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Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Economy’s debt managers note that this is the first time since 2010 that the country has managed three.... Both the coupon and yield are the lowest the country has achieved for a euro-denominated benchmark... to the final orderbook exceeding 10 billion euros. This was the highest Greece has reached since its return
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Vote on tax bill due this week as ND pushes for adoption of first three draft laws
PoliticsGreek Politicslegislation that has received most attention as it paves the way for an immediate reduction... municipal elections. Most of the focus has been on the tax interventions, given that New Democracy’s... the lenders’ trust. New Democracy has made it clear it is not prepared to reduce the level, which
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Amid clash over watchdog, ND expects reforms to deliver more effective governance
PoliticsGreek PoliticsCourt president Vassiliki Thanou as head of the Competition Commission. This has been tagged onto... heading the watchdog. Thanou, who has been in charge of the commission for several months, previously... the opposition’s questions and insisted that Kontoleon has the necessary qualities for the job. He did
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Unemployment falls to 17.2 pct, stays below 18 pct for second month
EconomyMacroeconomyis the second consecutive month that unemployment has remained under 18 percent. The last time the rate fell... months so far. Since the peak of 1.35 million unemployed in September 2013, unemployment has shown a fall... percent. This figure has been in decline since the high of 31.6 percent in May 2013. The unemployment
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Building permits increase by 7.4 pct in May
EconomyMacroeconomyvolume increased by 21.8 percent. Greece’s construction sector has remained subdued in recent years... crisis hit and the construction downturn began. At 15,325 permits, the total for 2018 has surpassed... month last year, construction confidence has fallen by 2.3 points.
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Welcome to Berlin: Mitsotakis meets Merkel
Agora. Merkel is in office since November 2005. During this 14-year period, Greece has had seven prime... to underline that his government has the political will and administrative capacity to keep public.... On the foreign policy front, Chancellor Merkel will be keen to hear what Mitsotakis now has to say
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankinghas declined by 3.3 billion euros. Management noted that NPE stock fell by 1.2 billion in H1..., the bank has so far completed the sale of the Project Nemo portfolio, worth 500 million euros... subordinated bonds. Following the ELA funding elimination, the bank has improved its Liquidity Coverage
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingpercent to 645 million euros. Asset quality Overall, Piraeus Bank has the highest NPE stock on its... and NPL stocks of 11.1 billion. NBG currently has the smallest amount of bad loans on its books... gross book value of 1.8 billion euros. Finally, Piraeus Bank has 1.6 billion euros worth of NPE
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Unemployment edges down again in June, falling to 17 pct
EconomyMacroeconomyconsecutive month that unemployment has remained under 18 percent. The last time the rate fell.... Since the peak of 1.35 million unemployed in September 2013, unemployment has shown a fall.... This figure has been in decline since the high of 31.6 percent in May 2013. The unemployment rate for men
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Tax cuts spearhead Mitsotakis's message in Thessaloniki
PoliticsGreek Politicswill provide New Democracy with the space it needs and if growth will hit the heights that Mitsotakis has... created.” Mitsotakis indicated that he has raised the fiscal issue with his European counterparts... if it is to apply straight away. The New Democracy leader said that if this does not happen, he has
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