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Newsletter 330 - 04/03/2022
conflict One week into the conflict in Ukraine, government officials have been trying to piece... will have to step in and support households and businesses. Already the authorities committed one more... billion euros in 2022. However, already more than one billion is committed in the first quarter
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingand the NPE clean-up in the form of loan securitisations and sales. Excluding one-off items, the pre...) in 2021 was 1.59 billion euros, nearly doubling from the 809 million euros of 2020. Excluding one-off.... Impairment charges came to 4.3 billion euros, compared with 1.32 billion euros in 2020. One-off items
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Implementation snags hang over ambitious post-Covid recovery plans
PoliticsGreek Politicsa billion euros of spending on employment and roughly one billion euros of private investments... previously denied that there are any delays. Greece was one of the first EU member states to submit a plan... their cars less, while one in two agreed with fuel economy measures mooted in the media such as car-free
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PMI drops to lowest in more than a year at 53.8 pts, but manufacturing remains on solid ground
EconomyMacroeconomyGreece’s Manufacturing PMI dropped by one point in May to 53.8 points, according to S&P Global data released on Wednesday. May PMI is the lowest in more than one year, but still indicates solid..., with Greek firms recording one of the fastest price increases on record, due to pressures in input
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Early summer fire highlights precariousness of snap election option
PoliticsGreek PoliticsAlthough the cost-of-living crisis remains the number one concern for citizens and, therefore..., just 6 pct of respondents identified the climate as one of the three issues worrying them most... on the previous month, named inflation as one of their three biggest worries. This was followed by “national
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Industrial turnover grows 33.3 pct YoY in Apr, but manufacturing leads monthly drop
EconomyMacroeconomy(ELSTAT) on Monday. After more than one year of contraction, the index posted growth of 18.2 percent... by one point in May to 53.8 points, according to S&P Global data released on Wednesday. May PMI is the lowest in more than one year, but still indicates solid operating conditions in the Greek
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Turkey and Western Balkans top Greek agenda at European Council
PoliticsForeign Policygone too far, especially when no one wants to see new hotbeds of tensions and destabilization... Commission’s recommendation for Ukraine’s EU candidacy status. Greece is one of the EU member states... were briefly buoyed on Wednesday, when one of the opposition leaders in Bulgaria signaled support
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PBO urges continued fiscal discipline amid growing instability
Economyin place. It also notes that the first quarter was only affected by one month of conflict in Ukraine... on the agreed date of August 2022 and helped Greece secure one more rating upgrade, to within one notch
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Fitch leaves rating and outlook unchanged, underlines fiscal performance key to higher grade
EconomyFitch affirmed on Friday Greece’s ‘BB’ credit rating and kept the outlook positive, remaining one notch behind S&P and two notches from investment grade. It is also one notch ahead of Moody’s, which... path of the debt-to-GDP ratio thanks to primary surplus and robust growth will be one of the key
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Early details show energy emergency plan facing practical challenges
PoliticsGreek Politicsthat Greece faces one of the lowest risks in Europe in terms of security of supply, while Alternate Finance... of these measures poses significant challenges, according to industry sources. Greece is one of a handful... one mine that was in the process of decommissioning as well as opening new mines, at an estimated
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