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Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
EconomyBankingPiraeus Bank posted a net profit of 721 million euros in 9M 2023, with Q3 2023 profit at 279 million euros, from 331 million euros in 9M 2022. Normalised operating profit was 577 million euros in, with 277 million euros in Q3, from 729 million in 9M 2022. Asset quality The NPE ratio dropped to 5.5
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Stage set for censure motion as Parliament votes to review charges against deputy minister
PoliticsGreek Politicsfor interfering with the scene of the crash. The motion was carried with 277 votes in favour, 12 against
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Newsletter 454 - 07/03/2025
for interfering with the scene of the crash. The motion was carried with 277 votes in favour, 12 against and 4
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Almost all services in Greece saw decline in Q3
EconomyMacroeconomyThe evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeBefore the Greek government can reach the point of discussing any new arrangement with its lenders to take it past June, it has to overcome its pressing funding needs, with March probably being the biggest hump it has to get over during the next four mo...
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EU-Turkey refugee plan: One for one and none for all
Agoraraised serious doubts about the safety and legality of sending back asylum seekers en masse to Turkey
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Tsipras, against all odds
AgoraAbout a year ago – on May 16, 2015, to be exact - Leicester City secured their survival in the Premier League with a 0-0 draw at Sunderland. In Greece, another collection of journeymen, left-wingers, unknowns and rising stars suffering from a lack of di...
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All-round concern about Greek-Turkish tension in run-up to referendum
PoliticsForeign PolicyDiplomatic sources and analysts are concerned about a possible escalation of tension in the Aegean as Turkey heads for a referendum on April 16 that would pave the way for the introduction of an executive presidency to replace the existing parliamentary...
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PMI slows to 52.9 pts in April, sector confidence hits all-time high
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by 2.1 points to 52.9 in April, nearing almost one full year where the reading has stayed above the 50-mark threshold. The index has remained positive, albeit displaying the weakest growth since November 2017 as the pr...
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All eyes on Washington Group's attempt to break debt relief deadlock
EconomyProgrammeThe Greek government will be watching with some concern when its key lenders gather in Canada over the weekend to discuss debt relief. The so-called Washington Group, which in this case will consist of the institutions and the finance ministers of Franc...
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