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Travel surplus rises by 12.7 pct in 9M
EconomyMacroeconomyThe balance of travel services came to a surplus of 14.10 billion euros for the first nine months (9M) of the year, Bank of Greece (BoG) noted in its travel balance report. This year’s figure is 12.7.... The rise was mostly driven by an increase of 14.1 percent, or 2 billion, in travel receipts. Travel
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Helped by trading gains, Eurobank posts 305 mln in Q1 profits
EconomyBankingEurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions
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Greek travel receipts rise by 10.2 pct in 2014, arrivals shoot up by 20.7 pct
EconomyMacroeconomyTravel receipts rose by 10.2 percent to 13.39 billion euros in 2014, according to Bank of Greece... drop in travel spending per trip to 552 euros in 2014 from 604 euros in 2013. In the preceding two years, travel spending per trip had also decreased by 3.6 percent in 2012 and 1.9 percent in 2013. BoG
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Tsipras sets off for USA as prior actions, e-auctions dominate at home
PoliticsGreek PoliticsPrime Minister Alexis Tsipras chaired a meeting with key ministers on Friday to assess the progress the government is making in completing the 95 prior actions that have to be ticked off this year. The meeting was held a few hours before the Greek leader set off for his official visit to the USA
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Appealing to dual audiences compounds mixed messages from SYRIZA
PoliticsGreek Politicslack of absolute coherence within the party, the dual message being broadcast by SYRIZA reflects
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Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
EconomyGreece’s debt manager successfully completed the fifth syndicated transaction of the year through a dual transaction of the re-opening of the existing 5-year bond due February 2026 and the 30-year that was maturing in January 2052. Both bonds were initially issued earlier in the year. Overall
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Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
EconomyMacroeconomyin tourists from the USA with the growth rate of travel receipts (+15.8 percent) lagging that of arrivals...After a temporary slowdown in May, Greece's travel receipts rebounded strongly in June, shooting up..., travel receipts in June reached 1.99 billion euros from 1.71 billion last year. Travel payments
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NATO summit also gives PM chance to address issues with neighbours
PoliticsForeign PolicyGreek Politicsis to attend the NATO Summit (9-11 July) and then to travel to New York to hold meetings at the UN... on migration issues, that in fact we have made an agreement that allows Turkish citizens to travel... to 2 years in prison for electoral corruption. Albanian President Bajram Begaj decreed August 4
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Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
EconomyFeaturesand Bulgaria. Overnight stays increased by 10.2 percent YoY, and travel receipts came to 15.65 billion... Australia, Canada and the USA visited an average of 1.9 to 1.7 regions per visit. The expenditure per... with 831 million euros, followed by the United Kingdom (498 million euros) and the USA (383 million
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Current account surplus at 1.21 bln in September on services balance growth
EconomyMacroeconomybillion euros. The primary factor behind the improvement was the travel balance which increased by 17.2 percent to 2.30 billion euros. This was driven by travel receipts rising by 15.5 percent to 2.47 billion, while travel payments declined by 3 percent to 173.5 million. BoG cited an 11.8 percent rise
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