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Current account deficit more than halves to 2.57 bln in 2019
EconomyMacroeconomybalance edged up YoY by 8.4 million, reaching 510.1 million euros in December. The travel balance showed... billion in 2018. Total exports edged up to 32.43 billion, up by 0.2 percent. Imports increased by 0.7.... The travel surplus rose to 15.42 billion, up by 11 percent. Travel receipts rose by 12.8 percent
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Losing game: Another doomed effort to revive Greek football?
Agoraearned by Greek clubs comes from TV rights. But the fare being served up is so poor the previous... and viewers, and often rely on the state to prop them up. It is no wonder fans are turning their backs... that the European governing body would draw up a roadmap for Greek football over the next three months
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingsales expected to take place up to the second quarter of the year. On the domestic front... deleveraging. Domestic loan disbursements were up 13 percent YoY to 3.3 billion in the year, largely driven..., aided by seasonality. During the year, net fee and commission income amounted to 242 million euros, up
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Govt looks for formula to re-start tourism as calls intensify for support of entertainment sector
PoliticsGreek Politics, the government is under pressure to come up with a support plan that will allow businesses to operate... be right for Greek tourism to begin to open up from July 1. Mitsotakis is being lobbied heavily by the tourism industry to come up with a plan to restart operations. In a letter to the prime minister
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EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
PoliticsGreek Politicsreached 177. Much of the focus is on the efforts to get the tourism sector up and running in the hope... available will more than make up for the damage the pandemic has inflicted on the Greek economy... euros, would not only allow New Democracy to make up for the decline in economic activity this year
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ND braces for deeper economic impact from Covid-19, mulls more assistance
PoliticsGreek Politicssectors and some areas of Greece have already started to see a pick-up in activity. He admitted, though... obligations to the two state guarantee schemes for loans to companies with 1.3 billion for TEPIX II and up... businesses that employ up to 50 people but also larger firms – ones that have up to 250 workers
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Newsletter 258 -07/17/2020
this week, although it also spent much of the week trying to tighten restrictions and stepping up readiness... to restrictions as the government amped up measures at borders. Opening Greece’s borders to welcome tourists... of visitors appears to be so low that the government is not going to be able to avoid coming up
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Central government debt increases by 1.04 bln to 362.87 bln in Q2
EconomyMacroeconomyof the year showed that T-bills made up 53.8 percent of all government borrowing, followed by fixed bonds (45.4 percent). European Investment Bank (EIB) loans made up 0.8 percent. The majority of FSM..., representing 17 percent of the debt. T-Bills came to 12.80 billion and made up 3.5 percent
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingthat no auctions had taken place in Q2 due to the pandemic. Up to the first half of 2020, 412 property... in the beginning of Q4 2020. P&L NII came to 390.7 million, up by 2.5 percent QoQ or 9.5 million, positively... million, up by 10.1 percent YoY. This is mostly attributed to a higher contribution from cards, asset
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ICU shortages provide opposition with fodder in political battle over Covid-19 strategy
PoliticsGreek PoliticsThe opposition parties are ramping up the pressure on the government over the public health system.... The opposition also claimed that just 9 of the 50 ICU beds gifted by Parliament are up and running due... health system are being paid. The centre-left party followed this up by asking the government to present
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