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Second post-MoU review set to begin as Athens eyes return to bond markets
EconomyProgrammewill agree to release at least 600 million euros in profits from Greek bonds (ANFA and SMP) held... extended until February 28 and Greek government sources seem confident that a new framework... on tapping the markets since exiting the third programme in August but conditions have not been
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FDI, rather than tax cuts, holds key to stronger growth rates - study
EconomyFeaturesdefined five criteria: The extent of backward linkages to other Greek industries The size... recommended that attracting FDI to these industries would increase Greek exports, increase output... in investment in other industries thanks to improved financing conditions. By 2025 the combined direct
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KINAL vies for space, plays hard-to-get ahead of elections
PoliticsGreek PoliticsCentre-left Movement for Change (KINAL) has staked its claim for a say in the future of Greek... congress over the weekend was designed to rally Greek social democrats behind KINAL ahead of May’s... is to vote for the conservatives. The KINAL leader also set out the conditions under which her party
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PMI rises to 56.6 in April, marking 19-year high
EconomyMacroeconomyto the latest data from Markit PMI. Greek manufacturers signalled one of their strongest periods... at the highest rate seen since last September. Markit analysts commented that Greek manufacturing sector... and strong demand conditions. Subsequently, output expectations towards the year ahead were at the highest
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingis the lowest among the bank’s Greek peers. The bank is targeting an NPE reduction of 13.3 billion euros... representing only ECB liquidity. YoY, Eurosystem funding has fallen by 12.5 billion. Greek deposits... of June 2019. He added that although conditions remained challenging, the bank was committed to bringing
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Athens boosted by Lagarde's comments on primary surplus, but no move due for now
PoliticsGreek Politicsis in our (IMF) view… is excessive and is putting undue pressure on the recovery of the Greek economy... the presidency of the ECB on November 1 and at a time that the new Greek government has been sounding... the necessary conditions to achieve this goal,” added the New Democracy politician. Softly-softly
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Constitutional changes and Tsipras's leadership under scrutiny
PoliticsGreek Politicsa fine balance between all the parties to allow Greek living abroad to vote from their places of residence in future national elections, under certain conditions. Although SYRIZA initially resisted... which sets certain time limits and other restrictions on who can vote in Greek general elections
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking. Greek deposits increased by around 2.4 billion and by 4.8 billion for the group. This took... for our clients as the Greek economy picks up and both households and businesses adapt to a post-crisis... added that as the economic conditions and consumer confidence improved, the bank would begin to focus
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politicssees the election winner gain an extra 50 seats in Greek Parliament, the new scheme is expected... Greek Solution (10 MPs). Given that New Democracy has 158 seats, this would leave Mitsotakis 10 MPs... rate. However, this is also subject to taxpayers fulfilling the conditions of the new regime regarding
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economywith EU creditors. Although the agency’s outlook on the long-term trend for Greek GDP remains.... That said, Greek banks have a very high starting NPE ratio point of 42.1 percent and their efforts... rating action if a certain set of conditions were sustained, related to the stock of debt, risks
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