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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingof 2016 from 4.15 billion in the corresponding period last year, according to the interim financial report published on Wednesday This year’s bottom line result was weighed by valuation losses of 1.05... six months of the year to 1.38 billion at the end of June from 2.38 billion at the end of 2015
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December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomyto the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation... in December, more than 100 million lower than the 4.1 billion recorded a year ago. ESEE highlights... billion by the end of the year. This included the fourth instalment of the single property tax (ENFIA
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Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomy. The headline figure beat the full-year target by 2.41 billion largely due to revenue outperformance... to the budget over-performance this year. MoF is due to disclose a breakdown of the revenue and expenditure... to 584 million from less than 300 million in each of the previous eleven months, while the full year
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Unemployment rate up to 23.6 pct in Q4, down to 23.5 for 2016
EconomyMacroeconomyto the corresponding period a year ago, the jobless rate has dropped by 0.8 percentage points (pp) from... notable improvement in employment from the corresponding period last year was posted... was first made available. At the same time, the number of ‘long-term’ (more than 1 year) edged up
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingin the previous quarter. For the whole year, the bank reported an almost break-even bottom-line result... in Q4 largely due to a rise in operating expenses, while the full-year figure also dropped by 3... into account the reversal of the improving asset quality trends in Q1 this year, management said
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Newsletter 117 - 05/05/2017
firms maintained an optimistic outlook for the coming year, with expectations of future growth hitting... by 2.7 percent this year. The weak GDP performance in Q4 last year and the negative carry-over effect... (IAPR) data revealed. The aggregate figure for the first three months of the year showed overdue
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomy, down by 9 percent from last year’s figure of 1.9 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Monday. However, the year-to-date outperformance widened from just... period, which was 16.4 percent higher than last year, but outperformed the target by 909 million
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Office prices rebound 0.6 pct in 2016 for first time since 2010, retail space prices edge down 0.4 pct
EconomyMacroeconomyrevealed on Thursday. The headline figure indicates the second straight positive reading. The year on year (YoY) comparison showed the office price index rose at an accelerating pace of 0.7 percent in H2... YoY to 71.7 in H2. For the whole year, the office rent index recorded a drop for the sixth
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Net job hirings reach new high of 89,534 in May, 5-month figure a record
EconomyMacroeconomyto 89,534 from 76,591 a year ago, data from the Labour Ministry’s Ergani information system revealed on Wednesday. This year’s figure is the highest positive reading for May since 2001. It is worth noting... to 50.7 percent of new hirings in May from a recent high of 54.9 percent in April. Last year, the share
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBankingat the end of 2016 from 348.77 a year ago. The decline largely reflects a drop by more than 26 billion... percent. As a result, NPEs stood at 106.3 billion at the end of 2016, up by 1.6 percent year-on-year. The more updated figures for the first quarter of 2017 revealed that the NPE ratio further rose
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