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Newsletter 9 - 30/12/2014
Greece heads to the polls Surveys suggest SYRIZA's lead is narrowing Greece has entered one of the briefest election periods in its history after Parliament failed to elect a president on Monday, triggering snap elections on January 25. The government’s...
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Episode 9 - Greek economy toiling under pandemic pressure
AgoraIn this episode, we have returned to one of the first topics we covered so can examine how the Greek economy is coping with Covid-19. Our producer, Phoebe Fronista, has been speaking to Constantinos Kouvaras, the area director in Greece for the Bacardi ...
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Car sales rise by 3 pct in September and drop by 26.7 pct in first 9 months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 3 percent in September compared to a drop of by 23.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. In September 2019, the year-on-year change showe...
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Workers lost almost 9 pct of real income last year, research shows
SocietyThe Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE. Last year, there was a minor...
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Travel balance to July soars by 19 pct, reaching almost 9 bln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 3.88 billion euros in July, from 2.73 billion euros in June, according to Bank of Greece (BoG) data released on Thursday. July’s balance was roughly 14 percent higher than the 3.41 billion euros registered i...
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Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday. In May 2023, the balance showed a deficit of 1.63 billion euros. The Bank of Greece notes that this is main...
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average C...
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Newsletter 22 - 03/04/2015
Focus on meeting obligations Most critical dates for debt repayments this month fall on April 8–9..., of which 450 million involves an IMF payment on April 9 and the rest interest payments. On top... in a T-Bill rollover related to foreign investor take up and 450 million in IMF payments on April 8 and 9
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingsegment (+9 million). Overall, the Greek NPL stock fell to 18.5 billion euros in September, landing... Equity Tier 1 (CET1) ratio stood at 17.8 percent, down by 9 bps QoQ. This was the result of lower prices on the available-for-sale portfolio (-9 bps) and the increase of risk weighted assets due
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingfrom 9 billion. Eurosystem funding dropped further in late March 2018, with ELA dropping below 2... percent in 2017 to 40.9 billion. Total deposits rose by 1 percent annually to 42.72 billion. IFRS 9 As part of the new IFRS 9 implementation Greek banks are expected to increase provisions by roughly 6
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