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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomyin Q3 largely reflects a decline in household consumption (-0.8 percent) and investments (-7 percent.... Investments Gross fixed capital formation dived 7 percent QoQ in Q3, yet at a slightly slower pace..., imports over the 9-month period declined by 5 percent with the respective goods and services’ figures
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Can Greece learn to love renewable energy?
EconomyFeaturesproduction by 2020 in line with Directive 2009/28 EC seems wildly ambitious.[5] In terms of renewable... of solar thermal system capacity in Europe at around 4.1 million m2 (2.9 GWth).[7] Since.../wp-content/uploads/2016/06/GSR_2016_KeyFindings1.pdf [5] http://www.ypeka.gr/Default.aspx?tabid=225
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeaturesfrom 10.3 million tonnes in July to 9.01 million tonnes in August.[5] However, any effects from... rival steel markets in Italy and Spain had seen their exports rise.[7] The ENXE said at that time...-overproduction-1472971334 [5] http://www.hellenicshippingnews.com/china-steel-exports-fall-to-six-month
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammetargeted a fiscal adjustment of 7 percent of GDP that would be mostly based on sustainable... percent of GDP) but fell short of the program objective (7 percent of GDP). Privatisation proceeds were... of more than 5 percent of GDP within three years (or 1.7 percent per year on average) has an increasingly
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agora/44d4c87c-98dd-4061-bdf6-b292884a5073. For 2015 data see: http://atlas.media.mit.edu/en/profile/country/grc/. [7] Last year 150,000... Shipping Company (COSCO) [5] for a 35+5-year-period. The concessions contract included an upfront... the expansion of Chinese tourism, [7] acquisition of commercial real estate, bidding for insurance companies
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PDMA sets out plans to build on recent market forays with bond issues in 2019
Economyand a coupon that reached 4.3 percent, into 5 new benchmark bonds maturing every five years and coupons... to issue between 3 and 7 billion euros of benchmark bonds in 2019. Also factored in are 1.2 billion euros... 5 billion euros of its cash reserves. The figure drops to just 1.1 billion if new bonds reach
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Going for Growth: What next for Greece's economy and banks?
Agoraproperty trades at a -46.3 percent real terms discount from its peak[5] and the sector can only recover... of firms at the top, particularly banks[7]. However, there are of course sources of optimism.../economic-political-outline?&actualiser_id_banque=oui&id_banque=44&memoriser_choix=memoriser [5] https
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingoperations excluded voluntary exit scheme costs of 94 million and restructuring costs of 7 million... loans, -43 million in mortgages and -7 million in consumer loans. The group NPE ratio fell by 210... of this year. P&L Net interest income (ΝΙΙ) rose by 5 percent QoQ to 290 million, which was attributed
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingvalue of 40 billion, banks have around 24 billion euros in provisions. DTCs total around 7 billion... minus provisions of 24 billion euros. At the same time, the SPV will receive 7 billion euros... along with the remaining 5 percent of the mezzanine and junior notes. In addition, the bank announced
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingitems, specifically the bank’s voluntary retirement scheme, PPI fell by 5 percent QoQ. PPI in Q2 2018..., the figure came to 146 million euros, showing a YoY rise of 5 percent. Ancillary fee volumes continued... operating expenses stood at 476 million in H1, reflecting a fall of 7 percent YoY. The cost-to-income ratio
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