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  1. Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
    Image via www.alpha.gr

    EconomyBanking

    ) and operating income. For 2017, core PPI increased by 2 percent year-one-year to 1.21 billion. Asset quality Non-performing exposure (NPE) stock in Greece fell for the fourth quarter in a row by around 2... 2017. ECB funding fell by 2 billion to 3.2 billion in December 2017 compared to a year ago

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  2. Budget primary surplus at 2.32 bln in Mar, beating target by 1.22 bln
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    billion euros. Primary expenditure came to 9.45 billion euros, very slightly below target by 2 million... of the year showed that primary expenditure came to 9.45 billion, very slightly below target by 2... of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower than target. PIB

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  3. IMF revises growth forecasts downwards, emphasising gap with other lenders
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    framework. The IMF sees Greek economic growth in real terms at 2 percent in 2018, then decelerating... Greece to grow by 2.3 in 2018 and 2 percent next year. Ratings agencies are also more optimistic than... the positive outlook, with growth estimates that exceed 2 percent in the near term. On the sidelines

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  4. Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    target by 2 million euros. Net revenues came to 11.10 billion euros, above target by 407 million... below target by 2 million euros and 5.4 percent lower than that for the same time last year. Interest... three months of the year, expenditure declined by 8.5 percent to 11.36 billion, standing 2 million lower

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  5. Newsletter 161 -11/05/2018

    Newsletters

    to Tier 2 instruments, the capital depletion for NBG is 9.56 pps and 8.95 pps for Piraeus. The main... could account for as much as 37.2 percent to 44.8 percent of all employment. 2 New overdue taxes up... in March following a rise of 2 billion euros in February, data from the Independent Authority of Public

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  6. Eighteen core goods led exports during crisis, NBG study notes

    EconomyFeatures

    the crisis years to hold a 2 percent global market share. Across the years of the crisis, basic... period, the rising export category managed to double its market share to 2 percent in 2017. Other... of 2 billion euros. The GDP contribution from the rest of the export base declined by almost 80

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  7. Newsletter 174 -14/09/2018

    Newsletters

    , after April’s rise of 2 percent. Last year, the index remained consistently positive. Month-on-month... trip rose by 0.6 percent to 498 euros compared to 495 euros for the same time last year. 2..., the index fell by 0.4 percent quarter-on-quarter (QoQ) after having risen by 2 percent in Q1.The

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  8. FinMin sets out how it would alter policy mix to prevent pension cuts
    Photo by MacroPolis

    EconomyMacroeconomy

    . The issue of savings worth 2 percent of GDP for the post-programme period was pivotal.... As such, the IMF argued that this required additional savings of 2 percent of GDP, which would come from 1... at their disposal an expansionary package worth close to 2 billion euros of spending with the lion’s

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  9. Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in consumption tax to 6.34 billion, while VAT revenues also rose by 2 percent to 11.86 billion. On a monthly... reached 1.27 billion. The MoF is targeting privatisation revenues of around 2 billion euros... the target by 155 million. Overall, in the first nine months of the year, expenditure increased by 2

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  10. EC autumn forecast lowers growth for 2019 on pending budget finalisation
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    for the purpose of this forecast, Greece is expected to grow by 2 percent in 2018, slightly higher from the 1.9 percent previously. Growth next year is seen at 2 percent, from 2.3 percent previously although... to 2.3 percent growth. Growth for 2020 is also seen at 2 percent. Although investment is expected

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