Great Recession in Europe

Home prices rise 2.7 pct in June

The residential price index increased by 2.7 percent in July from the previous month, data from the Central Bank have shown.

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On an annual basis, house prices across Turkey rose by 29.2 percent in the month in nominal terms, while in real terms, the increase was 9.9 percent, the bank said yesterday.

Home prices rise 1.7 pct in December

The residential price index increased by 1.7 percent in December 2020 from the previous month, data from the Central Bank have shown.

On an annual basis, house prices across Turkey rose by 30.3 percent in the month in nominal terms, while in real terms, the increase was 13.7 percent, the bank said yesterday.

Greek economy shrank 10 pct in 2020, EU report shows

The Greek economy shrank a massive 10 percent in 2020, the European Commission said in its winter economic forecasts report published Thursday.

The Commission even forecasts that this lost ground will not be covered in 2021.

According to the report, Greece will achieve a 3.5 percent rebound in 2021 but predicts that growth will accelerate to 5 percent in 2022.

Strong demand for Austria, Greece, Slovenia bond sales

Bond sales for Austria, Greece and Slovenia won strong demand on Wednesday, joining larger peers who issued debt via syndication earlier in the month.

Austria received 32 billion euros of investor orders, eight times the 4 billion euros it will raise, and Greece received 28 billion euros of orders for new 10-year bonds.

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