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Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
EconomyBankinghalf in H1 to 0.5 percent, down from 1 percent a year ago. P&L Net interest income (NII) came to 1.05... in H1 2023. Eurosystem funding dropped further to 1 billion euros of TLTRO III, with the remaining 1
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Calls for snap polls, parliamentary probes set tone for polarised politics
PoliticsGreek Politicsinto a slanging match between the government and the opposition and set the tone for the upcoming months... having rising debts. He also announced plans to set up a panel of experts to assess the out... into the bank loans if the government also agreed to set up a committee to look into the imposition
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgramme(MTFS) for 2018-2021, a pension reform with net savings of 1 percent of GDP in 2019-2021 and a personal income tax (PIT) reform also delivering net savings of 1 percent of GDP in 2020 and 2021... assessment. Furthermore, a targeted spending package and a growth-enhancing tax package each yielding 1
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Greek banks' Eurosystem funding rises again in November, up by 1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding increased for the second straight month in November, when it rose by 1 billion euros, according to the Bank of Greece's (BoG) monthly financial statement on Wednesday... from 43.85 billion in October. This reflects a 1 billion rise in main refinancing operations, while
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Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
EconomyMacroeconomyGreece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent in November, according to the Bank of Greece (BoG). In absolute terms, travel receipts were up... a rise by more than 1 billion YoY. As already evident in previous months, the double-digit growth
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CPI tumbles by 1 pct in July
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) dropped at an accelerating pace of 1 percent in July after a 0.7 percent decline in June, Hellenic Statistical Authority (ELSTAT) data showed on Monday... and services posted a change less than 1 percent from the previous month’s level. Greece remains
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Current account surplus almost doubles to 1 bln in June
EconomyMacroeconomyGreece's current account (C/A) surplus almost doubled to 1 billion euros in June from 508.9 million a year ago, Bank of Greece (BoG) figures showed on Thursday. The year on year improvement by around..., while exports fell by around 1 billion to 11.6 billion. As a result, the goods’ deficit fell
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CPI falls at slightly higher pace of 1 pct in September
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) dropped at a slightly accelerating pace by 1 percent in September after falling by 0.9 percent in August, Hellenic Statistical Authority (ELSTAT) data showed... other main groups and services posted a change less than 1 percent MoM. Since May 2013, when CPI
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Turnover in tourism sector up 1 pct in Q1 for third straight quarterly rise
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services increased for the third straight quarter in the first quarter (Q1) of 2017, albeit at a slower pace of 1 percent from a downwardly revised growth... receipts are projected to rise by at least 1 billion and range between 14.2 to 14.5 billion in 2017
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Wages index improves 1 pct in Q1 but falls QoQ for second straight quarter
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index rebounded for the sixth successive quarter by 1 percent year on year (YoY) in the first quarter (Q1) of 2017 after edging up by 0.2 percent in the previous... and 14th salary bonuses. The non-seasonally adjusted (NSA) wages index also grew by 1 percent in Q1 after
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