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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingfrom the Tier II issuance in July 2019. The bank’s domestic loan disbursements were up 53 percent YoY... fee and commission income came to 63 million in Q1, up by 13.3 percent YoY, reflecting strong growth...) and intermediation fees (+25.9 percent YoY). Operating expenses came to 207 million, up by 3 percent YoY
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First challenges for tourism plan, as public relaxes approach to virus
PoliticsGreek Politicson Thursday, the government’s plan to attract visitors this summer is starting to come up against... and locals. Challenges One of the practical challenges of opening up air travel to Greece... commentators to question the government’s eagerness to open the country up and its ability to control
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General govt primary cash deficit of 1.85 bln in Apr as revenues decline
EconomyMacroeconomy) and SSFs (-20 million). At 26.1 percent of the total, tax refunds make up the majority of arrears...-euro increase in bonds, which came to 60.09 billion euros in April and made up 16.6 percent... up 69 percent of the total. A very slight rise of 2 million euros was noted in Bank of Greece funding
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Greece issues new 10 yr bond as investor appetite returns
Economyfor its internationally placed euro-denominated bonds and will be used to top up the cash reserves... than 85 pct of the allocation, with fund managers taking up 59 pct, followed by banks at 21 pct... billion euros, but offers in excess of this are likely to be accepted of up to 600 million euros. After
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Bill to regulate demonstrations stirs opposition reaction
PoliticsGreek PoliticsProtection, which will be tasked with drawing up and implementing a national strategic plan... Mayor Giorgos Kaminis, accused left-wing commentators of hypocrisy, and warned that stirring up... their attitudes to Covid-19 testing, with three out of four appearing willing to pay up to 50 euros to be tested
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PM sees 'new Greece' rising from Hellinikon rubble, pledges more aid for struggling firms
PoliticsGreek Politics, offices and luxury apartments, can go up in place of the long-defunct airport. There are around 900... to invest over the next five years and up to 10,000 jobs that could be created, the prime minister... to tailor its interventions to prop up the tourism industry as it becomes clear there is little hope
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ND forced to compromise over demonstration bill, feeding SYRIZA's claims
PoliticsGreek Politics. New Democracy held up the draft legislation as another sign of its attempt to impose law and order... of these concerns were backed up over the last few days by Greece’s bar associations... to the bill. KINAL leader Fofi Gennimata immediately held this up as a victory for her party. She
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Rise in "imported" Covid-19 cases a source of jitters for tourism industry
PoliticsGreek Politics24 hours, 33 new cases of Covid-19 were recorded in Greece, 21 of which were picked up by testing... to bar visitors from Serbia from entering the country after infections in the country flared up... of last year’s business, leading to up to 30 percent unemployment by winter. On a national level
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Approval of street protest law a potential source of political tumult
PoliticsGreek Politicsadministration. However, the legislation may end up causing more turmoil on opposition benches as it opened up a rift with KINAL, Greece’s third-ranked political force. Leader Fofi Gennimata decided her.... In fact, SYRIZA MPs accused the authorities of stirring up trouble on the streets outside Parliament
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PM in search of recovery fund boost as parties clash over latest Novartis episode
PoliticsGreek Politicsthis year and only recover by 6 pct in 2021. Greece stands to receive up to 32 billion euros in funding... and reduce import-dependence, a shake-up of the justice system and education, and the introduction... admirers in the justice system, to cover up the affair. In a statement, SYRIZA accused
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