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Newsletter 169 -06/07/2018
, growing by 2 percent this year, 2.3 percent in 2019 and 2.4 in 2020. As employment conditions improve... growth will outpace imports, growing on average by 6 percent, compared to 5.5 percent for imports. Employment is expected to grow by 2 percent annually, taking the unemployment rate to 16.5 percent
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Eighteen core goods led exports during crisis, NBG study notes
EconomyFeaturesthe crisis years to hold a 2 percent global market share. Across the years of the crisis, basic... period, the rising export category managed to double its market share to 2 percent in 2017. Other... of 2 billion euros. The GDP contribution from the rest of the export base declined by almost 80
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingof 2.1 billion euros and write offs of 3.4 billion euros, of which 2 billion went on to be sold... peers. Management noted the disposal of 2 billion euros in unsecured retail NPLs at a consideration of 6 percent of the principal amount, which they said represents the most capital accretive
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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicscounted, New Democracy had 33.2 percent (7 MEPs) of the vote and SYRIZA 23.9 percent (6 MEPs... few days. Centre-left Movement for Change (KINAL) gained 7.1 percent (2 MEPs), the Communist Party (KKE) 5.7 percent (2 MEPs) and Golden Dawn 4.8 percent (2 MEPs). Beyond the considerable winning
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBanking. When excluding one-off items, namely the bank’s voluntary retirement scheme, PPI fell by 6 percent... euros, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 500... and 2 percent YoY. Management noted that 2 billion euros in new loans that were disbursed in the final
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Newsletter 215 -19/07/2019
to announce 2 billion euros of spending cuts and savings to counterbalance the 6 billion euros in tax... (IoIs) exceeding 10.5 billion euros, before the book officially opening with a guidance of 2 percent... year. 2 Budget primary surplus at 382 mln Primary balance for June comes to a deficit of 534 million
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyProgramme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2... 56.3 billion this year. Interest expenditure will stay broadly stable, at 6 billion euros, from 6.5...’s macroeconomic assumptions. According to the council, the 2 percent growth projection for 2019
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Plans for Hellinikon development set out, emphasis on real estate revenues
EconomyFeatures, will be carried out in phases. The first phase is budgeted at 2 billion euros, almost double the original plan... of the coastal front. Of the 2 billion euros for the first phase, 850 million euros will come from... is budgeted at 2 billion euros. Overall, five multistorey buildings of 200 metres and 10 landmarks
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBanking(-2 million). Overall, the NPE ratio stood at 45.5 percent at a group level, with the NPE coverage... operating expenses rose by 1.1 percent QoQ to 270 million, declining by 2 percent YoY to stand... losses stood at 11 million in 9M 2019 up from 6 million in 9M 2018. Balance Sheet The bank fully
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingYoY. In the 9M period, NII came to 1.07 billion euros, higher by 2 percent YoY. Management noted... million euros, showing a YoY rise of 6 percent. Ancillary fee volumes continued to show..., reflecting a fall of 2 percent YoY and 3 percent QoQ. The cost-to-income ratio stood at 51 percent
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