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Greece's C/A deficit for March drops sharply to 44.4 mln
EconomyMacroeconomyin non-resident’s arrivals. The year-to-date (YtD) C/A deficit narrowed by 53.2 percent or by 1.19.... Non-resident’s direct investment in Greece rebounded in March posting a net inflow of 233 million... of the parent company Crystal Almond in Wind Hellas’s capital increase. As a result, the YtD direct
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBankingincome (NII), the group figure fell 3 percent YoY and QoQ to 751 million, dragged by Finansbank’s weaker...) improved by 6 bps to 2.66 percent. In contrast, Finansbank’s NIM headed south for the third... approved by the Bank of Greece, the bank’s pro-forma Core Tier I ratio stood at 17.7 percent. The bank
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeThe IMF released on Tuesday its drawn-out report on Greece’s fifth review and expressed concern... contingent relief measures from Greece’s European partners. The projected rapid decline assumes... path, it is essential that Greece’s European partners reaffirm their commitments to the agreed debt
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HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
EconomyBankingimportant financial information related to the Fund’s activities throughout last year. The HFSF equity... of warrants at 2.3 billion. HFSF’s CEO, Anastasia Sakellariou, stated that the potential recovery value... in the IMF debt sustainability analysis for Greece in March 2012. The Fund’s equity of 34.42 billion
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Long-term jobless rate of 71 pct poses new set of social challenges for Greece
SocietyThere was a time when Greece’s unemployment rate caught the media’s attention as it quadrupled from..., long-term unemployment has morphed into the most devastating factor in Greece’s labour market... face a serious skills mismatch that will impede the recovery and the country’s growth potential
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Greek coalition overcomes concerns about "small PPC"
PoliticsGreek PoliticsGreece’s new cabinet seems to have emerged unscathed from the first test of its cohesion, which... contentious bill was delayed until Parliament’s summer sessions (when 100 rather than 300 MPs sit) had... to keep in line and media attention on political issues wanes. Germany’s EON and RWE, Italy’s Edison
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The tarnished legacy that will haunt the Athens Olympics
Agoraprojets” of the period obscured the finer, but crucial, detail. In a sense the Olympics mirrored Greece’s... on criminal, management. Just as Greece’s decision makers had not properly thought through.... The deficit for 2004 came in at 6.1 percent, more than double the eurozone limit, while Greece’s debt
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingNational Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year... on August 28. This year’s results include one-off items of 1.04 billion euros largely due... remained flat QoQ on sight net additions offset by lower state deposits. National’s loan to deposit
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MacroPolis is taking the next step
Agora, the country’s return to bond markets and Greek banks’ capital increases. We provided analysis on regular... European and local elections. We have traced the governing coalition’s challenges and SYRIZA’s growing influence, while also assessing the opposition party’s weaknesses. We have kept track
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S&P upgrades Greece one notch to B, sees growth in 2015
EconomyStandard and Poor’s (S&P) upgraded today Greece’s long-term rating by one notch to ‘B’ from ‘B.... This is the third rating upgrade for Greece in 2014 following that of Moody’s by two notches to ‘Caa1’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than
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