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Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
EconomyMacroeconomyfor a few months. Overall retail sales in 2020 were down by 8.6 pct, at 47.25 billion euros, from 51.72... down almost 40 pct, while cosmetic sales dropped by more than 39 pct and clothing also fell by 36.6... Greece’s second lockdown was introduced in November, retail sales were down 10.4 pct year-on-year
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Newsletter 286 - 26/02/2021
), retail sales were down by 8.6 pct overall last year. However, for some sectors - like footwear... why it played down the initial claims that the director and actor had abused minors. Mitsotakis... of the agreed reforms, the momentum has slowed down. To a large extent, this is attributed
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Latest lockdown tweaks prompt opposition backlash
PoliticsGreek Politicspublic. A second reason, cited in a report by Kathimerini newspaper, was reluctance to shut down any... would eventually bring numbers down, any relaxation of behaviour would be premature. “It would be a shame”, he noted, “now that the exit is in sight, to tear down what we have built with great effort
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SYRIZA targets middle class with own plan for post-pandemic economic rebound
PoliticsGreek Politicsdown and the rest of the outstanding amount be paid in 120 instalments. The debt forgiveness would... of SYRIZA’s failure to gain traction since its election defeat in 2019 is down to middle class voters.... Beyond that, given that the speculation about snap elections later this year has not died down
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General government debt rises to 205.6 pct of GDP in 2020
EconomyMacroeconomybillion euros in 2020, while the social security funds ran a surplus of 599 million euros – down from... euros last year, an increase from 4.64 billion euros in 2019. The figure is still down from 5.83... down between 6.55 billion euros in currency and deposits, 67.2 billion euros in securities
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Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln
EconomyBankingquarter, the NPE stock comes down 11.4 billion euros for the group, and 8.79 billion euros... percent. The Galaxy securitision brings the NPE ratio down to 26 percent. P&L NII came to 399.6 million.... The bank’s Total Capital Ratio stood at 18.3 percent, down 10 bps in the quarter. The Galaxy
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NBG posts 557 mln profit in Q1
EconomyBanking(PPI) was 663 million euros, down from 910 million in the Q1 2020, but a 51 percent increase from... 63.3 percent. P&L Net interest income (ΝΙΙ) rose 6 percent YoY to 294 million, though it was down 6... debt security transactions, mostly Greek government bonds. Trading income was down 37 percent from Q1
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingof 2020, a rise of 34 pct. Pre-provision income (PPI) stood at 803 million euros, down by 24 pct.... The ratio wad down to 12.8 pct and coverage stood at 66.4 pct. The bank notes that all its clients... government bonds. Trading income was down 43 percent from H1 2020, when it amounted to 786 million
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Stock taking: Where is the Greek economy now?
Agorajudiciously scales down its substantial support for the economy. The ECB, meanwhile, is doing its part... Covid-19, and the unemployment rate has been kept artificially down by various support schemes... is unemployed and wages and prices have come down in Greece, the domestic productive system is still
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Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2
EconomyBankingdown by segment, consumer NPEs were the highest at 33.6 pct, followed by roughly equal percentage... of a total of 162.04 billion euros in loans, broken down by 4.36 billion euros of consumer loans... for another year and half, and banks intend to use it to bring their NPE ratios down to single digits
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