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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBanking. The final quarter’s results mean that NBG has exceeded its annual NPE reduction target by around 830... ratio inched up to 74.7. NBG’s NPE and NPL coverage ratios are the highest among its domestic peers..., the highest among Greece’s systemic banks, with NPL coverage at 84 percent. Impact of around 350 bps
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Ankara tension and Macedonia name talks weigh down coalition
PoliticsGreek Politics, such as a behind-closed-doors meeting of Parliament’s Defence and Foreign Affairs Committee. The conservatives.... This has given the government’s critics more ammunition. On Thursday, New Democracy spokeswoman Maria... not support a solution on the name issue that would involve Greece’s neighbour being allowed to use
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Final decision on 2019 fiscal measures still a few weeks away
EconomyProgrammeto send to Eurostat this Friday the final fiscal data for 2017, including Greece’s primary surplus... for last year and at the level of this year’s target of 3.5 percent. The government believes... will also be taken into account. As a result, no final decision on next year’s fiscal measures will be taken
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Retail sales rise by 0.7 pct in Jan, volume up by 1.5 pct
EconomyMacroeconomyGreece’s retail sales rose by 0.7 percent year-on-year in January after December’s increase...) on Friday. January’s headline figure is the second positive reading after three consecutive months... increase of 1.7 percent in December, staying positive for a second month. January’s increase
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PMI at 55 pts in March, slowing from Feb but above 50 for tenth month
EconomyMacroeconomyGreece’s Manufacturing PMI dipped by 1.1 points to 55 in March, the tenth consecutive reading above... in the face of strong foreign demand. Markit analysts commented that March’s growth remained strong despite slowing against the previous month’s multi-year high, thanks to new orders from both
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Despite stumbling blocks, Athens more upbeat after latest talks on name issue
PoliticsForeign Policy. The main obstacle so far is Athens's persistence over a change to FYROM’s constitution in order... of Macedonia is used 142 times in the country’s constitution, while the term “Macedonian” appears 24... in Athens’s stance in relation to FYROM’s aspirations to join FYROM and NATO. Athens is also
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Prior actions and crucial meetings dominate agenda for rest of month
EconomyProgramme. It will also be an opportunity for him to outline Greece’s thoughts regarding the strategic growth... and in line with this year’s goal. In fact, in an interview with Ethnos newspaper, government spokesman... Corporation’s lignite units so the tender can be launched in May. The bill maybe submitted under
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ECB report highlights sluggish Greek economic growth
Economymade in the rest of the eurozone. As ECB president, Mario Draghi notes in the report’s opening...-battered Greece’s unemployment numbers were not eased in a similar way, and the jobless rate still remains above 20 percent. The report’s figure for the country as at 2016 show unemployment at 23.6
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Athens presents growth plan outline as lenders continue to differ on debt relief
EconomyProgrammeadministration. According to Naftemporiki daily, the overall response to Greece’s proposals... by the government’s growth strategy. He suggested that if his party comes to power, the plan would... and Portugal disagree with this stance, according to Kathimerini’s report. France suggests that the mechanism
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Are hirings in the public sector out of control?
EconomyFeaturesgovernment’s claims to be a fresh, untainted political force, fighting corruption and doing away... the ear of Greece’s creditors, an ear finely tuned to detect any wavering from reform targets... is lifted is more than topical, as discussions start to focus on shaping the country’s post-MoU
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