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Unemployment rate falls to 19 pct in Q2
EconomyMacroeconomy-on-quarter, taking the figure to under 1 million for the first time since Q3 2017. This was combined... declines. The number of long-term unemployed (over 1 year) declined for a sixth continuous quarter... administration and defense/compulsory social security (8.6 percent), and education (8 percent).
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankinga decline for an eighth quarter. A minor increase of 1 million euros in NPE formations was seen... by mortgages (-14 million) and corporate loans (-8 million) after having risen in the previous two quarters... billion in June, and to 1.2 billion as of November 9, 2018. Capital The phased-in Common Equity Tier 1
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP grew by 1 percent quarter-on-quarter (QoQ) in the third... estimates that private consumption will grow by 1 percent overall this year. For next year, private... percent QoQ and rose by 8 percent YoY. The MoF in its latest budget anticipates that exports
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Eurobank net profits from continued operations fall by 12.2 pct in 2018
EconomyBankingmillion euros in 2018 compared to profits of 185.5 million in 2017, a rise of 8 percent. Factoring... loans, with NPE formation of -3 million. A rise of 1 million had been noted in Q3. NPL formation also... 109.6 percent in 2017. Capital The phased-in Common Equity Tier 1 (CET1) ratio increased to 16.2 percent
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Newsletter 207 -24/05/2019
years) debt made up 77.2 percent of the total, while short-term (up to 1 year) and medium-term (1... turnover fell by 6.7 percent year-on-year (YoY) in March compared to an upward revised increase of 8
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingyear came to 196 million euros. Net interest income (NII) rose by 1 percent QoQ to 360 million... percent in Q4. P&L As mentioned, NII stood at 360 million euros, showing a rise of 1 percent QoQ... quarter, reflecting a fall of 8 percent both on a QoQ and YoY basis. The cost-to-income ratio stood
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgrammea slowdown in reforms. The report is based on the findings of a mission to Athens between 6 and 8 May... as planned and not creating an extra 1 percent in fiscal space for growth-enhancing reforms... estimate will have a fiscal cost of more than 1 percent of GDP in 2019 and beyond. These range from
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturessalaries and pensions, with income from property coming a distant second at 8 percent, income from... 3,000 euros and yields additional tax revenues of 1 percent of GDP. According to the legislation... billion euros, while SYRIZA’s would range between just under 1 billion and 1.5 billion euros
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Newsletter 213 -07/01/2019
on July 8, followed by his cabinet a day later, when the new premier will also hold his first meeting... 2011 Loans to sole proprietors edged up by 1 million euros after a negative reading of 30 million... by 1 million euros after a negative reading of 30 million in the previous month. Deposits rise
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Support for euro grows in Greece, strong mistrust of EU easing
Societyincrease seen in Cyprus (47 percent, +11 pps), Hungary (52 percent, +9 pps) and Greece (33 percent, +8... (+1 pps versus autumn 2018) and 93 percent saying that it was bad (-1 pps versus autumn 2018). When
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