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Pressing economic tasks mounting up for next Greek government
EconomyProgrammeof the four systemic banks have submitted requests to the central Bank of Greece (BoG) for access to Emergency Liquidity Assistance (ELA) funding. The BoG in turn requested approval from the ECB..., the ECB reportedly approved BoG request for two weeks, a decision it will review at the next
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomy, according to the Bank of Greece (BoG). This mainly reflects a widening of the current transfers... terms still lag exports by 18 billion. BoG noted that the increased trade deficit also reflects higher..., which fell by 9.1 percent in the 11-month period. BoG is due to publish the full year figures
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price... to be published twice per year and have 2010 as the base year. BoG said that price indices are valuation... to the BoG is possibly associated with: a) More intense efforts of tenants to renegotiate active
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Greek banks' Eurosystem funding jumps to 87.4 bln in Jan, ELA at 5.2 bln
EconomyMacroeconomy(BoG) monthly financial statement published today. Note that January financial statement was published with a delay due to the Annual General Meeting of BoG held at the end of February. The next... Greek banks (Alpha, Eurobank and Piraeus) submitted requests to BoG for resorting to the ELA mechanism
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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomytimes higher than the previous year, according to the Bank of Greece (BoG). The negative movement... million YoY. As of January 2015, BoG publishes data in line with the BPM6 (Balance of Payments Manual 6th... adopted by the European Central Bank and Eurostat since the end of 2014. According to BoG, the changes
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This is where Greek gov't could find cash to cover May's obligations
EconomyProgrammeto a special account with the Bank of Greece (BoG), covered the foreign investor take up. Alternate... for the compulsory transfer of gg entities’ cash reserves to a special account at the BoG. Through..., according to BoG data. Of this amount, 6.6 billion relates to the central government, 2.23 billion
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyfrom 2.93 billion in March to reach a total of 112.84 billion, according to the Bank of Greece's (BoG... reflects a similar amount of deposit outflows, stemming from both the private and the public sector. BoG... from commercial banks to a cash management account at BoG to facilitate the coverage of the state’s
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomy1.15 billion last year, according to the Bank of Greece (BoG). The improvement in the C/A balance... by 6.9 percent to 5.83 billion. BoG noted that the improvement in the goods’ balance reflects lower net... by 14.4 percent fully attributed to soaring non-residents’ arrivals (+ 39.1 percent). BoG is due
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomymillion last year, according to the Bank of Greece (BoG). This is the first positive reading since... stood at 2.75 billion and exports at 1.77 billion. BoG noted that the reduced goods deficit was due... 11.8 percent YoY. According to BoG, lower net payments for purchases of ships and lower net oil
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This is the government's strategy on banks and NPLs as part of third bailout
Economyof Greece (BoG) will evaluate the capital needs of the remaining banks (Attica Bank and cooperative... of an external advisor. That said, BoG will submit by the end of October a report... vulnerable households. In addition, BoG in cooperation with the Hellenic Financial Stability Fund
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