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Newsletter 34 - 10/07/2015
in the same period last year. This translates into a net drop in retail sales by 305 million over... reflecting domestic consumption rather than increased tourism activity. Triggered by a panic to hoard medicines rather than cover their actual needs, citizens also rushed to pharmacies, where child
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Tsipras springs surprise with handout pledge for pensioners
PoliticsGreek Politicswould be shared among roughly 1.6 million pensioners whose monthly retirement pay is lower than 850...Prime Minister Alexis Tsipras sprung a surprise on Thursday evening, when he announced that the government plans to redistribute this year’s primary surplus overperformance to some of those who have
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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomyportfolio. The actual value of the NPE portfolio is expected to be lower than its current 27.5... the economy to normalcy, positive sentiment has sprung from the fact that international bidders have shown
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Strong showing in local elections for ND as it targets majority in national vote
PoliticsGreek Politics. KINAL can expect to elect no more than a couple of state list candidates in the national elections due... Konstantinos Zervas sprung a surprise, winning around two thirds of votes in a contest
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Kasselakis worsens SYRIZA divide by replacing parliamentary leader
PoliticsGreek PoliticsSYRIZA appears on a course to lose its position as the main opposition in Parliament, after fewer than half the party’s lawmakers backed a shake-up of the front bench sprung on them by leader Stefanos Kasselakis. The latest development is set to accelerate the already precarious situation
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammeprojections, largely due to lower growth and deflators, while unemployment was much higher than originally... and the OSI, public debt recorded a relatively modest immediate decrease to 305 billion euros (160 percent... the sustainability assessment around the gross financing needs (GFN) metric rather than a specific debt
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BoG reveals figures for repatriation and banknotes returning to banking system
EconomyBankinginflow of 430 million, which is lower than the respective figure of 560 million recorded in the two-year... banknotes, the monthly repatriation of funds worth 470 million over the last 17 months was more than... in the July 2015 – November 2016 period stood at 180 million, which is substantially higher than
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Domestic factors seen playing role in PM's pick for European Commission
PoliticsGreek Politics. Legislation landmarks The government is also proceeding with a busy legislative agenda in the final days..., journalists and public contractors. Promoting the bill, the government focussed on the automation
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingfor the third successive quarter. Net profits more than doubled to 48.1 million euros in Q1 from 20.1...-on-quarter (QoQ) to 305 million, mostly reflecting a drop in operating expenses following... by more than 100 million to 33.1 billion. The bank noted that Q1 deposits were positively affected
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Stocks rise for first time in three weeks, gaining 1.1 pct
Economy. Corporate news Alpha’s Q1 net profits more than doubled quarter on quarter to 48.1 million, while core pre-provision income rebounded by 1.2 percent to 305 million. Marfin Investment Group (MIG) showed... than halved to 13.1 million. Lamda Development reported a rise of 6.3 percent in Q1 net profits
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