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Polls indicated support for two main parties growing as start of elections marathon looms
PoliticsGreek Politicsin the current iteration, when only valid ballots are factored in. SYRIZA’s backing has risen by 1... of the vote as its support dipped by almost 1 point to 9.8 pct. The undecided voters stand at 12.4 pct... points and SYRIZA less that 2 will be a source of encouragement for the conservatives, who remain
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A closer look at Greece's Q3 2023 national accounts
Agorato 2022-Q3, real GDP increased by 2.1 percent. This means that real GDP may grow by 2 percent or slightly... to focus on efficiency and productivity, rather than on spending stimulus. Consider Figure 1 below... fundamental productivity gains?[1] The green spending (a better word than “investments”) is important
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Newsletter 423 - 17/05/2024
for SYRIZA, 3 for PASOK, 2 apiece for Communist Party KKE and Greek Solution, 1 for Course for Freedom and 1 for New Left. According to the latest opinion poll by Interview for the Politic.gr website... by 4.2 pct YoY, which was the largest rise. Capital goods were up by 1 pct and durables at 0.7 pct. Non
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Greek central government debt inches down to 320.42 bln in Q1
Economywith FSM loans at 211.86 billion, corresponding to 66.1 percent of total, long term bonds at 74.48 billion (23.2 percent of total) and T-Bills at 14.99 billion (4.7 percent). Disbursements from... 1 to 5 years and the remaining 12.9 percent a residual maturity of up to 1 year. Greece’s cash
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Alpha, Eurobank raise 4.6 bln in private capital: Here's exactly what it means
Agoraof their bookbuilding process. Alpha said on Thursday it successfully raised a total of 2.56 billion euros from... billion euros. This was set as the bank’s total capital needs excluding the 83 million euros... will be announced at a later stage, the bank said. In addition, Alpha will also conduct a reverse split (1:15) since
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomy(YoY) in Q1, after a drop of 1 percent in Q4 2016. The flash estimates had shown that Q1 GDP contracted.... Meanwhile, general government consumption rebounded by 1.3 percent QoQ and 1 percent YoY, taking final...’s share of GDP, making up 70.5 percent of the total figure in Q1. The latest Finance Ministry (MoF
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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBankinga total enterprise value of 958 million. NBG will retain a 25 percent share in Ethniki Insurance...) on NBG’s Common Equity Tier 1 (CET1) ratio. The latter stood at 16 percent in the first quarter... with 1,200 employees, 2,128 insurance advisors and 1 million customers, while its pre-tax profits stood
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About to soar? Greece's economy still needs to be handled with care
Agoraconsumption remains resilient, up by 0.7 percent in the second quarter and 1 percent in the first... on August 3 by a total of 1.6 billion, currently standing at 38.9 billion euros, from 91 billion in mid-July... are foreseen to increase by at least 1 billion and range between 14.2-14.5 billion. This pick-up
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankinganother package of non-performing loans of small enterprises, totalling roughly 1 billion euros, which are collateralised. This would bring the total sales of NPLs by the bank to around 4 billion across... peers. The total Greek loan yield fell slightly to 377 bps from 388 bps in Q4. Fee income fell by 5
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Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
EconomyMacroeconomythe possibility of pensions not being cut by 1 percent of GDP next year despite the measure being pre... assumptions. Specifically, private consumption growth will be double the initial estimates, growing by 1... in the MTFS assumptions. Private consumption is expected to grow by 1.1 percent, from 1 percent
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