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Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
EconomyMacroeconomy. The headline figure is the first time since October 2016 that the index has fallen into negative... figure represents a three-month low, the index has remained above the 50-mark threshold for a fifth... improved by 4 points to stand at -4.7 in October. In the year to date, industry confidence has improved
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingin Q2. Since the end of the quarter, it has declined by an additional 1.3 billion to stand at 4.7... has the lowest ELA funding levels among the core Greek banks. Outstanding interbank funding stands... markets. NBG notes that since the imposition of capital controls the bank’s deposit base in Greece has
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Institutions head back to Athens in search of SLA by end of week
EconomyProgrammeto the 2018 budget, which Parliament is due to vote on before Christmas. Before that, though, the SLA has... liberalisation and labour reforms, where Athens has to adopt the best European practices regarding mass... of Lamda Development, which heads the consortium that has invested in Hellenikon, said the next two
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Office prices slip by 0.7 percent in first half of 2017
EconomyMacroeconomyprice index was 101.6, recorded in H1 2010. Since then, the index has dipped by 29.4 percent... by 0.4 percent in 2016, slowing from a drop of 3.5 percent in 2016. The price index has been..., the retail space rent index has plummeted by 38.8 percent. The decline reflects falls in all areas reported
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBanking, the NPE stock has to be reduced by another 1.7 billion across the remainder of the year. Management... exactly on target. For the full year, the bank has set a target of 17 billion euros, meaning... Liquidity Assistance (ELA) funding has been reduced by a total of 4.1 billion since Q2 to 7.3 billion
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Strike legislation, auctions present Athens with challenges in wake of SLA
EconomyProgrammeand reminded Athens that it still has much work to do before the third review is completed. A eurozone official also played down the possibility of Greece not implementing the pension cuts it has agreed..., the European official reportedly said that Greece needs to stick to the agreement it has made regardless
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Erdogan makes forceful start to visit, catches Athens off guard
PoliticsForeign Policyfor Greece.” Athens, however, has always rejected any discussion that raises the possibility of borders... Union and this treaty is for us non-negotiable,” said Pavlopoulos. “It has no flaws, it does... will lose the main leverage point it has had in its dealings with its neighbour and will need to rely
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SYRIZA tweaks auction rules to appease MPs, defends clean exit narrative
PoliticsGreek Politicsin the upcoming multi-bill that the government has to adopt in order to complete dozens of prior actions...’s QE scheme. The government, which has had a prickly relationship with Stournaras since 2015... the exit from the programme has been achieved.
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Multi-bill on way as Athens aims to complete third review by Jan 22
EconomyProgrammeof members to call a strike, rather than a third as is the case now. However, this has not yet been confirmed, and the coalition may choose to submit this measure, which has proved politically... similar auction in December. Once the third review has been settled, focus will also turn
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Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeaturesbenchmark yield has dropped below 4 percent and stands at 3.7 percent, while the rest of the yield curve has shifted down. The yield of the 2-year bond stood at 1.56 percent and the 5-year at 3.13 percent... for Greek debt is also reflected on the 3-month and 6-month treasury bills that the Greek government has
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