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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankingbillion euros in July 2015, the bank said it has reduced ELA funding by almost two-thirds... government representation in its Board of Directors has been ceased. Eurobank At the end of last... that following the evaluation of binding offers, it has selected a consortium comprised of Tourism
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Study highlights overregulation and bad law-making in recent years
SocietyIn the last 15 years, Greece has passed 36 tax laws, as well as 108 temporary provisions and 238... of all governments, has three main causes, according to the study. The first relates to the political.... This trend is especially pronounced in periods of political polarisation. The second cause has to do
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Economic sentiment rises to 92.5 pts in Aug, consumer confidence edges down for second straight month
EconomyMacroeconomy2015. During this year, ESI has edged up by 4.9 points. Consumer confidence moved in the opposite... recorded in July, and landed at -70.1. Since the beginning of the year, consumer confidence has... rebounded by 3.1 points to -52.5 in August. However, it has still experienced a decline of 3.4 points
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Greece not seen meeting milestones soon, refugee rise may add to tension
PoliticsForeign Policypercent stake in the electricity grid operator ADMIE to a strategic investor) has been completed... not uphold the EU-Turkey agreement on refugees if Brussels has not secure visa-free travel for Turks.... We expect visa liberalisation for Turkish citizens at the latest in October 2016.” Athens has been
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking. The related cost has already been booked. Impairment losses dropped 8 percent QoQ to 265 million in Q2.... Since Q3 2015, the bank has reduced its NPLs by 1.6 billion. The bank noted that 51.2 percent..., while has been trimmed by 1 billion since Q3 2015, of which 0.7 billion stems from corporate
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TV permit auction drags on as coalition tries to draw line under ELSTAT controversy
PoliticsGreek Politics. As the process has dragged on, so the controversy has grown, with current broadcasters having running... to ransom. This poisonous atmosphere will not disappear once the auction has been completed. Many... to a period when SYRIZA was in opposition and that the latest case has been triggered by a Supreme
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The great turn-off: Greece's TV permits auction
Agorashame that the process has been undermined in this way. The nebulousness surrounding Greek... to Greece, trust in TV stands at 67 percent, which is a real indictment of how badly the Greek media has... at the moment. The failure to address these chronic failings over the years has also weakened the opposition
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Greek SMEs continue to have bleak view of their future
Societyin 2016, a study by the country’s small and medium-business association has claimed. In its latest six... suggest the Greek economy has entered a period of stabilisation (a reduction in unemployment... package of recessionary measures … has intensified the abnormal heartbeat of the Greek economy
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Government caught between milestones and corruption claims
PoliticsGreek PoliticsA crucial and action-packed week begins for the government, which has been battered by controversy... Tsipras has expressed the hope that the review will be finished by the end of October. This seems... that has emerged over the last few weeks is the danger that his government is getting sucked
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TV permit tender triggers turmoil in Greek judiciary, questions about gov't role
PoliticsGreek Politicsof judges has been called for October 13 to discuss the latest developments, which appear damaging for the government as they add to the impression that it has unduly influenced the licencing procedure in order to shape the result. That is certainly the main impression that the Greek public has been left
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