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Eurobank net profits at 256.7 mln in 2019
EconomyBankinggovernment’s Hercules scheme for reducing bad loans received its first application from Eurobank. The application related to two of the bank’s three securitisations under the code name Cairo, with a total... and are “considered key components of Eurobank’s frontloaded strategy aiming at reducing the NPEs ratio to 15
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Industrial turnover rises by 5.7 pct in January
EconomyMacroeconomyGreece’s industrial turnover increased by 5.7 percent year-on-year (YoY) in January compared... showed. January’s headline figure is the second consecutive increase in as many months. The monthly... holds the highest weighting in the index. In other indicators, February’s PMI index came to 56.2
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBanking, exceeding the bank’s full year SSM reduction target. The bank noted that with nearly two thirds.... As a result, NBG’s loan to debt ratio came to 67 percent in Q4 from 68 percent in Q3. The total... outbreak means that the bank’s results, while strong, reflect a period before the advent of this crisis
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ND focussed on keeping coronavirus numbers down in build-up to Greek Easter
PoliticsGreek Politicsas reminders that the danger is not over yet. In an interview with Sunday’s Ethnos newspaper.... As was the case with the Roma settlement, Hardalias and Sotiris Tsiodras, the expert leading Greece’s pandemic... be a staggered reopening of stores, including cafes and restaurants. The government’s hope
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Industrial turnover drops by 2.4 pct in February
EconomyMacroeconomyGreece’s industrial turnover fell by 2.4 percent year-on-year (YoY) in February compared... published on Thursday showed. February’s headline figure interrupts two consecutive months.... In other indicators, March’s PMI index came to 42.5 points in March from 56.2 points in February
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Snap election scenarios circulate as ND's pandemic response fuels surge in polls
PoliticsGreek Politicsof events a scenario for snap elections, less than one year into ND’s term in government. Such a scenario... of an electoral contest during a pandemic. President Emmanuel Macron’s decision to postpone the second... its election defeat last summer and Alexis Tsipras’s rebuilding project has yet to be seen
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Govt examines how to ease out of lockdown as PM rules out snap elections
PoliticsGreek PoliticsMinister Kyriakos Mitsotakis’s chief of staff, Akis Skertsos. They are working out how and when Greece... need,” he added. The premier’s view was echoed by Interior Minister Takis Theodorikakis. Speaking... in the government’s approach. Over the last few days, opposition MPs have submitted more than 100 questions
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Survey sheds light on sentiments in lockdown, as govt backpedals on voucher scheme
PoliticsGreek PoliticsA major survey highlights Greeks’ anxiety around the pandemic’s impact on their finances, while.... The government continues to reap the public’s approval for its handling of the coronavirus crisis..., with 76 percent approving of the government’s actions. However, respondents are split regarding
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As easing of lockdown begins, government looks to salvage economy
PoliticsGreek Politics, depending on the store’s floor space. The government has launched a campaign to urge Greeks to “Stay safe... in the areas affected. According to data provided by Hardalias during Sunday’s regular briefing, 55.9 pct of Greece’s 2,626 confirmed cases were in Attica. The City of Athens, covering the city centre, had
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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Economyto the pandemic impact will cover 2020 and 2021 per the European Commission’s guidance. The Finance Ministry.... According to the Finance Ministry’s baseline scenario, the economy is expected to contract by 4.7... on Greece’s external sector then the output drop in 2020 will reach 8 pct. It is worth noting that had
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