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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
AgoraThe four core Greek banks released their second quarter (Q2) results in the last two days of August, which showed improving trends in core revenues as well as encouraging signs on the loan quality evolution. However, impairment charges jumped quarter on quarter (QoQ), mainly reflecting one specific
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General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus grew by almost 1.7 billion euros to 4.02 billion in the 7-month period of 2016 from 2.33 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday. The remarkable rise is mainly attributed to a substantial improvement
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Greek stocks drop 2.6 pct over week, banks drop 7.4 pct after big gains last week
Economyin the first half (H1) of 2016 from 11.3 million a year ago mainly dragged by FX movements
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomysurplus is mostly due to lower net transport receipts mainly attributed to capital controls. In addition
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PMI slips to contraction territory in September on lower production and new orders
EconomyMacroeconomycosts rose for the sixth consecutive month mainly attributed to raw material shortages. As a result
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Car sales increase by slower rate of 9.6 pct in Sept
EconomyMacroeconomyin the last couple of years mainly reflects renewal of rent-a-Car fleets and the gradual replacement
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Athens mulls Erdogan comment on Aegean islands, sees Cyprus talks dragging on
PoliticsForeign Policydevelopments in Turkey. They believe the message was addressed mainly to a domestic audience in an effort
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New overdue taxes jump by 1.35 bln in Sept, driving total stock to 92.8 bln
EconomyMacroeconomyon month (MoM) to 82.42 million in September, mainly reflecting revenue collection. The breakdown
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Newsletter 94 - 04/11/2016
that the 2017 draft budget is expected to have a recessionary impact mainly due to its tax-based
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Stocks rebound 1.5 pct during week, banks climb 4.6 pct
EconomyThe Greek stock market rebounded 1.5 percent this week after recording losses in the previous two weeks. The positive performance was mainly led by banks, which jumped 4.6 percent following extended losses of almost 10 percent in the prior three weeks. The institutions’ mission chiefs are due
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