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C/A deficit to April narrows by 34.7 pct boosted by services
EconomyMacroeconomybillion last year, according to the Bank of Greece (BoG). The moderate increase reflects a rise... to a 3.2 percent drop in exports and a 3.5 percent increase in imports. BoG notes that the key... in the 4-month period, while imports rose by 1.2 percent. That said, BoG underlines that the key negative
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Greece sizes up task of restructuring corporate debt
EconomyThe Bank of Greece (BoG) released on Friday the findings of a recent workshop in which... billion euros is less than half the figure of 42 billion recently disclosed by BoG governor Yannis..., which would impact consultation and out-of-court solutions. According to the BoG release
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How Greek banks' capital needs could be reduced by 2.3 bln
Economyis expected to be tabled to Parliament by early September. Bank of Greece (BoG) sources told Capital.gr... could potentially recognize in its accounting DTA the remaining amount of around 2 billion. The BoG... on the recognition of DTA in Common Equity Tier 1 (CET1), set at 20 percent of CET1. A later BoG decision (Executive
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Greek current account balance turns negative in October after four month of surpluses
EconomyMacroeconomynegative in October with a deficit of 199 million euros, according to the Bank of Greece (BoG...-resident’ arrivals by 18.9 percent. BoG is due to release detailed figures on travel surplus... respectively. BoG also noted that the 6.2 percent YoY increase in the trade balance is mainly owed
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Greek banks set for early ELA return in apparent precautionary move
Economyto the Bank of Greece (BoG) for raising liquidity of 5 billion euros through the Emergency Liquidity..., the provision of ELA are incurred by the BoG. The cost of ELA funding is 150 bps over ECB main... mechanism was initially launched by the BoG in August 2011 as a last resort funding to assist Greek banks
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Newsletter 12 - 23/01/2015
have submitted requests to the central Bank of Greece (BoG) for access to Emergency Liquidity Assistance (ELA) funding. The BoG in turn requested approval from the ECB for the four banks, including... approved BoG request for two weeks, a decision it will review at the next meeting of its governing council
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Pressing economic tasks mounting up for next Greek government
EconomyProgrammeof the four systemic banks have submitted requests to the central Bank of Greece (BoG) for access to Emergency Liquidity Assistance (ELA) funding. The BoG in turn requested approval from the ECB..., the ECB reportedly approved BoG request for two weeks, a decision it will review at the next
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomy, according to the Bank of Greece (BoG). This mainly reflects a widening of the current transfers... terms still lag exports by 18 billion. BoG noted that the increased trade deficit also reflects higher..., which fell by 9.1 percent in the 11-month period. BoG is due to publish the full year figures
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price... to be published twice per year and have 2010 as the base year. BoG said that price indices are valuation... to the BoG is possibly associated with: a) More intense efforts of tenants to renegotiate active
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomy(BoG) monthly financial statement published today. Note that January financial statement was published with a delay due to the Annual General Meeting of BoG held at the end of February. The next... Greek banks (Alpha, Eurobank and Piraeus) submitted requests to BoG for resorting to the ELA mechanism
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