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Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years
EconomyMacroeconomy, up from 2.94 percent a year ago. This pushed the spread up to the highest level in nearly 20 years
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Trade deficit drops by 20 pct in 2023 despite contraction of exports
EconomyMacroeconomyfor the full year 2023 showed that the trade deficit decreased by 20 percent, bringing the total
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Travel balance rises to 1.79 bln in in first four months as arrivals increase by 20 pct
EconomyMacroeconomy, arrivals rose by 20 percent to 3.9 million in the first four months. This compares with 3.25 million
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Central government debt down to 356.55 bln in Q2, average maturity tops 20 yrs
EconomyMacroeconomyshowed that long-term (over 5 years) debt made up 76.6 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 13.4 and 10 percent of the total figure
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicspackage will support the real economy. Its research arm recently estimated that 1 in 7 firms could... applications since May 20, taking the total for both rounds to more than 7 billion euros so far. Also... is also set to re-open primary and nursery schools from June 1, although there will be restrictions
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingin operating income on higher trading losses and a 7 percent rise in operating expenses. Net interest income (NII) grew 5 percent QoQ to 821 million with Greek NII posting a higher improvement (+7... fell by more than 30 bps QoQ. Operating expenses rose 7 percent QoQ, while the full year figure
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingpercent and employees by 7 percent year-on-year. Impairment losses rose by 20 percent QoQ to 312... profit of 7 million euros seen in Q2. This carried over into a bottom-line result representing a loss... (PPI) improved by 1 percent quarter-on-quarter (QoQ) to 294 million in Q2, mostly due to other
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Greece positions itself as a pillar of European and NATO security
PoliticsForeign Policyof the European debate lies Article 42(7) of the Treaty on European Union (the mutual defence clause), which... facto, if not de jure activation of Article 42(7), the mutual assistance clause of the EU.” But even....” In a post on X, Whitaker hailed Greece as a “steadfast NATO ally,” offering “premier naval facilities
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Building activity posts first rise in 20 months but overall picture grim
EconomyMacroeconomyGreek building activity (as measured by the number of building permits) rose by 4.1 percent year-on-year (yoy) in October for the first time since February 2012, according to the Hellenic Statistical Authority (ELSTAT). The respective surface area number recorded a modest 1 percent increase, while
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EU elections in Greece: Applying a different scale of values
Agora, with SYRIZA’s defeat marking the end of its stint in power (to be confirmed in the July 7 national elections... or obsessions. His challenge, should the centre-right party win the national elections on July 7... from 29 to 20 percent, bringing down dividend tax from 15 to 5 percent, decreasing property tax by 30
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