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UN steers clear of Cyprus blame game as focus moves to hydrocarbons
PoliticsForeign Policy, at a distance of 8 km from the boundary separating the Cypriot and Egyptian exclusive economic zones... of blocks 1, 6 and 7 of Cyprus’ EEZ, to the west and southwest of the island. The effective dates... in blocks 1, 6 and 7, while the Cyprus Republic's right to conduct hydrocarbon research has been
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBanking) and small business loans (-6 million). This led the group NPL ratio to stand at 34.1 percent from...-on-year in Greece and by 8 percent for the group. Cost containment largely reflects the continuing... other negative developments. Balance Sheet Eurosystem funding stood at 6 billion in Q3 from 8.4 billion
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Greeks show highest mistrust in newspapers, TV and online news across EU
Societyaverage of 6 percent. At least seven in 10 respondents in the EU were found to trust the news..., compared to an EU average of 8 percent. Just 40 percent of Greeks said that they “totally trust... or never” come across such stories was the lowest in the EU at 6 percent against an average of 17 percent
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingmillion), rising by 8 percent to 334 million on an annual basis. Operating expenses rose by 24 percent... billion. Interbank repo balances stood at 1.5 billion in December 2017 compared to 6 billion at the end... As part of the new IFRS 9 implementation Greek banks are expected to increase provisions by roughly 6
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturescame into force, more than doubling from its previous level of 6 percent to 13 percent. The same... in neighbouring competitive markets is lower, at 10 percent for Spain, 9 percent for Cyprus, 8 percent for Turkey and 6 percent for Portugal. The report goes on to suggest that a more favourable tax
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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomyunderlying subcategories. The biggest fall came from tax refunds which fell by 8 million euros to 480 million euros. This was followed by SSFs (-6 million), state budget arrears (-4 million...) and extrabudgetary funds (+6 million euros). At 29.3 percent of the total, SSF arrears made up the majority
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingin the first quarter (Q1) of 2019, gaining on the profits of 8 million euros reported in Q4.... Compared to the same quarter last year, PPI rose by 6 percent. Asset quality Domestic non-performing... million in Q4 and 12 million euros in Q1 2018. Operating expenses fell by 6 percent QoQ to stand
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From a tsunami of debt to some sense of normality
Agorain September of that year that the deficit would reach 6 percent of GDP. In fact, it was at 8... 11.7 billion euros, which is just 3 percent of total outstanding debt and only 6 percent of GDP
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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgrammebelow 2 percent and the yield of just 0.15 percent for the rollover of 6 months T-bills, he argued... at just over 8 billion euros annually until 2032. According to the IMF’s latest Article IV... between 4 percent and 6 percent as the debt ratio drops and the risk premium is reduced to just 75 bps
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Travel surplus rises by 12.7 pct in 9M
EconomyMacroeconomyto total 50 million euros. Meanwhile, business trip receipts showed an increase of 6 percent... rose by 1.6 percent, while those through road border crossings rose by 8 percent. Visitors from within... popular regions were the southern Aegean (6 million), central Macedonia (5.9 million), Attica (4.7
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