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Current account deficit widens to 412 mln in May
EconomyMacroeconomypercent and total exports 4.5 percent. The decline in the services’ surplus mainly results from lower net... coupled with lower net payments for purchases of ships mainly due to capital controls. The marked drop... account surplus is mainly attributed to lower net interest, divided and profit payments coupled
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Current account surplus almost doubles to 1 bln in June
EconomyMacroeconomyimproved over the 6-month period mainly due to lower oil prices. Moreover, net payments for purchases... of 2.2 billion euros in June mainly due to the sale of NBG’s stake in Finansbank. For the 6-month... billion in June mainly reflecting a reduction of 2.9 billion in residents’ holdings of foreign bonds
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In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
Economyaccelerating to 13.7 percent in 2017 and to 14.2 percent in 2018, mainly backed by improved credit... than expected revenue performance, mainly stemming from higher VAT revenues and corporate income taxes, partially offset by spending slippages, mainly in the wage bill and the health sector. The EC
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Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017
Agora) said on February 24 that Greek NPEs fell by 1.4 billion to 106.3 billion at the end of Q4 mainly due... is mainly driven by lower funding costs related to decreasing time deposit cost and the declining.... At the same time, operating expenses fell by 3.2 percent in 2016 mainly due to lower personnel expenses
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Study finds contrasting trends in Greek health during crisis
Societyin 2015, mainly because of the cost. Similarly, the percentage of people who have to pay out of their own... the crisis. Respiratory diseases, which were on the increase up to 2009, have since declined, mainly... decreased from 3,164 to 1,979 cigarettes in the first five years of the crisis, mainly due
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Current account deficit at 624.1 mln in October as goods balance worsens
EconomyMacroeconomyand was mainly driven by an expansion in the deficit of the balance of goods by 511.8 million.... The widening of the deficit stems mainly from the deficit of the oil balance, which grew by 73 percent... in their liabilities for the month was mainly due to a 479-million euro rise in non-residents' holdings of Greek
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingdiscontinued operations of 68.5 million euros, booked in Q2 2017, mainly related to the recycling of FX... 300 million euros. Management noted that this stemmed mainly from improving restructuring trends.... The decline was achieved mainly by interbank repos of 2.9 billion, securities’ maturities and disposals
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March current account deficit at 955.8 mln on improvement in goods balance
EconomyMacroeconomyyear-on-year. According to the BoG, the improvement in the balance of goods stems mainly from... million euros, mainly driven by lower net services and travel receipts. Travel receipts rose by 28.2... was mainly due to a 811-million-euro decline in non-residents' holdings of Greek government bonds and T
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingare collateralised mainly against real estate. The sale is scheduled for the summer with an aim... was achieved mainly by interbank repos of 2.7 billion, securities’ maturities and disposals of 400 million... percent following an aggregate impact of +212 bps driven mainly by strong PPI generation, while under
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April current account deficit at 1.34 bln as goods deficit grows
EconomyMacroeconomy. The services balance fell by 20.8 percent and came to just under 505.6 million euros, mainly driven by lower... in all main subcategories. The goods deficit was driven mainly by a higher net oil import bill, while... and T-bills. A net increase in their liabilities for the month was mainly due to a 771-million-euro
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