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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
EconomyMacroeconomyGreece’s industrial turnover turned positive in May, with a rise of 2.6 percent year-on-year (YoY), from a 9.2 percent decrease in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the first positive rea...
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Greece's 2014 fiscal gap suddenly appears bigger, much bigger
Economycomment, reports in the Greek media suggested that additional fiscal measures of between 2 and 3... promising there would be no new austerity measures in 2014, to find another 2 to 3 billion euros of savings... in the region of 6 billion, conditional to the progress of the privatization program. According to the latest
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After Q3 results, what next for Greek banks?
Agora– 18 percent) over the preceding 6 and 12 months. The returns on the investment made by those who... of September for the new production and are expected to settle below 3 percent along. Along... likely in two tranches) in its Turkish unit Finansbank that could boost its capital ratios by up to 3
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Greece exceeds expectations with first return to bond markets after four years
EconomyGreece reached around 90 percent, the ministry said. The principal amount of the 5-year bond stood at 3... expectations in early March for a coupon slightly below 6 percent and recent market rumours indicating a rate... is also considering issuing 12-month T-bills as well as 3- and 7-year bonds in the near future.
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyeuros (down by 19 bps to 6.49 percent). In addition, the consumer loan rate eased by 6 bps to 14.80... corporate lending rates contracted in May, they remain well above the euro area average rates, by 3... increased by 3 bps to 5.62 percent. As a result, the average spread on outstanding volumes saw
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Increase in number of services that saw their turnover decrease in Q2
EconomyMacroeconomy) and advertising and market research (down 8 percent). In contrast, 3 services posted a meaningful rise... evolution (QoQ) showed a different pattern with only 3 services falling QoQ. Office administrative...). On the flipside, 6 services rebounded strongly QoQ by a double-digit rate. The most significant positive QoQ
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomythan the 2.5 percent incorporated in the MTFS and slightly below the EAP target of 3 percent... plan neither an estimate of privatization proceeds. Bonds Following the issue of 3- and 5-year bonds... as well as T-Bills with duration higher than 6 months. The MoF also notes that the coverage of short
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National Bank posts 9-month profits of 1.18 bln
EconomyBankingreflect an improvement in the pre-provision income (PPI) by 6 percent to 413 million outpacing.... In the Greek market, deposits also grew by 2 percent QoQ reflecting an increase in customer deposits by 3... restructuring plan among Greek banks amounting to 3 billion euros, of which two thirds relates to (future
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyprevious estimates published on May 6. For 2015, OECD expects GDP to accelerate to 2.3 percent (from... high debt which remains a major challenge, 3) slow progress in bank balance sheet restructuring... as the gains of the large competitiveness gains may be underestimated and 3) faster progress
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingthe acquisition of 6 banks (ATEbank, the 3 Cypriot banks’ operations in Greece, Geniki Bank... corresponds to obligations to more than one banks, while are also past due for more than 3 years. The same
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