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Coalition suffers space agency misfire
PoliticsGreek Politicsand particularly Digital Policy Minister Nikos Pappas, who is responsible for the agency. Pappas has.... Pappas insisted that not a single euro of taxpayers’ money has been spent on the space agency yet, dismissing any notion that its formation is motivated by corruption. The government, though, has
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Economic sentiment rises to 103.6 in Apr, consumer confidence rises by 4 pts
EconomyMacroeconomysince February. Compared to April 2017, the ESI has risen by 8.4 points. Consumer confidence increased by 4 points to -48.8 in April compared to -52.8 in March. Year-on-year, consumer confidence has...-on-month to -1.2, staying negative for a second month. In the year so far, industry confidence has
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Credit contraction at 1 pct in March, balance at 180.34 bln
EconomyMacroeconomysector lending balance has turned positive for the first time this year. During March, the corporate... came to 21.24 billion. The latest reading means that the balance has remained under the 23-billion-euro mark for a fifth consecutive month. The Greek market has been experiencing a contraction
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Speculation about timing of next general elections intensifies
PoliticsGreek Politics-year term expires. The date of the next regional and municipal vote has not yet been set... talks about holding the vote with the local elections. As things stand, no decision has been taken by Tsipras and he is unlikely to start whittling down his options until the third bailout has been
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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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