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Retail sales drop by 0.3 pct in August, first negative reading for the year
EconomyMacroeconomyequipment (+3 percent). The biggest annual decline was seen in automotive fuel, which fell by 3... in September to stand at 2 points. This year to date, retail trade has deteriorated by 10.9 points.
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Greece drops six places in global ease of doing business report
EconomyFeaturesheld by New Zealand (1), Singapore (2) and Denmark (3). Ten indicators were tested as part... scored 3 on a scale of 0-12. In terms of resolving insolvency, Greece trailed behind other countries
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Newsletter 138
to 5.34 billion in the first nine months of 2017, up marginally (by 3 million euros) compared... confidence was also reported as having improved to a three-and-a-half year high. 2 Retail sales drop by 0.3... fuel, which fell by 3 percent. The seasonally adjusted (SA) retail sales index declined by 2.3
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Current account surplus at 1.21 bln in September on services balance growth
EconomyMacroeconomybillion, while travel payments declined by 3 percent to 173.5 million. BoG cited an 11.8 percent rise... increased by 381 million euros, while the corresponding liabilities grew by 3 billion. In the nine-month... in liabilities was driven by a fall of 2 billion in non-residents holdings of Greek government bonds
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Newsletter 141
fluctuated in recent months. 2 Current account surplus at 1.21 bln in Sept Headline figure driven... percent to 2.47 billion for the month, while travel payments fell by 3 percent to 173.5 million.... This was driven by travel receipts rising by 15.5 percent to 2.47 billion, while travel payments declined by 3
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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policyto reach Cyprus' block 3 for hydrocarbon research when it was impeded. Turkey is currently conducting military exercises close to Cyprus's Block 2 and 3 and has blocked the area using a NAVTEX
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Newsletter 152 -23/02/2018
clearance in 2017. The aim is to reduce state arrears, which stood at just over 3 billion euros in January... for this purpose, including the 3 billion euros it raised from the sale of a 7-year bond in January... to a special court that can try the accused once their immunity has been lifted. 2 Central govt debt at 328.70
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Greek banks' NPL selloff gathers speed
EconomyBankingto Sweden’s Intrum. Intrum offered 3 cents on the euro of loan principal sold, which translated into 45... balance comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros.... The National Bank of Greece (NBG) is proceeding with the sale of an NPL portfolio totalling 3
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingquarters in which NPE formation has declined. The bank reported that YoY, NPEs have been reduced by 3... adoption of the IFRS9 accounting policy for exposures in Stage 3 (1 billion euros). Net fee and commission income fell QoQ by 10 percent (79 million versus 87 million) but rose by 2 percent YoY
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingformation has declined. The bank reported that year-on-year, NPEs have been reduced by 3 billion... or into early 2019, a collateralised portfolio of NPLs from small and medium sized businesses worth 2... of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent rolled over
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