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Stocks fall for second straight week amid soft volumes
EconomyThe Greek stock market showed no signs of rebounding this week as it edged down 1.9 percent amid lack of market-moving news, particularly regarding the second programme review. The lack of investors’ interest was clearly demonstrated in the trading acti...
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Stocks fall for fourth straight week amid lack of progress in talks with lenders
EconomyThe Greek stock market started the week tumbling 3.5 percent on Monday in the wake of the deadlock over the programme review. However, the market rebounded in the next sessions, ending the week down 1.2 percent. Next week, which includes a meeting of th...
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Stocks fall for fifth straight week, edging down 0.8 pct
EconomyThe Greek equity market continued heading south this week, remaining weak until Thursday amid the lack of any progress in negotiations with lenders on the second programme review. The negative sentiment was also fuelled by the publication of the Interna...
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Cyprus talks take a buffeting as leaders fall out
PoliticsForeign PolicyThe climate between the Greek Cypriot and Turkish Cypriot leaders deteriorated dramatically last Wednesday when a meeting was cancelled after Mustafa Akinci refused to attend. Akinci also cancelled this week's meeting and decided to attend the Islamic C...
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Retail sales rebound 1.4 pct in Jan after brief fall in Dec
EconomyMacroeconomyThe turnover of Greece’s retail trade index increased by 1.4 percent in January after a brief drop of 1.3 percent in December, Hellenic Statistical Agency (ELSTAT) data revealed on Friday. The January headline figure represents the fourth positive readi...
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April produces first fall this year for car sales, which tumbled by 7.5 pct
EconomyMacroeconomyThe number of vehicles going into circulation for the first time dropped by 7.5 percent in April after a surge of 43.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The headline figure for April March i...
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.73 billion euros for the first four months of 2017, down by 9.4 percent from last year’s figure of 1.9 billion. The figure was 928 million euros above the target, the Finance Ministry’s (MoF) final budget ex...
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General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed. Social security funds (SSFs) were the only subsector ...
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankingGreek banks reduced their branch network and employees in the domestic market further, according to the dataset of structural financial indicators for the EU banking sector which was published by the ECB. Bank branches in Greece were reduced by 215 to 2...
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingAlpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing the loss of 64 million in Q4 2017. On an annual basis, the results for the current quarter are 35.3 percent higher than the results posted for Q1 2017, w...
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