. The headline figure for March is the sixth straight positive reading. The ongoing upward trend
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CPI increases by 1.6 pct in April
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) increased by 1.6 percent in April after rising by 1.7 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The latest headline figure is the fourth successive positive reading. The core index edged down 0.2 percent
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Building activity falls by 4.2 pct in February
EconomyMacroeconomyGreek building permits decreased by 4.2 percent in February after a rise of 11.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The headline figure is the first negative reading since November. The absolute figure for permits remained below the 1,000
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Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
EconomyThe Greek stock market dropped 0.7 percent for the second straight week in the aftermath of Monday’s inconclusive Eurogroup. Stocks were down by a total of 2.9 percent on Tuesday and Wednesday. They rebounded in the next two sessions trimming a large part of earlier losses. The Athens Stock
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CPI growth slows to 1.2 pct in May
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) grew by 1.2 percent in May decelerating from the 1.6 percent growth recorded in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The May headline figure is the fifth straight positive reading after four years. The core index
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