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Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Economythe two previous successful issues earlier in the year, with 5- and 10-year maturities, the PDMA surpassed its initial target of 7 billion euros, with the total this year reaching 7.5 billion. Greece... syndications in one year, showing the normalisation of access to international capital markets. The new
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Deposits rise by 1.77 bln in June
EconomyMacroeconomyJanuary and February of this year. The outstanding balance of private sector deposits increased... billion and sight deposits of 32.76 billion. In June last year, net deposit movement was positive... continuous month with a positive balance of 2.75 billion euros in the first half of the year
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Bid for better use of digital tools likely to have decisive impact on ND's goals
PoliticsGreek Politicsand for information to be added over the government’s four-year term. In an interview with the AMNA... and running by the end of the year. Although calls can be accepted, the service does not yet have... system had been functioning last year, many of the deaths in the Mati wildfire would have been
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Study outlines economic potential of targeting senior and health tourism
Societyat least once a year. However, this group of the population also travels more. “As tourists, they have.... Through the sale or rental of 20,000 homes a year, and an average occupancy of 6 months a year in the country, the impact on GDP will be over 5 billion euros a year, creating around 60,000 new jobs
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Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Economythe start of the year has pushed down the entire short-term part of the Greek yield curve. Early in 2019... over the year to date showing continuous signs of lower borrowing costs. The yield essentially... in the latest auction held in the middle of June this year. June’s issue was covered more than two
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Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
Economy. Fitch upgraded Greece in August last year. Its rating is one notch ahead of the other two leading.... As of the end of last year, Greece had close to 27 billion euros in cash reserves that have not been drawn... was fully repaid by February this year. Additionally, Piraeus and National Bank of Greece (NGB) managed
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Despite recent improvement, more than half of Greeks unable to afford one-week holiday
Societyeuros, which reflect a year-on-year increase of 10.4 percent and 19.9 percent, respectively. By age... by land rose by 6.1 percent year-on-year. The data showed that trips for leisure and recreation made
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Trade deficit falls by 22.9 pct in June as imports drop sharply
EconomyMacroeconomy, recording a drop of 9 percent compared to the same month last year. A breakdown of the figures... figure for the first six months of the year showed that the trade deficit increased by 8.8 percent... in imports. Exports during the period increased by 2.2 percent. In the first half of the year, the absolute
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingguarantees, which had been solved by using the three-year Credit Default Swaps for Greece as a guide... are to be submitted by September 9 and the bank aims to close the deal by the end of the year. Alpha Bank's... percent of senior notes. The bank aims to reduce NPEs in Greece by 5.4 billion euros this year
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Increase in car sales slows markedly in July
EconomyMacroeconomyof year-on-year rises, after a decline of 9.5 percent noted in March. Car sales for the month came to 17,735 vehicles compared to 17,685 in July last year. Out of the total, passenger car sales rose... by 7.6 percent. For the same period last year, the increase was 27.2 percent. Between January and July
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