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Greek cash budget surplus down in Jan-Sept‏

Greece's central government cash balance recorded a deficit of 2.499 billion euros in the January-September period this year, compared to a deficit of 2.213 billion in the same period in 2014, the Bank of Greece said on Monday.

In a monthly report, the central bank said that during this period, ordinary budget revenue amounted to 31.463 billion

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No 'cooperative' borrower need fear new ethics code, Louka Katseli says

No "cooperative" borrower that is genuinely unable to meet loan payments need fear losing their home as a result of the new ethics code made into law during the weekend, Hellenic Bank Association (HBA) President Louka Katseli said in a statement to the ANA-MPA.

Speaking on Saturday, after the new code was published in the government gazette,

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Greek stocks end lower on Friday‏

Greek stocks ended lower in the last trading session of the week in the Athens Stock Exchange as investors took early profits after Thursday’s sharp advance of prices. The composite index of the market fell 1.23 pct to end at 685.95 points, after rising to as much as 699.65 points early in the day. The index ended the week with a net gain of 1.33 p

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Greek stocks jump 2.71 pct‏

Greek stocks ended sharply higher in the Athens Stock Exchange on Thursday, led by a spectacular jump in bank shares helping the daily turnover to rise to its highest level in the last 19 sessions.

The bank index ended 13.91 pct up, boosted by market expectations that Greek banks’ recapitalisation needs will be lower than earlier estimates. The c

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Greek budget deficit up in Jan-Sept‏

The Greek state budget showed a deficit of 1.897 billion euros in the January-September period, from a deficit of 2.285 billion euros in the same period of 2014, up from a budget target for a shortfall of 1.363 billion euros, official figures showed on Thursday.

A report on provisional state budget execution figures – on an amended cash basis - s

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Greek economy to return to positive growth rates in H1 2016, IOBE says‏

The Greek economy is expected to contract less than previously estimated but the contraction period will be longer, the Institute for Economic and Industrial Research (IOBE) said on Thursday.

In its quarterly report on the Greek economy, IOBE said it expected the country’s GDP to contract by 1.5 pct in the second half of the year, after rising by 1

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Greek government to accelerate procedures for bank recapitalization

The Greek government is determined to accelerate procedures towards bank recapitalization and ensure that problems which appeared during similar procedures in the past will be avoided.

The goals and terms of a recapitalization process was at the epicenter of an Economic Policy Council meeting on Wednesday, headed by the government’s vice-president Y

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Greek stocks end slightly lower

Greek stocks ended slightly lower in the Athens Stock Exchange on Wednesday with the composite index of the market falling 0.32 pct to end at 676.13 points, off the day’s lows of 672.15 points. Bank shares, particularly Eurobank and Piraeus Bank, remained under pressure while other selected blue chips such as Coca Cola HBC, Titan and Grivalia P

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