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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingsecuritisation, NPL formation in the wholesale segment will drop by 1.64 billion euros and by a further... losses stood at 11 million in 9M 2019 up from 6 million in 9M 2018. Balance Sheet The bank fully... funding is made up fully of European Central Bank funding. As of Q3, ECB funding fell by 900 million euros
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Government braces for reaction to pension bill
PoliticsGreek Politicsclaim when they retire. Pensions will be fully guaranteed up to 2070 and spending is expected to drop... to live up to its promise to scrap the previous government’s pension regulations, the so-called... would also have to pay up to 20 percent more than under the Katrougalos law, which linked the level
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammeas the Greek request to set up a mechanism that transfers over-performance between years and the lowering of the fiscal targets up to 2022. Decisions on central bank profits are expected in June... issue and the drop in the borrowing costs to a spread of 140 basis points. Greece also holds
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Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
EconomyOnly two days after announcing economic measures of up to 2 billion euros to support businesses... months. Until now, the let-up in loan payments was only available to businesses that were considered... a drop in their turnover due to the impact of Covid-19 will also be able to stop paying their tax
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Covid-19 effects spread across number of sectors
EconomyFeaturesthat the tourism industry globally finds itself in unchartered waters. He estimated that it would take up... to a sharp drop. The indicator came to 42.5 points from 56.2 points in February. On an annual basis... now seems to be coming to a sharp stop as individuals and businesses struggle to keep up with loan
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Medics highlight weaknesses in frontline care as parties debate emergency measures
PoliticsGreek PoliticsThe government has announced it will step up checks on highways and at ports and airports ahead... staff, with leader Alexis Tsipras calling the appointment of 200 new doctors “a drop in the ocean... media in recent days. Parliament The government’s Covid-19 emergency legislation comes up
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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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