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Inflation boosts food sales by 12 pct in May, supermarkets up by 14.3 pct
EconomyMacroeconomyGreece’s retail sales stayed positive in May, after the first negative reading in March since 2021, with a rise of 7.2 percent, year-on-year (YoY), from 1.7 percent rise in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corres...
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
EconomyBankingThe Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the proce...
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Nov current account deficit widens to 3.3 bln, 11M falls below 12 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.3 billion euros in November, from a deficit of 1.45 billion euros in October, Bank of Greece (BoG) data showed on Friday. In November 2022, the balance showed a deficit of 3.91 billion euros, while in Nov...
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Budget rolls on with solid primary surplus of 12 bln in Nov
EconomyMacroeconomyThe budget primary balance recorded a surplus of 12.01 billion euros up to November, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. During the eleven months of the year, the primary balance came in 2...
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Goalposts shift as European elections near and SYRIZA cements lead
PoliticsGreek Politics28.5, GD 8.5, KKE 7.5, PASOK 7, Ind Greeks 6, DIMAR 3.5 & Others 9 #Greece — MacroPolis (@MacroPolis_gr) February 12, 2014 GPO poll for Mega TV (EP elections): SYRIZA 20.8%, ND 19, GD 7, KKE 7, PASOK 5.3
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingof Astir Palace, as well as an increase in impairment losses. Core pre-provision income (PPI) rebounded 12... in Q1, while that for consumer and small business loans amounted to 9 and 7 million, respectively..., while insurance income decreased by 7 percent to 22 million. Operating expenses fell by 7 percent QoQ
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UN steers clear of Cyprus blame game as focus moves to hydrocarbons
PoliticsForeign Policyhighlighted that the United Nations intends to stay out of the blame game that began on July 7 after... in mind. Nervy Turkey Total's West Capella drillship arrived and began its work on July 12... of blocks 1, 6 and 7 of Cyprus’ EEZ, to the west and southwest of the island. The effective dates
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingprofit of 7 million euros seen in Q2. This carried over into a bottom-line result representing a loss... in administrative and employee costs by 7 percent and 2 percent, respectively - branches have been reduced by 8 percent and employees by 7 percent year-on-year. Impairment losses rose by 20 percent QoQ to 312
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Travel balance rises to 51 mln in Feb as receipts shoot up by 29.6 pct
EconomyMacroeconomypercent to 19,000. Finally, visitors from Russia fell by 12 percent to 8,500. In total, arrivals from... to 147,500, while non-European visitors rose by 7 percent to 223,600. During the first two months... an increase of 13.2 percent to 499,900. In total, arrivals rose by 7 percent in the first two months
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingof 7 billion euros. P&L New loan disbursements came to 3.5 billion in the first six months... of 3 percent YoY and 12 percent QoQ. The main contributors were new loan generation, as well.... Other impairments stood at 18 million compared to 7 million in Q2 2019. Balance Sheet Eurosystem funding
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