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Commission points to poor access to finance, slow reform as hampering Greek competitiveness
EconomyIn its 2014 European Competitiveness Report published on Thursday, the European Commission (EC) ranks Greece in the third group along with 10 other countries in terms of industrial competitiveness. This group, which also includes Spain and Portugal from...
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Greek stocks down by 8.9 pct over week amid concerns of slow review
EconomyGreek shares slumped 8.9 percent this week largely on lack of progress in negotiations with the institutions and concerns the conclusion of the review could be delayed until April. Meanwhile, the negative performance of European - and particularly Itali...
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Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek PoliticsThere have been no visible signs of major progress in the discussions between Greece and its lenders this week, suggesting that the best-case scenario would be the conclusion of a staff-level agreement ahead of the April 7 Eurogroup rather than the one ...
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Deposit outflows continue in Feb but slow to 750 mln
EconomyMacroeconomyThe Greek banking system recorded outflows for the second successive month, albeit reduced to 750 million euros in February from 1.53 billion in the previous month, Bank of Greece (BoG) figures revealed on Monday. Despite, the negative flow in the last ...
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Net job hirings slow to 7,242 in July, lowest since January
EconomyMacroeconomyThe employment balance remained in positive territory in July, although net hirings dropped by around 12,039 to 7,242 from 19,281 a year ago data from the Labour Ministry’s Ergani information system revealed on Monday. The July figure represents the six...
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Slow pace of civil service evaluation, Hellenikon deal add to review agenda
PoliticsGreek PoliticsSeveral areas of potential tension between the government and Greece’s lenders have emerged ahead of the third review. Athens is still struggling to find a way to conduct a performance evaluation in the public sector after civil servants’ unions instruc...
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Banks meet NPE targets in Q1 but mortgage reductions remain slow
EconomyMacroeconomyGreek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the first quarter (Q1) of 2018 according to the seventh quarterly report on operational targets for NPEs published by the Bank of Greece (BoG) on Wednesday afternoo...
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PMI at 53.5 pts in July as optimism holds, export orders slow down
EconomyMacroeconomyGreece’s Manufacturing PMI remained unchanged at 53.5 points in July, staying over the 50-mark threshold for 14 straight months as confidence continues to strengthen. Greece’s manufacturing sector had made it through the first two quarters of the year o...
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Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
EconomyMacroeconomyResearch by the ICAP group has looked into which areas of the economy have been hardest hit by the pandemic and estimates that many businesses will see a notable drop in revenue compared to 2019. The research, titled "Impact of the Covid-19 pandemic on ...
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Trade deficit falls by 30 pct in October as imports and exports remain slow
EconomyMacroeconomyGreece’s trade deficit fell by 30 percent year-on-year (YoY) in October compared to a drop of 24 percent in September, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed. The deficit came to 1.40 billion euros for the month....
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