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NBG results show net profits of 465 mln euros on strong income
EconomyBanking. Year-on-year (YoY), the figure fell by 14 percent to 268 million in H1 2020 compared to H1 2019. Asset... euros are expected to be signed in the second half of this year. P&L Net interest income (ΝΙΙ) fell... rose by 900 million, while international deposits remained flat QoQ at 1.5 billion. On an annual basis
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Opposition questions true scale of PM's handouts, as speculation grows about snap polls
PoliticsGreek Politicsinevitably revived speculation about snap elections, which was only fanned by Mitsotakis’s flat denial... to exhaust its four-year mandate and is planning with a ten-year horizon, adding that New Democracy... the government to run a deficit for one more year before the anticipated return to tighter targets
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First-wave champion Greece stumbles at vaccine roll-out
Agorawere introduced at the start of the year. Greece, however, has not been able to control the impact... that of Sweden, which famously did not impose a lockdown (Greece spent the first four months of the year under... the Greek state. Tourism boost One of the unexpected developments of the past year has been the surprise
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Central gov't primary cash surplus reaches 1.37 billion in first half of year
EconomyMacroeconomypercent, or 6.8 billion euros, to 1.82 billion from 8.72 billion last year, according to the Bank... a surplus of 1.37 billion from deficit of 4.77 billion last year. The BoG calculates the central... of the year increased by 8.1 percent to 21.91 billion euros. Excluding the revenues related
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IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016
EconomyGreece is expected to experience a significant recession this year and a milder one next year, while unemployment may edge up this year, according to the latest report on the Greek economy published... of confidence and bank stability. IOBE projects a recession of 2 – 2.5 percent this year. A milder GDP
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Credit contraction stays stable at 2 pct in June, net additions for first time this year
EconomyMacroeconomyfrom the previous months, still continue in the household sector. Since the beginning of the year, net... to 95.71 billion in June. Following the notable additions in June, the year to date lending flow turned positive with cumulative net additions of 554 million in the first half of the year. Loans to sole
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Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
EconomyMacroeconomythis year and next. A more detailed macro and fiscal outlook will be available after the completion... notes. The Fiscal Council concludes that this year’s fiscal target will be met, while achieving next year’s target is feasible under conditions. The panel of experts highlights that this year’s revenue
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Retail sales drop by 0.3 pct in August, first negative reading for the year
EconomyMacroeconomyGreece’s retail sales fell by 0.3 percent year-on-year in August after revised growth of 1.8... for the month is the first negative reading this year. The corresponding volume grew slightly by 0.1 percent... May. The largest year-on-year retail-sales rises were in the automotive fuel sector, which grew
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Bumper year for business launches in 2019, according to registry
EconomyFeaturesdelisted. This equals an increase of 85.8 percent year-on-year in the balance for 2019 versus 2018... that delisted from GEMI fell by 17.7 percent during the same period. Year-on-year company registrations... negative for each year except for 2016, when a 26.4 percent increase was noted. The largest drop
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FinMin sees favourable macro environment from next year, boosted by RRF
EconomyMacroeconomysustainable high growth rates in excess of 3 pct, starting from this year. The second goal is to complete... profits twice a year. The government wants to exit this oversight framework within 2022. Bringing bad loans in the banking system to single digits next year is the other objective, which is in line
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