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  1. National Bank posts losses of 159 mln in Q1 2015
    Photo by MacroPolis

    EconomyBanking

    National Bank (NBG) posted net losses of 159 million euros in the first quarter (Q1) of 2015 from 1.11 billion in Q4 2014, which were entirely due to one-offs. Excluding the extraordinary items... by 3 and 4 percent respectively. Net interest income (NII) fell 5 percent QoQ, largely stemming from

    5%

  2. OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
    Photo via OECD on Flickr https://flic.kr/p/9Lr6kk

    EconomyMacroeconomy

    ) and edging up to 4 percent in 2016. Overall, net exports are expected to ease 0.5 percent in 2015..., according to the OECD. In addition, a broader and well-designed social safety net would help the most

    5%

  3. EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
    Photo by MacroPolis

    Economy

    billion compared to 24 billion envisaged by the second bailout programme Net financing needs could... for net financing needs of 74 billion is 4 billion lower than that projected by the IMF. The EC notes

    5%

  4. Greek stocks down 15.2 in first week of trading after market closure

    Economy

    of 0.11 euros per share on Friday with its yield at 2.5 percent. Mytilineos posted on Wednesday Q2 net... Telecom Organisation (OTE) posted a net Q2 loss of 3.6 million compared to profits of 69.3 million

    5%

  5. Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    is prohibited. The breakdown by depositor type showed households withdrew a net amount of 937 million, while non-financial corporations posted net inflows of 1.17 billion. The aggregate figures for the 9-month

    5%

  6. Greek stocks down 5.1 pct over week as investors remain cautious

    Economy

    a trading update for the second quarter (Q2) on Monday showing net interest income rose 1.4 percent... percent to 136.4 million and EBITDA rising by 6.2 percent to 47 million. However, net profits dropped

    5%

  7. Strong start for Greek stocks but they end week down 3.4 pct

    Economy

    EBIDTA also fell by 5.7 percent to 350 million. However, net profits rose by 13.3 percent to 78.3... percent to almost 60 million. Nevertheless, net profits sharply dropped by 56.6 percent to 12

    5%

  8. Greek stocks on slide for third straight week

    Economy

    in the previous week. Corporate news NBG released its third quarter (Q3) results on Monday, with net... Petroleum Q3 results showed net profits jumped to 111 million from 24 million last year with EBITDA also

    5%

  9. Deposit flow turns negative with outflows of 681 mln in Oct

    EconomyMacroeconomy

    . The breakdown by depositor type showed households recorded net outflows of 533 million reflecting time outflows... outflows of 249 million, while other euro area and non-euro zone residents posted net inflows of 40

    5%

  10. Privatisation of power transmission firm ADMIE a key challenge among prior actions

    EconomyProgramme

    EBITDA improved by 5.2 percent to 183 million with net profits showing a notable rise by 25 percent to 55.9 million. ADMIE’s cash stood at 118.3 million in 2014, net debt at 336 million, while

    5%