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  1. Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1
    Photo by MacroPolis

    EconomyBanking

    ), compared to a profit of 195.1 million euros last year. Core pre-provision income (PPI) rose by 13.5 percent year-on-year (YoY) in H1 to 505.6 million euros, with 125.8 million euros of loan loss provisions booked in H1, compared with 224.3 million last year. Asset quality The stock of non-performing

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  2. Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
    Photo by MacroPolis

    EconomyBanking

    of 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021. In H1... by end of 2022. At the end of H1 this year, there were 3.4 billion euros of NPEs, with the coverage... by the end of the year. P&L Pre-provision income (PPI) in H1 was 458 million euros, from 542 million

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  3. Quarterly GDP growth slows to 1.2 pct in Q2 as investments shrink and imports rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 7.7 percent growth, from an upwards revised 8 percent year-on-year (YoY) in Q1. The quarterly... seen matching the pre-pandemic record year. The Bank of Greece in the latest monetary policy report published in July, revised down its estimate for this year to 3.2 pct, from 3.8 pct in April

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  4. Travel receipts reach 8.55 bln up to July, balance of 7.71 bln beats 2019 record
    Photo by MacroPolis

    EconomyMacroeconomy

    , the record year before the pandemic. Receipts came to 3.72 billion euros for the month from 2.29 billion euros in 2021, up roughly 63 percent year-on-year. Travel payments rose by 58.7 percent to 204.9... rose sharply annually, reaching 5.28 million travellers, from just 2.82 million last year and 5.67

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  5. Yields rise, but Greek debt still partly shielded from market headwinds
    Photo by MacroPolis

    Economy

    for the period of June and July this year, there were net negative purchases of 14.3 billion euros... 30 billion euros by the end of the year, probably enough to keep Greece funded until 2025... of the year. Both rating reviews that were published by Moody’s and DBRS on Friday noted

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  6. Tourism jobs tumble in Aug, ending 6-month run of positive hirings balance
    Photo by MacroPolis

    EconomyMacroeconomy

    of the deficit from the figure of -9,875 of August last year, suggesting a deterioration of 23,091 jobs... be taken into account that layoffs were also restricted last year due to relief measures linked to Covid-19. August’s negative balance is the first after six straight months this year of a hiring

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  7. Travel surplus at 11.46 bln for 8M, beating 2019 record
    Photo by MacroPolis

    EconomyMacroeconomy

    of August 2019, the record year before the pandemic. Receipts came to 4.04 billion euros for the month from 3.16 billion euros in 2021, up roughly 28 percent year-on-year. Travel payments rose by 56.... Foreign arrivals rose sharply annually, reaching 5.87 million travellers, from 4.07 million last year

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  8. Sept economic sentiment drops to early 2021 levels, consumer confidence down by 6.7 pts
    Photo by Gerarsimos Domenikos/Fosphotos

    EconomyMacroeconomy

    on Friday. By the start of this year, economic sentiment had fully recovered from the decline during the pandemic. The values of around 114 reported in January and February this year were the highest... over 15 points lower than November last year, when the indicator stood at 113.7 points. The index

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  9. Car sales growth slows to 2.4 pct in Oct, taking 10-month rise to 4.5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    in October, rising by 2.4 percent year-on-year (YoY), from 4.7 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In October 2021, the year-on-year change was 10.4 percent. Car sales in September came to 14,740 compared to 14,698 last year, a rise of 0.3

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  10. Record FDI flow into Greece raises bar, but is it sustainable?
    Image: MacroPolis

    EconomyFeatures

    the country welcomed a 90 pct increase in FDI on the previous year. At just over 5.3 billion euros..., and set a new record since the Bank of Greece began publishing data in 2002. For the current year... investment in Greece. This has been the case every year since the Bank of Greece started publishing

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