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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeaturesA study by the Greek Tourism Confederation (INSETE) has indicated that tourism was worth over one... has on the economy, in that for every 1 euro in tourism revenue, the country’s GDP grows by 2.65 euros, the study states. Tourism in Greece has the eighth highest level of interconnectivity out of 64
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingof its ongoing strategy to de-risk its balance sheets and reduce bad loans, Alpha Bank has a portfolio.... Since Q1 2017, overall Eurosystem funding has declined by around 9 billion euros. The decline... Greek Bank for its sector-leading capital position has the ability to play an active
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Industrial production increases by 1.9 pct in April, March revised upwards
EconomyMacroeconomy. In the year so far, industry confidence has declined by 1.4 points. The Commission’s latest... negative for a third month. In the year so far, industry confidence has declined by 1.7 points... which the reading has stayed above the 50-mark threshold.
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Unemployment rate stable at 21.2 pct in Q1
EconomyMacroeconomyon Thursday. The latest figure means that the quarterly unemployment rate has remained under 22 percent for four consecutive quarters now. Compared to the same period last year, the jobless rate has... of unemployed fell below the 1 million mark for the first time since Q3 2011 in Q3 2017, but has since gone
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No let-up in intensity of SYRIZA-New Democracy clash over name settlement
PoliticsGreek PoliticsDemocracy in a part of the country where it has traditionally performed well. The opposition senses... on the fact that Skopje has to drop any hopes of establishing cultural or historical links..., and New Democracy has been denied but reports suggest that the conservatives are monitoring
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The race to reduce Greece's bad loans
EconomyBankingand to 10.6 billion by the end of next year Alpha Bank has a portfolio of bad loans totalling 800 million... portfolio Eurobank has put up for sale takes the form of loans up to 10,000 euros in credit card debt... of its NPL reduction strategy, NBG has put up an NPL portfolio fo sale, totalling 3 billion euros
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Coalition majority trimmed further after unexpected loss of ANEL MP
PoliticsGreek Politicsthe democratic legitimacy to sign the deal. The two departures mean that the coalition now has 152... Prime Minister Alexis Tsipras’s trip to London, where he has been meeting with businessmen.... Kammenos has added to the negative sentiment by making various claims, including the suggestion on Tuesday
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingChief Executive Officer said “Our effort to decrease the NPE stock has been intensified and we... with headquarters in Prague and professionals in 14 countries. Founded in 2004, the company has acquired 81..., and has over 7.5 billion euros of claims under management. This is the second sale of a bad loan
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Improving trends in property market highlighted by central bank
EconomyBankingcommercial property even reported a small price rise. Overseas investment in Greek property has picked up... and 2.2 percent, respectively. An uptick in commercial property investment portfolios has also been... market in Greece for short-term rental properties. This new dynamic has led to an increase in real
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Blueprint for election battle laid out in Parliament debate
PoliticsGreek Politicstargets the government has agreed with the lenders and the ones that the New Democracy led coalition... indicated that he has information that a member of Tsipras’s family has received favourable
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