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Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
EconomyMacroeconomyGDP had contracted 0.5 percent QoQ. The headline figure is slightly better than Reuters poll... for June balance of payments as well as quarterly unemployment and turnover indices for the service... Following a softer than initially expected GDP contraction of 0.3 percent last year, Greece remained
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Net job hirings rise again, reaching 19,281 in July - highest since 2001
EconomyMacroeconomyThe employment balance was kept positive for the sixth successive month with net hirings reaching... than half (around 46 percent) of July hirings involve full-time employment, while around 39 percent relate to part-time and more than 15 percent to shift work. The share of men to total hirings
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Lower bad loan provisions and increased write-offs for Greek banks in Q2
Economy, the aggregate balance-sheet figures published by the Bank of Greece (BoG) provide some colour..., and have increased by more than 3 percentage points from the Q2 2015 figure of 18.4 percent... of 2016 stands 13.8 percent lower than the figure of 1.01 billion posted in the corresponding period
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomynegative, the July figure indicates the highest outflows since February leading the deposit balance... respectively more than offsetting notable inflows of 1.13 billion in time deposits. The breakdown... of capital controls has resulted in inflows of less than 1 billion in the past two months. It should
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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agorain banks’ balance sheets eased to 57.44 billion euros in Q2, corresponding to 25 percent of gross loans... rose by less than 100 and 300 million euros respectively in Q2. Overall, the NPE ratio remained stable... of pillar II bonds. The cash value of the latter more than halved to 4.9 billion euros recently from 10
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Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln
EconomyMacroeconomythe anticipated import rise of 3.3 percent. The unemployment rate is projected to slip by more than 1 percentage... balance is expected to reach 1.8 percent of GDP in 2017 marginally surpassing target of 1.75 percent... significantly lower than expected SMP and ANFA revenues. Net revenues are seen slightly rising by 0.3
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September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
EconomyMacroeconomy. The central bank funding balance edged down for the 15th successive month to 75.31 billion euros at the end..., its lowest level since December 2012. It has dropped by more than 12 billion euros since June 2015... in September, the funding mix slightly shifted towards ELA funding, which now makes up more than 63 percent
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Making the extraordinary ordinary
Agorain the biggest flow of refugees in to Europe since the Second World War. More than 850,000 people arrived..., who would have had every right to be overwhelmed by this sudden upsetting of the quiet balance... for no other reason than fellow human beings being in desperate need of their assistance. Of course
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In 16th successive fall, Eurosystem funding drops by 3.5 bln in Oct
EconomyMacroeconomyon Thursday. As a result, central bank funding balance fell for the 16th straight month to 71.78 billion.... Overall, the current stock of Eurosystem funding stands 54.79 billion euros lower than the June 2015... since April 2015. Banknotes in circulation have been reduced by more than 4 billion in the past six
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingand impairment on other assets that more than offset a nosedive in trading income. The most important takeaway... Liquidity Assistance (ELA) funding and repo cost at negative rate, which more than offset the negative... loan balance down by almost 800 million QoQ to 65.4 billion, while deposits increased by 875 million
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