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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBanking, NII fell 5 percent to 1.91 billion euros. It was mainly dragged downwards by the higher ELA cost... in Q4 and further to 23.4 billion on March 10. The current figure incorporates ECB funding of 12.5
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Greek stocks advance 2.6 pct for second straight week on improved investor sentiment
EconomyEnergy (+10 percent). On the flipside, top underperformers included: Titan (-3.4 percent), Ellaktor... last year. Turnover rose by 5 percent to 972 million, while adjusted EBITDA soared 49 percent to 155
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyGreek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February after remaining broadly stable in the preceding two months, Bank of Greece (BoG) figures showed.... In addition, the rate on consumer credit without a fixed maturity (mostly credit cards) edged up by 5 bps
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomyon gasoline, with incremental revenues seen at 100 million. 5) Rise in the excise tax on tobacco products... 10) Imposition of levy on cars with foreign number plates, with estimated revenues of 15 million
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Greece expects review to be completed by May 1 despite IMF objections
EconomyProgrammeannual tax burden of 80 euros for those with annual income between 10 and 22,000 euros, a tax... to 5 percent of their income) for those with incomes above 50,000 euros. Overall, for 99.8 percent
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeof the maximum-weighted maturity by 5 years to 37.5 years A re-profiling of the amortisation scheme... to extend average maturities of loans to Greece by 10 years or more. The option of combining
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Drop in building activity slows to 12.2 pct in February
EconomyMacroeconomy. The institutions’ forecasts point to a further decline by 5 percent in 2016 and 1 percent in 2017... it fell sharply by 10 points to -45.9 in April, its lowest level within 2016.
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingfor the second successive quarter by 10 percent QoQ to 67.8 million fully attributed to lower government... been replaced by interbank repos since last October with the current amount standing at 5 billion
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgrammeof the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3.... Contingency mechanism The legislation on the fiscal mechanism foresees that until May 10 of each
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HRADF's updated plan for 19 privatisation projects published
Economyin December 2014 for a concession period of 40 plus 10 years for a cash consideration of 1.2 billion... Institute (IKA). A 5 percent stake is due to be transferred by the state to HRADF, which will be sold
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