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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek PoliticsMinistry to come up with the funds to support struggling businesses and employees. With Greece... to shore up the economy. The Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE... and is available to businesses which have seen their turnover drop by more than 20 percent. The Finance
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingup to 30 percent of the total on-balance sheet gross book value through a contingent consideration... in Greece and contains NPEs of up to 12 billion euros in value. The bank’s management said that while... to provisional data up to March 2020, NPEs came to 60.9 billion, down by 7.6 billion or 11.1 percent
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Newsletter 282 -29/01/2021
administration in Washington and convincing EU leaders to drop any thoughts of adopting sanctions against Turkey... for a 10-year bond issue that ended up breaking two records in the country’s sovereign market. Greece.... That was followed by one more transaction before Greece lost market access and ended up in an adjustment
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(Dis)Integration of Bosnia and Herzegovina in the European Union
Agorawith pervasive corruption and the growing influence of the political elites opens up a lot of space... speed up the process of alignment with the legislation and implement the relevant legislation." Can... of Sarajevo calls them, are not ready to "give up even a millimeter of their powers and privileges
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General govt primary cash deficit at 720 mln in January, as social security funds start year in deficit
EconomyMacroeconomycame to 1.39 million euros, a drop of 12 million was seen, while purchases of goods and services fell... million euros. At 31.6 percent of the total, hospitals made up the largest part of the arrears... from a 1.4 billion-euro increase in bonds which amounted to 68.3 billion euros in January and made up
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NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
EconomyBankingof up to 120 million euros, which will be subject to meeting agreed upon performance targets... organic actions. New defaults remained low, as the drop in economic activity was cushioned... of moratoria at the Q3 and Q4, the bank is pushing for step-up solutions provided to customers
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IMF expects modest recovery, lingering debt but primary surplus to return swiftly
EconomyMacroeconomyin 2026. Growth in the last quarter of this year is seen picking up by 6.9 pct, and slowing down..., after -7.4 pct last year and a recovery from next year up to 2026 at -3.5 pct. This year’s estimate... broadly stable at 16.6 pct this year, from 16.4 pct in 2020. A modest drop is expected in 2022
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Newsletter 293 - 16/04/2021
to the state and pension funds that has built up since the start of the pandemic, along with another... showdown at the polls in the coming months. An issue that started to move up the political agenda this week... debt, stood at 108.8 billion euros. Wages index up by 4.5 pct YoY in Q4 On a quarterly basis
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Newsletter 300 - 11/06/2021
decreased by 0.4 percent compared to April. Up until May’s reading, the CPI has remained consistently negative for the previous 13 months. December’s 2.3 percent drop surpassing the previous lowest... and heating oil. Industrial production up by 22.5 pct in April Month-on-month, the index rose by 2.8
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Retail index rises another 15 pct in May from 2020 lows
EconomyMacroeconomyand supermarket sales were up by 3.3 percent. No retail category saw any decreases, while the main... also up by more than 19 percent. The annual volume increase was led by the same categories..., less than the equivalent turnover. The monthly seasonally adjusted retail sales index in May was up
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