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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBanking, compared with a loss of 1 million euros in Q3. The bank’s loss for the whole of 2020 compared..., in the government’s Hercules asset protection scheme. The group NPE ratio dropped to 45 percent in Q4 from 47... expenses in 2020 stood at 891 million, a drop of 7 percent YoY. This trend improved the group’s
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Govt prepares to tweak Covid strategy and labour laws
PoliticsGreek PoliticsAll eyes were on the government’s decision regarding the relaxation of lockdown measures on Friday... on Thursday, opposition leader Alexis Tsipras argued that the government’s so-called smart measures have proved to be “stupid.” Tsipras knows that the current situation undermines New Democracy’s efforts
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Govt under fire for testing and requisitioning plans as further lockdown easing postponed
PoliticsGreek Politicsand the surrounding Attica region remains the biggest infection hotspot, with one of the city’s largest... were on waiting lists for ICU beds across the capital. The pressure is spilling over into Athens’s... escalation in cases and hospitalisations based on measurements from the city’s wastewater which show
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NBG posts net loss of 423 mln in Q4; profit of 38 mln in 2020
EconomyBankingbillion euros YoY to 47 billion, comprising about 80 percent of the bank’s total funding sources. NBG’s... in Q4 with a cost of risk of 242 bps. During 2020, loan impairments amounted to 1.07 billion. NBG’s participation in the ECB’s TLTRO/LTRO facilities remained at 10.5 billion in Q4, unchanged QoQ
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EU Commissioner's visit to islands highlights divisions over management of migrant centres
PoliticsGreek Politicsat Greece’s reception centres came in for criticism from an unexpected source this week, when the US State Department’s annual report on human rights referred to unsafe and unhealthy conditions... from NGOs about lack of government investigations and accountability. The EU’s charm offensive
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Confusion over retail reopening puts govt on defensive
PoliticsGreek Politicshis visit to Patra, Greece’s third-largest city. Also, the government announced an additional... ND of losing control of its management of the pandemic. SYRIZA’s shadow finance minister Efi... in Thessaloniki, Kozani and Achaia to keep their doors locked. In Monday’s regular press briefing
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ND wrong-foots SYRIZA with call to lift expat vote restrictions
PoliticsGreek Politicsobservers see it as a tactical move by the governing New Democracy party at SYRIZA’s expense. According to government spokesperson Aristotelia Peloni, the bill was prompted by statements made by SYRIZA’s... with a large cross-party majority. However, Tazkri’s clumsy overture enabled ND to gain the upper hand
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Low expectations for progress in new round of UN-led Cyprus talks
PoliticsForeign Policyis in favor of a two-state solution. Ahead of his meeting on Monday with Turkey’s Tayyip Erdogan, Tatar..., this week’s talks could just lead to a statement of the UN Secretary General Antonio Guterres... of Turkey and the UK. Only European External Action Service’s managing director, Angelina Eichhorst
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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBanking”. The capital increase is a central plank of Piraeus Bank’s balance sheet clean-up plan, which includes a raft... capital enhancements, including the carve-out and sale of the bank’s cards merchant acquiring... Dhabi’s sovereign wealth fund, ADIA, also participated. The Hellenic Financial Stability Fund’s
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Move to legislate on climate change offers opening to bolster environmental laws
PoliticsGreek Politicscitizens to participate in the endeavour. Two comments in Mitsotakis’s address attracted particular... exercise and said she was prepared for clashes over priorities. KINAL’s own proposals include setting... targets. Others, however, were more critical of the government’s environmental credentials
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