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Tsipras invites Middle East investment at second EU-Arab summit
PoliticsForeign Policy. Referring to the common history of the two regions, Tsipras said, “Greece has a crucial location... Greece makes it clear that it has, in fact, left the crisis behind it and is entering a new era... hydrocarbons, tourism, culture, property investment, shipping and education. “Our energy relationship has been
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PASOK emerges victorious from first round of centre-left leadership vote
PoliticsGreek PoliticsGiorgos Kaminis, who has enjoyed the Socialist party’s support on the two occasions he was elected... has created and develop a policy programme that is able to carve out space for the centre-left, which has found itself marginalised by Mitsotakis’s reformist rhetoric and Tsipras’s ability to show
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Fall in apartment prices continues with slower decline of 0.6 pct in Q3
EconomyMacroeconomypercent in 2013. The trend has been decelerating since 2016, with the rate of -2.4 percent being.... The housing loan balance has contracted by more than a quarter since the end of 2010. Net deductions... exposures (NPEs) as of August according to the BoG. Building activity has displayed some positive
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingin Q2. Since the end of the quarter, it has declined by an additional 1.3 billion to stand at 4.7... has the lowest ELA funding levels among the core Greek banks. Outstanding interbank funding stands... markets. NBG notes that since the imposition of capital controls the bank’s deposit base in Greece has
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Institutions head back to Athens in search of SLA by end of week
EconomyProgrammeto the 2018 budget, which Parliament is due to vote on before Christmas. Before that, though, the SLA has... liberalisation and labour reforms, where Athens has to adopt the best European practices regarding mass... of Lamda Development, which heads the consortium that has invested in Hellenikon, said the next two
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Office prices slip by 0.7 percent in first half of 2017
EconomyMacroeconomyprice index was 101.6, recorded in H1 2010. Since then, the index has dipped by 29.4 percent... by 0.4 percent in 2016, slowing from a drop of 3.5 percent in 2016. The price index has been..., the retail space rent index has plummeted by 38.8 percent. The decline reflects falls in all areas reported
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBanking, the NPE stock has to be reduced by another 1.7 billion across the remainder of the year. Management... exactly on target. For the full year, the bank has set a target of 17 billion euros, meaning... Liquidity Assistance (ELA) funding has been reduced by a total of 4.1 billion since Q2 to 7.3 billion
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Strike legislation, auctions present Athens with challenges in wake of SLA
EconomyProgrammeand reminded Athens that it still has much work to do before the third review is completed. A eurozone official also played down the possibility of Greece not implementing the pension cuts it has agreed..., the European official reportedly said that Greece needs to stick to the agreement it has made regardless
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SYRIZA tweaks auction rules to appease MPs, defends clean exit narrative
PoliticsGreek Politicsin the upcoming multi-bill that the government has to adopt in order to complete dozens of prior actions...’s QE scheme. The government, which has had a prickly relationship with Stournaras since 2015... the exit from the programme has been achieved.
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Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeaturesbenchmark yield has dropped below 4 percent and stands at 3.7 percent, while the rest of the yield curve has shifted down. The yield of the 2-year bond stood at 1.56 percent and the 5-year at 3.13 percent... for Greek debt is also reflected on the 3-month and 6-month treasury bills that the Greek government has
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