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Newsletter 209 -07/06/2019
7 vote In what will probably be its last act as a government, SYRIZA was due to adopt legislation... spot ahead of the July 7 vote, possibly resulting in a situation where SYRIZA can argue... to be held on July 7. New Democracy strengthened on Sunday its political comeback with several
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingNPE reduction in 2020, including write-offs, was around 2 billion euros in last year, bringing... it expects to complete the Phoenix and Vega NPE securitizations, with 7 billion total gross book value... an application on Tuesday for the inclusion of a new 7 billion euro securitisation, Sunrise I
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Newsletter 453 - 28/02/2025
grown for left-wing populists Course for Freedom, who are in joint fifth place with SYRIZA at 7 pct... will make Greek products 7 pct more expensive in the US, which could lead to a drop of just 0.05 pct in GDP..., roughly 2 billion euros, were directed to the US in 2023. In the first 11 months of 2024, it accounted
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Despite pledges, Greeks uncertain and feel recovery will take years
Societytroubles will soon come to an end. According to the Public Issue poll, just 7 percent of Greeks... does all this make Greeks feel? Almost a third (31 percent) said they feel rage or frustration, 14 percent are disappointed, 13 percent are stressed, 10 percent feel ashamed, 7 percent are saddened
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Current account deficit at 1.22 bln in Nov, down 18.6 pct
EconomyMacroeconomyby 5.9 percent to almost 14 billion, largely reflecting a rise in non-resident arrivals by 7.5 percent, leading travel surplus up by 7 percent to 12.13 billion. The financial account under direct... 1.6 billion reflecting a rise of 7 billion in residents’ investment in foreign firms’ shares partly
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankinglast year, up by 7 percent. In H1, recurring operating expenses showed a decline of 4 percent... been budgeted for 2018. Gross loans further contracted by 7 percent QoQ to 53.75 billion in Q2... to 13.6 percent in Q2. The pro-forma CET1 ratio stood at 14 percent, adjusted for the risk-weight asset
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking-on-quarter (QoQ), this represents a decline of 7 percent. For the first half (H1) of the year, net... compared to 32 million euros in H1 2018. Core pre-provision income (PPI) increased by 14 percent... versus a loss of 19 million in H1 2018. Operating expenses fell by 7 percent YoY to stand at 408
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Promises and challenges of Greece's "green new deal"
EconomyFeaturesof the utility’s 14 operating lignite-powered generators totalling 3.4 GW (around half of its total capacity... globally for photovoltaic penetration according to the IEA, with solar providing over 7 percent of its..., as of 2017 the country was 7 percentage points behind meeting its EU targets for renewable
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Budget primary surplus at 4.96 bln in Dec, beating annual target
EconomyMacroeconomyeuros, very slightly below target by 7 million euros. The monthly primary balance for December came... revenues came to 60.07 billion euros, higher than the target by 7 million euros. The full revenue.... Tax refunds came to 5.05 billion euros in the aggregate period, above the target by 14 million euros
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingfor the securitisation of the Phoenix and Vega portfolios with a combined value of 7 billion euros... expenses) dropped by 11 percent QoQ and by 14 percent YoY. Deposits in Greece edged down to 46.5... and 7 percent YoY. The cost-to-income ratio (excluding the pandemic-related trading impact) stood
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