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April produces first fall this year for car sales, which tumbled by 7.5 pct
EconomyMacroeconomyThe number of vehicles going into circulation for the first time dropped by 7.5 percent in April after a surge of 43.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The headline figure for April March i...
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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.73 billion euros for the first four months of 2017, down by 9.4 percent from last year’s figure of 1.9 billion. The figure was 928 million euros above the target, the Finance Ministry’s (MoF) final budget ex...
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General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed. Social security funds (SSFs) were the only subsector ...
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankingGreek banks reduced their branch network and employees in the domestic market further, according to the dataset of structural financial indicators for the EU banking sector which was published by the ECB. Bank branches in Greece were reduced by 215 to 2...
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Number of private sector employees rises in 2017 but wages fall
EconomyMacroeconomyThe annual data from the Labour Ministry’s information system (Ergani) detailed the figures on private sector companies and workers in 2017. The information was gathered by data fed by firms electronically into Ergani and is released to summarise activi...
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingAlpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing the loss of 64 million in Q4 2017. On an annual basis, the results for the current quarter are 35.3 percent higher than the results posted for Q1 2017, w...
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Budget surplus beats July target on lower investment spending as tax refunds fall short
EconomyMacroeconomyGreece’s budget primary balance came to a surplus of 2.09 billion euros in the first seven months of 2018, according to the July preliminary budget execution bulletin published by the Finance Ministry (MoF) on Tuesday. Last year’s figure for the same pe...
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 8 million euros from continued operations in the third quarter (Q3), declining from the figure of 21 million posted in Q2. Factoring in discontinued operations, profits stood at 17 million in the qu...
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PPC lignite unit bids fall flat in blow to privatisations
EconomyFeaturesThe Public Power Corporation’s (PPC) divestment of 40 percent of its lignite capacity has hit an obstacle as it emerged that the bid process for two lignite units had attracted very little interest. PPC received one binding offer for the Melitis unit in...
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingEurobank recorded net profits of 29 million euros in the fourth quarter (Q4) of 2018 from 58.8 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 50.7 percent. The figure for net profits reflects results before discontin...
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