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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingto 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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Overall loan interest rate drops to 4.23 pct in May
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations rose by 18 basis points (bps) to 4.23 percent in May from 4.05 percent in April, data from the Bank of Greece (BoG) showed on Friday. The spread between loan and deposit rates rose to 4.10
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Employment balance positive by 37,568 in June, reflecting uptick in seasonal hires
EconomyMacroeconomyThe employment balance was positive with 37,568 more hirings than firings in June, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were 6,161 more people hired than fired. The balance for June 2020 represents the second highest positive
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Controversy over media campaign rumbles on as further details emerge
PoliticsGreek Politicshighlighted anomalies in the data, including instances where government-friendly media outlets with a small
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Trade deficit falls by 47.7 pct in May
EconomyMacroeconomyGreece’s trade deficit fell by 47.7 percent year-on-year (YoY) in May compared to a drop of 30.3 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed. The deficit came to 1.16 billion euros for the month. Imports totalled 3.23 billion euros, showing
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EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
EconomyMacroeconomy. For this interim forecast, the Commission had available Greek data for the first quarter of the year, when
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Car sales drop by 24.7 pct in June and 33.1 pct in first 6 months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell by 24.7 percent in June, softening compared to a sharper drop of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In June 2019, the year-on-year change showed a rise of 4.9 percent. Car sales
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CPI falls by 1.6 pct YoY in June
EconomyMacroeconomyand February, while no change was noted in March. The remaining months showed declines. The data showed
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Higher Covid-19 numbers spark concern as tourism sees little benefit from visitor arrivals
PoliticsGreek Politicsdaily data are looking closely at what is happening on Greece’s land borders, where numerous
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Building permits fall by 22.4 pct in April
EconomyMacroeconomyBuilding permits fell by 22.4 percent year-on-year (YoY) in April compared to a rise of 10.2 percent in March, Hellenic Statistical Authority (ELSTAT) data released on Monday showed. The total number of permits came to 973, falling below the 1,000 permit mark for the first time since January 2019
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