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Greek stocks fall 3.7 pct during week on inconclusive discussions with lenders
EconomyThe Greek stock market shed 3.7 percent this week in the aftermath of the inconclusive discussions of Greek government and the mission chiefs on the first programme review and the postponement of the Eurogroup that was initially due on Thursday. The Fin...
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Apartment prices fall at slightly slower pace of 5 percent in Q1
EconomyMacroeconomyThe drop in Greek apartment prices slightly decelerated for the second straight quarter in Q1, when there was a 5 percent decrease from a revised 5.3 percent in Q4 2015, Bank of Greece (BoG) data showed on Thursday. The headline figure for Q1 means that...
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Retail sales fall by 4.3 pct in March for tenth straight decline
EconomyMacroeconomyThe turnover of Greece’s retail trade index dropped at a slower pace of 4.3 percent in March from an upward revised 7.6 percent in February, Hellenic Statistical Agency (ELSTAT) figures showed on Thursday. The headline figure for March means readings ha...
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Car sales fall 2.5 pct in June after impressive growth in preceding two months
EconomyMacroeconomyThe number of road motor vehicles (going into circulation for the first time) fell by 2.5 percent in June after an impressive growth of 33 and 24.5 percent respectively in the preceding two months, Hellenic Statistical Authority (ELSTAT) data showed on ...
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Greek stocks fall 1.4 pct during week as trading volumes plummet
EconomyThe Greek equity market slipped 1.4 percent in the first week of July mainly due to a negative performance in the first two sessions of the week, while the succeeding rebound was not enough to erase earlier losses. At the same time, the trading activity...
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Greek stocks fall 1.5 pct, banks underperform for third straight week
EconomyThe Greek stock market ended down 1.5 percent this week on relatively light trading that was a reflection of the negative international sentiment that prevailed in the beginning of the week. S&P raised Greek banks’ rating. with a stable outlook. in the ...
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H1 exports show notable fall in many sectors but agricultural products buck trend
EconomyGreek exports fell 8.1 percent to 11.8 billion euros in the first half (H1) of 2016 from 12.84 billion a year ago, according to the Export Research Centre (KEEM) of the Pan-Hellenic Exporters Association (PEA). It is worth noting that stripping out fuel...
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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus grew by almost 1.7 billion euros to 4.02 billion in the 7-month period of 2016 from 2.33 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday. The remarkable rise is main...
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Travel receipts fall 3.5 pct in July, dragging balance down 5.9 pct
EconomyMacroeconomyGreece's travel receipts dropped for the fourth successive month in July, albeit at a slower pace of 3.5 percent, after a decrease by 5.4 percent in June, Bank of Greece (BoG) figures displayed on Wednesday. In absolute terms, travel receipts stood at 2...
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Broadly stable rate in time deposits, corporate loan rates fall in Aug
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.87 percent in August from 0.86 percent in the previous two months, Bank of Greece (BoG) data displayed on Tuesday. The latest headline figure is the highest reading since April....
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