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Retail turnover increases by 4.3 pct in August, volume rises 3.2 pct
EconomyMacroeconomyhas remained positive for six straight months so far. Apart from the negative reading in February, the index has remained positive throughout this year. The corresponding volume index also grew by 3.2 percent from downward revised growth of 2.3 percent in July. As with the sales index, February has
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APS option to help banks with bad loans seen gaining ground
EconomyBankingimmense pressure over the last month, during which time the index has dropped by close to 12 percent..., which has seen its share price plummet by 65 percent over the last six months. Over the same period, Alpha Banks has lost 42 percent of value, National Bank of Greece share price is down by 55 percent
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Mitsotakis responds to Tsipras challenge with proposals for broad changes to constitution
PoliticsGreek Politicsthe impression that he has the country’s long-term interests at heart and that his suggestions are aimed at improving Greece’s foundations. PASOK PASOK has yet to come forward with its proposals... if there is no clear winner at the ballot box. So far, KINAL leader Fofi Gennimata has not given
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Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Economybackpay for income lost due to the pension cuts in 2012 has put the spotlight back on a decision... in 2012 as unconstitutional. This, in turn, has placed the focus on the potential fiscal implications of this decision for the pension system. The issue has surfaced at an unwelcome moment
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Athens and lenders search for budget compromise by Thursday's EWG
EconomyProgrammethe Eurogroup’s approval for Greece’s plans, but also because any change to what has been agreed... Expo in September. Over the past few days, it has emerged that the institutions believe Greece... pensions, while also not sacrificing any of the measures promised by the prime minister. This has led
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Coalition optimistic about pension cuts deal as it readies reduction to contributions
PoliticsGreek Politicsthe Prime Minister’s Office, which accused Ta Nea of publishing fake news. Ta Nea has been a fierce... Marinakis, has soured amid a number of serious court cases involving the businessman, who also owns... has moved out of the MoU era and is able to use the greater freedom available to shape its economic
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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesPWC Greece has released an overview of the Greek tourism industry which analyses the industry’s... that demand for Greek tourism has grown steadily since 2012, but remains concentrated across the summer... spend has remained constant, which could be attributed to stays in Airbnb properties since spending
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A European intelligence school led by Greece and Cyprus?
Agoracountries, on air, land and sea. It has been signed by all EU states except Denmark, Malta... nuance has been added to these statements since then, the fundamental idea is that of a more coordinated... training center” will be overseen by Greece and Cyprus has led to sceptical, if not amused, reactions
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Retail turnover increases by 4.9 pct in September, volume rises 3.3 pct
EconomyMacroeconomyhas remained positive for seven straight months so far. Apart from the negative reading in February, the index has remained positive throughout this year. The corresponding volume index also grew... has been the only month this year that the volume index fell into negative territory. Compared
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingin which NPE formation has declined. The bank reported that across the last 12 months, NPE reduction has... was 153 bps over net loans versus 151 bps in Q2. The bank notes that it has around 23 billion in real... in new loan generation has been budgeted for 2018, and the bank reported that it was on track
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