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Economic sentiment rebounds in March, consumer confidence nosedives
EconomyMacroeconomyGreece’s economic sentiment improved by 1.1 points to 90.1 in March after a drop of 2.6 points in February, European Commission (EC) data showed on Wednesday. The March headline figure is the second... recording strong gains of 34.2 points over the preceding six months. The construction indicator
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomy(before tax refunds) by around 500 million euros, a drop in expenditure by almost 280 million... in March, after a strong performance of 1.52 billion in the 2-month period. The relevant expenditure
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Greek stocks climb 3.8 pct during week amid increasing optimism on swift agreement
EconomyThe Greek stock market climbed 3.8 percent this week amid improving sentiment an agreement between Greece and its lenders could be reached soon. The strong rebound was also accompanied with increased... available to PPC. The outlook remains negative. Hellenic Telecom (OTE) posted a drop of 16.1 percent
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Greek stocks rebound 1.9 pct during week
Economy) this week but have posted strong gains of 20.3 percent over the last five weeks. The top outperformers..., weighed by a drop in sales by 6 percent to 1.05 billion, while EBITDA fell 15 percent to 79 million
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Industrial production rebounds 2.8 pct in April
EconomyMacroeconomyand 5.2 percent respectively, while capital goods was the only group recording a drop of 8.2 percent. Extraction of crude petroleum and natural gas excelled, soaring by 209 percent, while strong double
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Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June
EconomyMacroeconomymillion over-performance in May. Following the strong growth in June, the aggregate figure for the first... figure for the 6-month period now points to a rise by 3 percent compared to a drop of 1.1 percent
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Parliament's budget office sees risks to economic recovery
EconomyMacroeconomyframework has not yet stabilised, while the ambivalence of some government members, the strong stance... that a number of unfavourable structural trends, such as the drop in investment, the depreciation of the labour
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Lew highlights geopolitical dimension of debt relief discussion on visit to Athens
PoliticsGreek PoliticsA few days after European Economic and Monetary Affairs Commissioner Pierre Moscovici came to Athens and warned the government to drop its request for lower primary surplus targets after 2018... difficulties in performing this role. “You have to fix the foundation to have a strong Greece,” Lew told
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Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June
EconomyMacroeconomythe target by 3.5 billion on the back of strong, albeit slower in June, primary underspend of 2.1... a primary surplus of 185 million euros, which is less than compared to last year, on sharp drop in Public
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Greek stocks remain flat during week, banks underperform
Economyby a strong rebound of 8.2 percent on Friday. Overall, bank shares fell 3.7 percent this week... from last year. Titan posted a sharp drop in H1 net profit of 62 percent to 9.2 million mainly
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