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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingyear came to 196 million euros. Net interest income (NII) rose by 1 percent QoQ to 360 million euros, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 500... percent in Q4. P&L As mentioned, NII stood at 360 million euros, showing a rise of 1 percent QoQ
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Newsletter 352 - 23/09/2022
, or coalition, would need a total of around 44 pct of the vote. A poll carried out by Pulse for Skai...: Greece will stick to its commitments and deliver the primary deficit of 2 pct of GDP, although... surplus of 1 pct of GDP. The latest preliminary budget execution data is a source of optimism
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammein contributions e.g. for 1 pp in total. This means that the government has to consider alternative measures... in the implementation process. In addition, the government has to identify measures yielding in total 1 percent... contributions for supplementary pensions by 1.5 percentage points (pp), 1 pp for employers and 0.5
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammemeasures. Also, Greece has to identify measures yielding a total of 1 percent of GDP (0.75 percent coming... percent or around 1 billion euros, mostly related to measures that are incorporated in the 2016 budget but have not been either legislated or implemented. These interventions relate to: 1) Imposition
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Greek banks on cusp of improved liquidity conditions
Agoraon June 2, the ECB postponed that decision until all prior actions are implemented and the ESM... would no longer be eligible as collateral for ECB funding from March 1, 2015. This means... means that a total nominal value of 9.3 billion euros of Greek government securities, currently used
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Newsletter 139 -10/11/2017
the figure for the same time last year. Overall, the total stock of overdue obligations, including legacy..., will boost the economy in the second half of the year. 2 Trade deficit declines by 3.8 pct in September... of 6,549 people employed in August compared to the previous month. which brought the total to 3.79 million
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Newsletter 224 -25/10/2019
, in 2018 Greece ran a total surplus of 1.8 billion euros, or 1 percent of GDP. This is the third..., when it will be clearer if the total amount will be more or less than expected. On pensions... a major departure from what has gone before, will apply for anyone paying contributions after January 1
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking) in H1 came to 727 million, up by 1 percent YoY, mainly on the back of improving funding costs. In Q2, NII reached 367 million, higher by 2 percent YoY and quarter-on-quarter (QoQ). Asset quality NPEs... million euros. In Q2, operating expenses came to 255 million, down by 14 percent YoY and 1 percent
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Coalition considers options for addressing pension system sustainability
EconomyProgrammeup 28 percent of total from 16 percent in 2009. In addition, the ratio of insured persons over pensioners currently stands at 1:1.7 compared to a target of 1:2.1 for a viable pension system. The key points of the proposed pension reform include: 1) A national pension with a growth clause equal
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgramme’s key provisions relate to the parametric fiscal measures yielding 1 percent of GDP... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes... of the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3
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