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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomyimproved by almost one third to 985 million from 1.46 billion last year, reflecting a double-digit drop... that resulted in a drop in oil imports by the Hellenic Petroleum, one of the two main Greek refineries. The improved services’ surplus by more than 10 percent is primarily led by higher travel surplus
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Greek business feeling the pinch from capital controls
Economylosses in excess of 40 percent. According to market sources, the drop in corporate turnover has... found 18 percent of companies indicated a drop in revenue in excess of 50 percent, while 51 percent said... cards abroad has led to the postponement of business trips, delays in meeting deadlines or breaching
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General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow
EconomyMacroeconomya drop in revenues by 13.7 percent outpacing a reduction in expenditure by 6 percent. A similar... reflecting a slight drop in repos. The YtD change displays a drop in debt stock by 11.33 billion mainly led by the return of 10.9 billion EFSF bonds to the ESM in February and payments to the IMF of 2.6
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Newsletter 42 - 11/09/2015
, to 19.7 billion at the end of June 2014. The sharp drop of bank share prices in the last weeks of 2014... in the preceding two months. August’s reading is the lowest since November 2014. The slower drop in August... territory since March 2013. Increased VAT rates eased the drop in August. Unemployment edges up Greece’s
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Newsletter 45 - 02/10/2015
, the highest drop for two years, after a 1.7 percent decline in June. The fall is mainly due to the imposition... a modest decrease of 0.4 percent in June. The highest drop in sales was in furniture, electrical... from one year to the next. The first SYRIZA-led government, though, did itself no favours by being
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Disposable income slips 1.6 pct in Q2 on higher income and wealth taxes
EconomyMacroeconomy2009. The recorded drop over the last six years mainly stems from soaring unemployment rates... as shift towards more flexible forms of work that inevitably led to lower employee compensation.... The absolute figure of 13.68 billion in Q2 implies a sharp drop by 27.5 percent over the past six
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PMI continued improving in Oct but survey data points to economic struggle ahead
EconomyMacroeconomylevels continued falling in October but at the slowest pace over the past four months. The drop continues... and the absence of demand. A lack of new orders led to a decrease in outstanding business, while the rate of backlog decline was the sharpest over the past three months. In addition, a drop in unfinished
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Investment: The forgotten casualty of the Greek crisis
Agora. The scale and degree of acceleration in the drop of investments during the crisis is apparent when compared... investment spending. Other construction also had a significant drop of 30 percent since its 2003 peak... casualty with a drop of 71 percent since the 2007 high, with just 3.4 billion spent. Its share
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Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
EconomyMacroeconomy. The changes in the various lending segments led to a notable drop of 26 bps in the weighted average rate on new loans to a new low of 4.65 percent. Overall, the marked drop in lending rates... in March was a sharp drop by 90 bps in loans for amounts over 1 million euros to 3.93 percent from
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Eurosystem funding drops by another 4.3 bln in July, largely on reduced ELA reliance
EconomyMacroeconomy, when it decreased by 4.3 billion in July after a drop of 8.57 billion in June, the Bank of Greece's... month by 2.93 billion euros to 51.45 billion coupled along with a drop in the ECB funding by 1.38... at the end of June 2015. The bulk of that drop stemmed from ELA funding, down by 35.32 billion
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