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Latest air traffic data emphasises tourism's difficulties as 2019 data reveals bumper year
EconomyFeatureswas seen in eastern Macedonia and Thrace with an average spend of 115 euros, down by 31.1 percent YoY.... The longest average stay of 8.2 nights was recorded in Crete, down by 2.4 percent YoY. The minimum length... normally represent the height of the summer tourism season, air traffic was down by an average of 72.8
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It's the hope that kills you
Agoradown the resort and the mass departure of holidaymakers in an uncontrolled fashion led to the high..., and Valencia had to be played 35 miles down the road at San Siro in Milan, when 40,000 Atalanta fans took... of good fortune and followed the rest of Europe as countries started to shut down under the pressure
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Newsletter 274 -20/11/2020
, MeRA25 and its leader Yanis Varoufakis held a sit-down protest in front of a cordon of police officers... that arrivals in Europe in the first eight months of the year were down by 68 percent compared to 2019. The hardest hit countries were Cyprus with tourism down by 85 percent there, followed by Montenegro
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Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
EconomyBankingthat will bring down its bad loans ratio to a level approaching the European average. The full-year loss for 2020... down also of 160 million euros. Adjusted for one-offs, Eurobank said it made a net profit of 544... securitisation, to bring the total stock down to 5.7 billion euros. That left Eurobank with a NPE ratio
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Alpha Bank posts net profit of 103.7 mln in 2020
EconomyBankingin Greece came to 18.3 billion euros, down by 600 million euros compared to 2019. The total NPE stock... to be completed in the second quarter, the NPE stock comes down 11.4 billion euros for the group, and 8.79... coverage standing at 50 percent. The Galaxy securitision brings the ratio down to 24 percent. P&L NII
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
EconomyBankingfrom 21.3 billion euros in Q1. Overall, the NPE ratio stood at 26.1 percent at a group level, down... it was on course to bring the NPE ratio down to 7 percent in mid-2022. To achieve this, Alpha Bank’s... for NPEs in excess of 8 billion euros. P&L NII came to 371 million, down by 7.2 percent QoQ due
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Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
EconomyBanking-provision income (PPI) for 2021 was 800.1 million euros, from 859.7 million in 2020, down by nearly 7... 2.2 billion euros, the NPE was down to 13.1 percent by year-end, from 19.9 percent in 2020. The NPE... billion euros in 2021, down by circa 10 percent from the 1.53 billion euros in 2020. NII also dropped
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Industrial production rises by 7.9 pct in Mar, driven by electricity supply
EconomyMacroeconomyof the first lockdown a year earlier. In October 2020, the index was down by 3.2 percent. Month-on-month... in manufacturing. Water supply was down by 3.7 percent and mining and quarrying also dropped by 16.4... was down by 1.1 percent MoM, mining and quarrying dropped by 2.6 percent and water supply down
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Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBanking(PPI) in Q1 was 164 million euros, from 233 million in Q1 2021, down by 30 percent. Quarter... of Cypriot NPEs worth 2.2 billion euros - the NPE was down to 12.8 percent by May this year, from 30.1... billion in the end of Q1 2021. P&L NII was 283 million euros in Q1, down by 29 percent from 396 million
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Economic sentiment drops by 3.7 pts in June as all components deteriorate
EconomyMacroeconomyarea’s ESI was 104 points, down by one point from May. The recovery in Greece’s consumer confidence..., industry confidence is down by 7.5 points. The services index decreased by 2.6 points to 17. Services confidence is down by 12.8 points in the last 12-months, losing most of the impressive recovery since
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