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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyGreece’s budget execution showed a deterioration in September, with the primary balance recording a deficit of 719 million euros from a surplus up to 1.8 billion in the prior four months, the Finance... since January by 6.2 percent in September, yet the 9-month figure still points to a drop of 6.8
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingup by a double digit rate (+10.3 percent) to 973 million. At the same time, operating expenses also... easing 0.5 percent QoQ. As expected, Greek deposits posted a high single-digit drop by 9.1 percent
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomy, while the marked drop in the prior two months reflects the elimination of competition.... Loans On the corporate lending front, interest rates in loans for an amount up to 250,000 euros
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankingpre-provision income (PPI), a sharp drop in loan provisions and the negative impact from one-offs.... On the asset quality front, the Greek non-performing loan (NPL) ratio picked up in July due
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Coalition considers options for addressing pension system sustainability
EconomyProgrammebetween 2010 and 2014, reflecting a reduction in salaries of 21.8 percent and a drop of 19.2 in the number... up 28 percent of total from 16 percent in 2009. In addition, the ratio of insured persons over
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Economic sentiment stable, consumer confidence down 4.5 pts in November
EconomyMacroeconomyof understanding (MoU) in mid August. However, the year to date balance indicates a drop by 12.6... to cumulative gains of 20.5 points over the past three months with the November figure landing at -47, up
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Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomyposted the lowest drop (-16 percent). Following the completion of Greek bank’s recapitalisation... the way for banks to unlock tied-up funds and support credit expansion when the domestic economy
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Car sales grow by 7 pct in Dec and by 13.5 pct overall in 2015
EconomyMacroeconomy(-13.8 percent) last year. The July drop was attributed to the imposition of capital controls and October... at 96,151 for the whole year making up almost 83 percent of road motor cars. The 13.5 percent
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Greek labour market recorded in 2015 second highest net hirings since 2001
EconomyMacroeconomyhirings reached 99,700, marginally up by 0.6 percent over the 2014 figure of 99,122. The breakdown shows... percent drop in gross departures of 1.71 million. The latter reflects a rise in lay-offs by 14 percent
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Receipts from taxes and social contributions rise to 39 pct in 2014, near EU average
Economyto 81.82 billion implying a double-digit drop by 15.3 percent until 2014. However, due to GDP... average of 32 and 34 percent respectively. In contrast, taxes on income and wealth make up 24.9
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