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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 20 million euros from continued operations in the first quarter (Q1), reversing the loss of 60 million euros in Q4. The figure for the same quarter last year stood at a loss of 9 million euros. Fact...
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingAlpha Bank reported a net loss of 52.9 million euros in the second quarter (Q2) of the year, attributable entirely from profits originating from continued operations. The results reverse profits of 65.2 million euros noted in the first quarter of the ye...
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Despite some common ground, revision of constitution makes for new battleground
PoliticsGreek PoliticsMPs began debating on Tuesday the proposed changes to the Greek constitution before a vote on Thursday in what is shaping to be another political battle between SYRIZA and New Democracy, although the parties agree on aspects of the revision. Any propose...
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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammeMPs are due to approve on Friday the new framework for the protection of primary residences from foreclosure after the government made a last-minute change on Thursday, aiming to satisfy Greece’s lenders ahead of the April 5 Eurogroup. The government am...
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PM makes slowing spread of coronavirus his main goal
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis made his first televised address regarding the coronavirus on Wednesday evening, just hours before the first death from the illness in Greece was confirmed. In his message, Mitsotakis identified the main goal as being ...
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ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
EconomyAfter seeing its sovereign debt market decimated within a period of four weeks, Greece breathed a sigh of relief on Wednesday night when the ECB announced that it will include the country in its Pandemic Emergency Purchase Programme (PEPP). This new ass...
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PM makes minor changes to cabinet, with focus on handling of EU funds
PoliticsGreek PoliticsA limited cabinet reshuffle – the first since New Democracy came to power just over a year ago - which had been trailed for the last few weeks was announced on Tuesday. The two key goals were to fill a position that had been vacated recently and to gear...
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PM makes new bid to address Covid wave, speculation about restrictions
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis was due to return on Thursday to a communications tactic he used regularly during the early days of the pandemic – the televised address – in a bid to contain the latest Covid wave. Trailed for the last couple of days,...
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Tsipras makes pre-emptive peace offering to next KINAL leader ahead of final vote
PoliticsGreek PoliticsAhead of Sunday’s run-off vote in the KINAL leadership election, SYRIZA’s president Alexis Tsipras has made an indirect appeal to the centre-left party’s next head to focus on attacking the government rather than the main opposition party. New Democracy...
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Athens makes landmark foreign policy shift by sending arms to Ukraine
PoliticsForeign PolicyAthens has shown its support for Kiev following Russia’s invasion by sending ammunition to Ukraine, while also condemning any revisionist trend “from any source whatsoever,” as Prime Minister Kyriakos Mitsotakis said during a NATO teleconference, on Fri...
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