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Eurobank profitability rises in 9M, Mexico securitisation takes NPE ratio to 7.3 pct
EconomyBankingEurobank posted a net income of 216 million euros in the first nine months (9M) of the year, compared to a loss of 1.08 billion euros in the same period last year. In the third quarter (Q3), net profit was 26.1 million, after 120 million euros in the se...
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MEP Androulakis takes first round in KINAL leadership vote after notable turnout
PoliticsGreek PoliticsSocial democratic MEP Nikos Androulakis and former prime minister George Papandreou will contest the leadership of KINAL in a run-off ballot next Sunday after an impressive turnout in the first round of voting to elect a new head for the centre-left par...
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Greece takes next steps, including bond swap, to enhance debt profile over coming years
EconomyMacroeconomyThis week started with two developments that intend to further smooth out Greece’s debt obligations in the coming years. The Greek authorities have for some time been trying to convince the institutions that the balance of Greece’s obligations to the IM...
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MEP takes comfortable lead over former PM in advance of KINAL leadership run-off
PoliticsGreek PoliticsNikos Androulakis, a moderate MEP from Crete with no prior experience in national government, is emerging as the clear favourite to win the second round of voting for the leadership of third party Movement for Change (KINAL). Androulakis, who won the fi...
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Seasonal deposit rise of 4.29 bln in Dec takes total 2021 increase near to 18 bln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system rose significantly by 4.29 billion euros, following a rise of 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Friday. The annual growth in December mar...
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Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance
EconomyProgrammeGreece has one more step to take before it completes its post-programme surveillance after the institutions published the report that accompanies the latest review, the thirteenth since the summer of 2018 when Greece agreed to a number of commitments th...
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Media freedom concerns continue to bedevil Mitsotakis govt as EC takes note
PoliticsGreek PoliticsPressure is piling on the Greek government to respond to the findings of recent reports which highlight a deterioration in conditions for the domestic media. Under increasing scrutiny by the European Commission, the Mitsotakis administration is now prom...
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July trade deficit of 3 bln takes total to 20.67 bln, up by 65.6 pct YoY
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed down in July, but still increased by a sizable 33.3 percent year-on-year, according to data released by ELSTAT on Wednesday. This came after a 42.7 percent jump in June. The deficit came to virtually 3 billion e...
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Trade deficit of 2.9 bln in Aug takes aggregate to 23.66 bln, up by 60 pct YoY
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed further in August, but increased by a sizable 29.9 percent year-on-year, according to data released by ELSTAT on Friday. This came after a 33.3 percent jump in July. The deficit came to 2.9 billion euros for Aug...
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Higher VAT and income tax takes, with limited spending help budget beat targets in Mar
EconomyMacroeconomyThe budget primary balance in March was confirmed to be a surplus of 3.08 billion euros, compared to a deficit of 1.65 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. In t...
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