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Newsletter 123 - 16/06/2017
extensions and the possibility of claiming almost 1 billion euros extra in EU funds. However, he will have... available. At the same time, the number of ‘long-term’ unemployed (over 1 year) fell to 779,200
8% -
Conference on Cyprus: foot-dragging towards a dead end
Agoraof the Cyprus Republic. The ratios provided by the Annan plan were 2:1 for the government and 3:1
8% -
UN steers clear of Cyprus blame game as focus moves to hydrocarbons
PoliticsForeign Policyof 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
8% -
Greeks deeply pessimistic about future but confidence in euro persists
Societyof those with a negative view improved by 5 percentage points, while the Greek results worsened by 1... thought that the economic situation in Greece would worsen in the next year, an increase of 1
8% -
Capital controls to ease further from the beginning of September
EconomyMacroeconomyIndividuals will be able to withdraw a lump sum of up to 1,800 euros per calendar month from September 1 as part of government moves to further relax the capital controls in place since 2015..., or 1,680 across a total of 28 days. Additionally, from September 1, it will be possible to withdraw up
8% -
Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
EconomyMacroeconomycountries displayed the strongest rise, increasing by 19.7 percent to 1 million. The aggregate.... Furthermore, travel receipts are foreseen to increase by at least 1 billion and range between 14.2-14.5
8% -
Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingto 1 billion, while interbank repos stood at 5.8 billion in August rebounding from the recent low... Equity Tier 1 (CET1) ratio edged up by 10 basis points (bps) QoQ to 17.4 percent in Q2. The disposal
8% -
Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingto the reclassification of 69 million from loan impairments. Operating expenses edged up 1 percent QoQ to 292... exchanged in H1 due to the implementation of the short-term debt relief measures. The Common Equity Tier 1
8% -
NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingthe domestic core banks. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.5 percent in Q2, while... and liquidity by around 80 bps and 1 billion respectively. The positive impact on capital stems
8% -
Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyto May, to total 1 million in June. The labour force rose slightly to 4.8 million in June... at 961,000, going below the 1 million mark for the first time since October 2011. Those employed rose
8%