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Privatisation agency chief identifies key targets for coming months
Economyembodied by HRADF tenders promotes growth, increases competition, creates jobs and restores the country’s... their strategic locations and the role they could play in boosting GReece’s profile as a gateway for transport... Hellenic Petroleum’s (HELPE) privatisation, with the latter holding a 35 percent stake in DEPA
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New Democracy starts rolling out its first three bills
PoliticsGreek Politics) procedure and will be responsible for handling each ministry’s finances and staff. The positions... into legislation the monitoring system, known as “Mazi,” that the Prime Minister’s Office will use to monitor the ministries’ progress. Kyriakos Mitsotakis has staked a great deal on improving Greece’s
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New government sets sights on sustainable and wide-reaching tourism industry
EconomyGreece’s new tourism minister, Haris Theocharis, has said that Greece needs a ten-year plan to boost the country’s vital tourism sector. Noting the stability of the tourism industry in recent years... that the government’s focus on the tourism sector would concentrate on sustainable, high-quality tourism
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ND lining up tax, development and labour legislation for autumn
PoliticsGreek Politicson the new government’s legislative plans, which are expected to be in full flow in the autumn... its tax cut pledges while also ensuring next year’s primary surplus target of 2020 is not at risk. The talks with European officials in the coming weeks will address the Greek government’s aim
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingPiraeus Bank’s second quarter (Q2) results from continued operations showing a profit of 20 million... items, specifically the bank’s voluntary retirement scheme, PPI fell by 5 percent QoQ. PPI in Q2 2018... portfolio deleveraging, deposit growth and the issuance of 400 million euro’s worth of Tier II
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking, reflecting deposit inflows of 2.3 billion in Greece. As a result, NBG’s loan to deposits ratio came to 69... optimisation. Capital Pro forma for the first half’s net profits and impact of agreed divestments, the CET1... of the bank’s liquidity pool. The bank also noted that the issuance paved the way for an eventual
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New government looks for way to open discussions with Turkey
PoliticsForeign Policywith them". Dendias’s comments coincided with the publication of a photograph by the Turkish... is "an attempt to create a stir.” “I would like to say that Turkey’s violations are simply consolidating Turkey’s image as a transgressor. They produce no legal effects," said the New Democracy official. He
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Fiscal issues top agenda as fourth post-MoU review gets underway
EconomyProgramme, the creditors’ focus is expected to be on next year’s budget, particularly in terms of how.... The issue was discussed at Friday’s Eurogroup and Athens seems to have the lenders’ go-ahead to make... in some detail with the institutions in the coming days. A report in Sunday’s To Vima also claimed
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Reopening of 10-year bond secures record low yield of 1.5 pct
EconomyGreece’s Public Debt Management Agency (PDMA) published the details of the country’s fourth... in March 2029 that was issued earlier this year. Greece’s debt managers managed to achieve a reoffer yield... manager interest. The transaction attracted more than 250 participating accounts with the lion’s share
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Unemployment edges down to 16.9 pct, below 17 pct for first time since 2011
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 16.9 percent in July from a slightly upward revised of 17.1 percent in June, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate came to 19.1 percent. July’s reading
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