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Economic sentiment and consumer confidence rebound by more than 2 pts in Dec
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved by 2.2 points to 94.6 in December after falling by 1.4 points in November, European Commission (EC) figures showed on Friday. The headline figure in December is the highest reading since March 2015, when ESI st...
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Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016
EconomyMacroeconomyRoad motor vehicles (going into circulation for the first time) fell considerably by 19.8 percent in December following a rise of 18.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The December headline f...
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Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
EconomyMacroeconomyThe employment balance remained positive in December 2016, with net hirings increasing to 11,132 from 7,826 a year ago, data from the Labour Ministry’s Ergani information system showed on Friday. The figure is the third time the December data has been p...
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Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by 1.87 billion euros in December, at a slower pace compared to the decline of 3.3 billion in the previous month, Bank of Greece's (BoG) annual balance sheet revealed on Friday. However, the downswing in Eurosyste...
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Positive deposit flow of 2.8 bln in Dec leads 2016 inflows to 4.2 bln
EconomyMacroeconomyThe Greek market posted notable inflows of 2.8 billion euros in December from a marginal positive flow of 12 million in the previous month, Bank of Greece (BoG) figures revealed on Friday. The marked improvement mostly has to do with seasonal reasons. T...
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New overdue taxes jump by 1.3 bln in Dec, total stock climbs to 54 pct of GDP
EconomyMacroeconomyGreece’s new tax debt exceeded the 1-billion mark in December as it climbed to 1.28 billion euros after a smaller increase of 890 million in November, General Secretariat of Public Revenues (GSPR) data revealed on Monday. The figures showed that VAT and...
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed on Friday evening. The fiscal performance largely reflect...
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Trade deficit increases 4.8 pct in Dec and 4.5 pct in 2016 on rising imports
EconomyMacroeconomyGreece’s trade deficit increased at a faster pace of 4.8 percent in December from 1.2 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The upswing is largely attributed to a rise in imports by 3.7 percent, w...
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Travel receipts rise 4.7 pct in Dec, 2016 figure down 6.4 pct despite increased arrivals
EconomyMacroeconomyGreece's travel receipts rebounded by 4.7 percent in December after falling by 13.8 percent in November, Bank of Greece (BoG) figures showed on Tuesday. Travel receipts reached 193.1 million euros in December, while the corresponding payments slumped 22...
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Retail sales down by 1.3 pct in Dec for first drop since Aug
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell by 1.3 percent in December after upward revised growth of 2.2 percent in November, Hellenic Statistical Agency (ELSTAT) data showed on Tuesday. The December headline figure indicates the first negative re...
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