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MPs gear up for action as To Potami calls it a day and PASOK wobbles
PoliticsGreek Politicsof the Greek President by MPs and snap general elections. New Democracy has proposed for MPs to hold up... that this will concern taxpayers who owe up to 10 euros to the state. Opinion poll New Democracy goes into this crucial... of support drop by almost 1 point since October. KINAL follows in third on 6.2 percent, then KKE
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General govt primary cash surplus at 1.44 bln in February, arrears up by 133 mln
EconomyMacroeconomywas a drop of 360 million in transfers, which came to 786 million euros. The next biggest decline...). At 29.1 percent of the total, tax refunds make up the majority of arrears during the month... in bonds, which came to 58.10 billion euros in February and made up 16.3 percent of the total. EFSF/ESM
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PMI edges up to 49.4 points in August, employment rises
EconomyMacroeconomysofter contractions in output and new orders, as well as a return to growth of employment amid a pick-up... overall. The rate of input price inflation picked up to a seven-month high. Input buying fell again... manufacturing sector was showing some signs of recovery after the sharp drop earlier in the year. The increase
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Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct
EconomyFeaturesThe tourism industry helped Greece generate almost up to a third of its GDP last year, according... visited Greece in 2019 generating revenues of 17.8 billion. Visitor numbers were up by 4.1 percent... tourism will come to 3.5 billion euros or just 2.5 percent of GDP. This represents a drop in tourism
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingrelated to Covid and the NPE clean-up from loan securitisations. The Q2 2021 pre-tax losses were... up impairments, against 829 million of impairments in Q1. Year-on-year, the net loss of 2.45 billion... Sunrise transformation plan, with the drop in NPEs coming from the Phoenix and Vega securitisations
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Industrial production up 8.8 pct in June, continues annual recovery from 2020 lows
EconomyMacroeconomyand a 6.8 percent rise in manufacturing. The mining and quarrying index was also up by 9 percent. During... and quarrying. Manufacturing is up by 8.5 percent. According to the latest business surveys for June of the European Commission, Industry confidence improved by 4.4 points in July to 7.4, from a drop by 4.1
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Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
EconomyBankingefforts to clean up its balance sheet and complete its business transformation. Core pre-provision... in September, a drop from 43.53 billion in Q2, and 49.13 billion euros in the end of last year. The trend... stood at 16.5 percent after the share capital increase, up from 15.5 percent in Q2.
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Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBankinga very busy 2021 in terms of the balance sheet clean-up - which consisted of the Project Galaxy... and commission income increased by 30 percent in Q1, to 108 million euros. Trading income was also up to 103... The Group’s net loans amounted to 37.8 billion euros in Q1 2022, a drop from 39.4 billion in Q1 last year
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Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
EconomyMacroeconomy-on-month (MoM), the index recorded a rise of 2.4 percent in May, after a drop of 9.1 percent MoM in April.... The monthly movement was led by electricity supply, up by 6.2 percent, while manufacturing was up
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NBG reports 652 mln profit in 9M, core PPI up 14 pct
EconomyBankingoperations in 9M 2022, compared to a profit of 732 million euros in the same quarter of 2021, a drop..., was up by 8 percent to 1.21 billion euros. Operating expenses in 9M 2022 were stable at 583 million euros, up by 2 percent YoY. Balance Sheet Group deposits amounted to 55.68 billion euros in 9M
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