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OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
EconomyMacroeconomyThe OECD published on Tuesday its latest economic outlook, which sees a stable growth path for Greece, broadly in line with the latest estimates by most organisations and the Greek authorities. GDP growth is projected to remain resilient at 2 pct in 2025 and 2.1 pct in 2026, supported by higher
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Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
EconomyMacroeconomyGreece’s Producer Price Index (PPI) picked up pace in May, with a rise of 2 percent year-on-year (YoY), after an increase of 0.5 percent in April, ELSTAT data showed on Monday. This is the fifth consecutive positive reading after a period of contraction that started in March 2023. The index had
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. This is the first back-to-back negative readings since
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was broadly
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Back from the brink: What next for Greece's property market?
EconomyFeaturesnews was that US investment fund Fortress was in talks to take on a 90 million euro bank loan from
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomythe 2-billion-euro portfolio: PIMCO, LoneStar, B2Kapital, Fortress in cooperation with doBank
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking, it was reported that bids had been submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingInvestor DAC, an entity financed by funds managed by affiliates of Fortress Investment Group LLC
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Banks make steady progress on improving balance sheets via securitisations
EconomyBankingwith a consortium of Fortress, Bain Capital and doValue at the end of July. Frontier does not include
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingon Cosmos on October 22 and NBG was in definitive agreement with Bain Capital, Fortress and DoValue
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