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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomysingle digit shares of total arrears: Local governments’ arrears dropped by 153 million YoY to 275.... This change stems from a net decrease in long-terms bonds by 9.7 billion and in T-Bills by 442 million more than offset by a net increase of 8.6 and 4.2 billion in short- and long-term loans respectively
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammekey pre-election campaigns was the abolition of the single property tax (ENFIA), which had notional... with a net cost of 2 billion euros. As later clarified by senior SYRIZA officials, the net cost
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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingNational Bank (NBG) posted net losses of 159 million euros in the first quarter (Q1) of 2015 from... by 3 and 4 percent respectively. Net interest income (NII) fell 5 percent QoQ, largely stemming from... percent over the past five quarters, mainly benefiting from the single-digit ratio in Turkey
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Greek stocks down 15.2 in first week of trading after market closure
Economyafter a comprehensive assessment by the European Central Bank's Single Supervisory Mechanism (SSM... of 0.11 euros per share on Friday with its yield at 2.5 percent. Mytilineos posted on Wednesday Q2 net... Telecom Organisation (OTE) posted a net Q2 loss of 3.6 million compared to profits of 69.3 million
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Newsletter 41 - 04/09/2015
of SMP and ANFA income of 1.46 billion, the non-payment of the first instalment of the single property... 30,000 euros. The increased amount (in the form of withholding tax) would accordingly decrease the net amount of salaries and pensions. In addition, since August pensioners have seen their net pension slip
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Greek stocks down 5.1 pct over week as investors remain cautious
Economyuncertainty over their recapitalization. The stocks that remained resilient posting low single digit... a trading update for the second quarter (Q2) on Monday showing net interest income rose 1.4 percent... percent to 136.4 million and EBITDA rising by 6.2 percent to 47 million. However, net profits dropped
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Strong start for Greek stocks but they end week down 3.4 pct
Economysubmitted to the Single Supervisory Mechanism (SSM) of the ECB, while SSM response is reportedly due... EBIDTA also fell by 5.7 percent to 350 million. However, net profits rose by 13.3 percent to 78.3... percent to almost 60 million. Nevertheless, net profits sharply dropped by 56.6 percent to 12
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NBG boosts capital base by selling total stake in Finansbank
EconomyBankingto the relevant approval by the Single Supervisory Mechanism (SSM). CoCos bear an annual coupon of 8 percent...-provision income (PPI). In addition, the group’s net loans are set to decrease by 17.5 billion euros... but third (from first) in terms of net loans. Note also that NBG’s ELA cash liquidity buffer improves
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Newsletter 61 - 05/02/2016
-employed, which would rise to 38.5 percent of their net income from a fixed amount (not linked to income... the single largest gateway to other destinations further north in 2015, in particular towards Germany... integration process. If the existing fault lines between net contributors and recipients, northern
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingPiraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring.... Net interest income (NII) remained stable QoQ at 463 million, while fell by 4 percent to 1.88... indicating that Piraeus (as well as Attica Bank) is under scrutiny by the ECB’s Single Supervisory
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