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Retail sales rebound for second time in last three months by 1.7 pct in September
EconomyMacroeconomyThe turnover of Greece’s retail trade index increased by 1.7 percent in September after a downward revised drop of 2.5 percent in August, Hellenic Statistical Agency (ELSTAT) figures displayed on Wednesday. The September headline figure indicates the second positive reading in the last three months
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomypercent of exposures. The report notes that Greek banks submitted to the ECB’s Single Supervisory
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PMI drops for third straight month to hit one-year low of 48.3 in Nov
EconomyMacroeconomyGreece’s Manufacturing PMI fell for the third successive month, albeit at a slower pace of 0.3 points in November after a drop by 0.6 points in October, the Markit survey displayed on Thursday. As a result, PMI edged down to 48.3, which is the lowest reading since November 2015. The ongoing
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Time deposit rate edges down to 0.76 pct, loan rate spikes to 5 percent
EconomyMacroeconomylow since Greece’s euro accession in 2002. However, it remains 31 bps above the eurozone average rate
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What the agreement between Greece and lenders means for fiscal and tax policy
EconomyProgrammeof individuals’ taxes. The strategy will also include the government’s commitment not to introduce
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Greece lags in basic skills for youth but improves in educational attainment
Societyof the annual Education and Training Monitor noted the country’s early school leaving rate fell from 9 percent
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingThe Hellenic Financial Stability Fund (HFSF) recorded net losses of 1.14 billion in the first half of 2016 from 4.15 billion in the corresponding period last year, according to the interim financial report published on Wednesday This year’s bottom line result was weighed by valuation losses of 1.05
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Unemployment rate falls to 23.1 pct in September, lowest since March 2012
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged down to 23.1 percent in September from a downward revised 23.3 percent in August, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday. The headline figure for September indicates the lowest reading since March 2012
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Trade deficit drops at an accelerating pace of 16.1 pct in October
EconomyMacroeconomyGreece’s trade deficit fell for the second straight month by 16.1 percent in October, after a drop of 12.1 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The downswing reflects a rise in exports by 4.8 percent coupled with a decline in imports by 5.3 percent
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New overdue taxes climb by 1.4 bln in October, total stock reaches 93.9 bln
EconomyMacroeconomyGreece’s new tax debt increased by 1.4 billion in October after a broadly similar rise of 1.35 billion in September, the General Secretariat of Public Revenues (GSPR) data revealed on Thursday evening. It is highlighted that new overdue taxes stand above the 1.3-billion mark for the third straight
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