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Eurostat: Greek unemployment rate eased to 21.7 pct in April

Eurostat: Greek unemployment rate eased to 21.7 pct in April

Greek unemployment rate eased to 21.7 pct in April from 22 pct in March, Eurostat said in a report released here on Monday.

In the Eurozone, the unemployment rate eased to 9.1 pct in June from 9.2 pct in May -the lowest level since February 2009, while in the EU-28, the unemployment rate was unchanged at 7.7 pct. In the

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Greek stocks ended higher in the Athens Stock Exchange on Tuesday

Greek stocks ended higher in the Athens Stock Exchange on Tuesday

Greek stocks ended higher in the Athens Stock Exchange on Tuesday, on the first trading session of August, leaving behind a negative July in the market. The general index rose 0.68 pct to end at 817.74 points, off the day’s highs of 822.36 points. The Large Cap index rose 0.83 pct and the Mid Cap index ended 1.94 pct h

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ΙΟΒΕ: Greek economic sentiment index up significantly in July

ΙΟΒΕ: Greek economic sentiment index up significantly in July

Greek economic sentiment index rose significantly in July to 98.2 points, from 94 points in June, to its highest level since February 2015, the Foundation for Economic and Industrial Research (IOBE) said on Tuesday.

In its monthly survey, IOBE said the constructions sector recorded the biggest improvement, boosted by

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Greek Purchasing Managers’ Index up to 50.5 points in July

Greek Purchasing Managers’ Index up to 50.5 points in July

Business conditions in the Greek manufacturing sector improved in July, with the Purchasing Managers’ Index -PMI- rising to 50.5 points, surpassing the 50-point level signaling its return to growth course for the second time after August 2016, IHS Markit said on Tuesday.

Markit said this rise was the result mainly of a further increase in

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Hellenic Statistical Authority: Retail sales volume up 0.3 pct in May

Hellenic Statistical Authority: Retail sales volume up 0.3 pct in May

Retail sales volume grew 0.3 pct in May compared with the same month in 2016, but fell 6.0 pct compared with April 2017, Hellenic Statistical Authority said on Monday.

The statistics service, in a monthly report, said that the volme of retail sales (turnover in fixed prices) grew 0.3 pct in May, while the

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IELKA: Greek consumers positively assessing supermarkets

IELKA: Greek consumers positively assessing supermarkets

Greek consumers are positively assessing their purchasing experience in large supermarket chains, a survey by IELKA (the Research Institute of Retail Consumer Goods) said on Monday.

The survey said that consumers believed that the strongest point of their purchasing experience was supermarkets’ personnel (85 pct for c

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Greek stocks remained under pressure on Thursday

Greek stocks remained under pressure on Thursday

Greek stocks remained under pressure pushing the general index of the market below the 820-point level on Thursday. Selling activity focused on bank shares and the shares of PPC. The general index fell 1.39 pct to end at 818.63 points, with the Large Cap index falling 1.27 pct and the Mid Cap index ending 0.54 pct

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AP: Greek bond issue marks milestone in recovery from bailout

AP: Greek bond issue marks milestone in recovery from bailout

Greece’s first attempt to finance itself on bond markets since 2014 raised 3 billion euros ($3.5 billion) Tuesday from investors attracted by a high rate of return, in an encouraging sign that the country will be able to smoothly exit its bailout era next year.

The left-led government said the five-year bond issue was more than twice

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Bloomberg: Greece Raises EU3 Billion in Bond Market Return After 3 Years

Bloomberg: Greece Raises EU3 Billion in Bond Market Return After 3 Years

Greece raised 3 billion euros ($3.5 billion) in its first tapping of the bond market since 2014, with investors piling in on expectations the worst may be over for what was once the epicenter of Europe’s debt crisis.

Yield-hungry investors welcomed the new Greek paper, which carried a 4.625 percent yield. The sale by the sub-investment-grade rated

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NY Times: In Sign of Progress for Greece, Investors Eagerly Snap Up New Bonds

NY Times: In Sign of Progress for Greece, Investors Eagerly Snap Up New Bonds

By LIZ ALDERMANJULY/

Moving to show it has overcome the worst of its financial troubles, Greece issued bonds on global financial markets on Tuesday for the first time in years, in an offering that institutional investors eagerly snapped up.

The sale of five-year bonds, which raised 3 billion euros, or $3.5 billion, was intended to show that Greece

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Tsakalotos on new bond issue: ‘Results exceeded our expectations’

Tsakalotos on new bond issue: ‘Results exceeded our expectations’

The results from Greece’s attempt to tap the markets with the issue of a new five-year bond on Tuesday had exceeded the government’s expectations, Finance Minister Euclid Tsakalotos said after meeting Prime Minister Alexis Tsipras.

“It was something more than we expected,” the minister said after briefing the prime min

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Greece can return to markets at reasonable rates, Commissioner Pierre Moscovici says

Greece can return to markets at reasonable rates, Commissioner Pierre Moscovici says

Greece can return to markets at reasonable interest rates, EU Commissioner for Economic and Monetary Affairs Pierre Moscovici said during a press conference in Athens on Tuesday.

The Commissioner said it was very positive the fact that Greece is returning to markets and noted that it is an important first step after the positive developments that

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Mechanism to restructure corporate debt begins operations in August 3

Mechanism to restructure corporate debt begins operations in August 3

An electronic platform of an out-of-court mechanism to restructure corporate debt begins operations in August 3 and the first debt restructuring deals for companies with debts up to 2.0 million euros are expected by the end of the year.

Economy and Development Minister Dimitris Papadimitriou said that the system will

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