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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingguarantee (pillar II) expenses. Operating expenses fell 1 percent QoQ to 247.3 million in Q3, while... total costs to stand below 1 billion for the whole year, from 750 million in the 9-month period. Over... for a gradual and progressive drop in the cost of risk to 1 percent in 2019. Eurosystem funding
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Newsletter 97 - 25/11/2016
percent to reach 2.23 billion, while the travel surplus edged up 1 percent to 2.04 billion. The rise... 16 million. The bank recorded a negative NPE formation for the second successive quarter, of 1... (NPL) and NPE stock by almost 40 and 50 percent, respectively. Net interest income (NII) edged up by 1
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Newsletter 99 - 09/12/2016
of the last bailout tranche of 2.8 billion, mitigated by a decline in repos by 1 billion. The 2016... roughly 1 million Greeks in what was labelled a “social dividend”. Tsipras’s surprise pledge... fell at an accelerating pace of 1 percent from 0.6 percent in October, mainly due to a decrease
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Athens grapples with awkward reduction of tax-free threshold
EconomyProgrammelegislated last May an income tax reform yielding 1 percent of GDP by 2018. This included an increase... of 7,723 euros), Greece could achieve 1 billion euros in savings that could sustainably finance... euros. The incremental revenues are seen at 1.8-2 billion euros (around 1 percent of GDP
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Newsletter 114 - 07/04/2017
involves Athens adopting 1 percent of GDP (roughly 1.8 billion euros) in new measures in 2019 and another 1 percent of GDP in 2020. The first set will be mostly made up of cuts to pension spending.... Manufacturing PMI dropped by 1 point to 46.7 in March, almost offsetting the increase of 1.1
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Newsletter 117 - 05/05/2017
and pensions (68 million) and halving the heating oil allowance. The pension savings of 1 percent of GDP... cuts of up to 18 percent, while the tax reform – which is expected to yield 1 percent of GDP... increase in 2019 and tax relief in 2020, each worth 1 percent of GDP. The targeted social expenses
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IMF sets out why it stands apart from eurozone on long-term growth prospects
EconomyProgrammefor growth, which the IMF does not see exceeding 1 percent over the next half-century even if structural..., which implies an annual reduction of Greece’s labour force just short of 1 percent (0.9 percent) each... the -0.5 starting point and achieve even the modest 1 percent growth that the IMF estimates
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China's Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agoraplayers with different, at times conflicting agendas. The 16+1 cooperation format enables countries... would undoubtedly benefit more if they are operated on the basis of two-way traffic. [1] Countries... project is first and foremost about trade expansion. The existing 16+1 format focuses on the willingness
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CPI grows by 0.7 pct in October, positive for 10 successive months
EconomyMacroeconomythe 1 percent rise of September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday... index of consumer prices (HICP) eased to a rise of 0.5 percent in October compared to a 1 percent rise... rose by 0.1 percent in October, driven mostly by rises in the price of clothing and footwear (+1
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Newsletter 139 -10/11/2017
. The Consumer Price Index (CPI) rose by 0.7 percent in October, posting a slight decline from the 1... index of consumer prices (HICP) eased to a rise of 0.5 percent in October compared to a 1 percent... of clothing and footwear (+1 percent), transport (+1 percent) and health (+0.6 percent). Industrial
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