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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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BoG sees banks on right path, warns impact of pandemic not visible yet
EconomyBankingThe progress made by Greece’s banks to clean up their balance sheets was reflected in the latest... improved up to June this year, with the NPE stock down to 20.3 pct, from 30.1 pct at the end... programmes for mortgages and business loans, as well as step up solutions offered by banks
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Polls boost for KINAL after leadership vote, as Androulakis rolls out key appointments
PoliticsGreek Politicsa more significant shift in voter preferences. However, the 3 percentage-point drop will be a wake-up... taking 34.2 pct, followed by SYRIZA with 24 pct and KINAL with 12.5 pct, up from 9.1 pct. New Democracy...’s MPs, the new leader spoke of the need to shake up the party and reshape it based on European
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Another strong rise of 8 pct for industrial production in Nov, led by manufacturing
EconomyMacroeconomyhad dropped by 10.8 percent. Month-on-month (MoM), the index dropped by 1.2 percent, after a drop... and related products, furniture, motor vehicles, tobacco products and coke and refined petroleum products. Up... and quarrying. Water supply was up by 0.9 percent. According to the European Commission’s latest
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Central govt debt rises again in Q4, reaching 388.3 bln euros
EconomyMacroeconomythree quarters of declines back in 2018. The Q4 debt movements reflect a drop of roughly 2 billion... by roughly 600 million euros. FSM loans continue to make up the majority of the total, accounting... (over 5 years) debt made up 74.6 percent of the total, while short-term (up to 1 year) and medium-term
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Recovery loses steam in Q4 with 0.4 pct QoQ growth as rise for 2021 hits 8.3 pct
EconomyMacroeconomyin goods, offsetting the drop of 6 percent in imports of services. Compared to Q4 2020, all components... percent. Household spending was up by 8.6 pct YoY, while government spending was down by 0.8... percent, and exports of goods up by 4.1 percent. Total imports also increased by 33.2 percent, thanks
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Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct
EconomyBankingeuros in Q4, a drop of 2.7 percent QoQ. Net fee and commission income rose by 18.7 percent YoY... at 876.1 million euros, up 3.7 percent QoQ at 225.5 million euros. This took the cost-to-income... average net loans - was 111 bps, compared with 152 bps in 2020. Balance sheet Eurosystem funding moved up
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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economycloser to investment grade, up to BB (high) with a stable outlook. S&P had also upgraded Greece by one... have managed to drop the NPE ratio down to 13 pct of the total stock of last year’s loans... of significant deficits and pushed up the debt-to-GDP ratio to above 200 pct, S&P now sees the Greek
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