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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingon the new Greek time deposits stands at 70 basis points (bps), while the total book is priced at 89 bps..., the total Greek loan yield remained almost stable at 393 bps in Q2. Fee income fell by 1.8 percent... the domestic core banks. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.5 percent in Q2, while
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Unemployment rate falls to 20.2 pct in Q3, lowest for almost six years
EconomyMacroeconomynot fallen below the 1 million mark since Q3 2011. The largest increase in employment in Q3... straight quarter and edged up to 20.5 percent in Q3. The number of long-term unemployed (over 1 year) fell to 734,000 for a third straight quarter. Out of the total, long-term unemployed constitute 75.7
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Budget primary surplus at 7.61 bln in November as expenditure curtailed
EconomyMacroeconomyto 233 million in November, and were below target by 1 million. For the same period last year... in October. Overall in the year to date, expenditure fell by 1 percent to 42.41 billion, lower than... euros. Of the total revenues, 1.50 billion were EU funded while 360 million were from the government
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Budget surplus overshoots 11M target due to lower primary expenditure, investment spending
EconomyMacroeconomywas in a deficit of 775 million. The Finance Ministry was expecting a deficit of just above 1..., in the year to date, ordinary expenditure edged down by 1 percent to 42.41 billion, lower than... billion, improving on the target by 105 million. Of the total revenues, 1.5 billion were EU-funded
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Greece worst in EU for gender equality as power resides overwhelmingly with men
Societythey are from reaching gender equality. The Index uses a scale of 1 to 100, where 1 represents total inequality and 100 represents total equality. The scores are based on the gaps between women and men
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Xi's visit carries promise of closer Sino-Greek political, economic ties
PoliticsGreek Politicswith Beijing. A total of 16 agreements were signed, ranging from MoUs on the export of Greek saffron and kiwi... and Central and Eastern European countries, known as the “17+1” (17 CCE countries plus China). The next leaders’ meeting for the “17+1” is in April and Mitsotakis is expected to attend the gathering
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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgramme, the IMF notes that 80 percent of the total is held by the official sector, although as official... percent, from 1 percent in March 2019, with short term growth seen 2.1 percent on average in 2019-2020... balance is expected to be 1 percent of GDP lower in 2019-2025 in the IMF’s view, reflecting the Fund’s
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBankingof the securitisation, once 50 pct+1 of the junior notes have been sold to private investors and a satisfactory... is slightly more relaxed than the Italian criterion of having sold 50 pct+1 of both mezzanine and junior... in the end of December 2018. Out of this total, 22.83 billion are considered doubtful collection, while
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Travel balance more than double in Feb as arrivals increase by 24.6 pct
EconomyMacroeconomyalso increased by 1 percent and came to 166.7 million. Foreign arrivals increased by 24.6 percent... from Russia declined by 42.5 percent to 4,900. In total, arrivals from the EU 27 countries rose... of 59.3 percent YoY. Average expenditure per trip rose by 1 percent to 370.9 euros in the aggregate
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Contribution made by privatisations to GDP since 2010 underlined in new study
EconomyFeaturesfound that privatisations added 1 billion euros annually to Greece’s GDP over the period in question... be attributed to privatisations, suggesting that for each 1 euro of privatisations revenue an added 1.02... development was provided as an illustration. The plan foresees investments with a total budget of 621
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