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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomybillion for a fourth consecutive month. April’s figure reflected a rise of 100 million euros in European..., it was revealed that Greece’s four systemic banks had fully eliminated ELA funding from their balance sheets...’s quantitative easing (QE) programme. Interbank repos have also increased, as well as loan
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OECD lowers growth forecast, warns Athens to maintain fiscal credibility
EconomyMacroeconomyThe OECD published on Tuesday its latest global economic outlook in which it has slightly revised downward its forecasts for Greece’s economic growth over the next two years. This year’s growth... that last year’s 1.9 percent economic expansion was the highest since the crisis, led by growth in exports
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April hirings balance positive by 110,895, aggregate balance highest on record
EconomyMacroeconomythe Labour Ministry’s Ergani information system showed. Ergani noted that the balance for this April is the highest positive balance on record for the month since 2001. April’s figure is also the third..., compared to 45.9 percent in March. April’s percentage for full-time work is the highest since April 2018
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Budget primary surplus confirmed at 1.46 bln in April, above target by 2.31 bln on higher revenues
EconomyMacroeconomyseen in March. However, April’s primary balance showed an improvement against the figure.... Monthly revenues for April dropped month-on-month compared to March’s figure of 4.48 billion... a rise compared to March’s figure of 3.26 billion. The aggregate figure for the first four months
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Economic sentiment shows slight rise to 100.8 in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) edged up by +0.3 points in May to 100.8 points, European Commission (EC) figures revealed on Tuesday. May’s reading is the fourth consecutive figure over the 100-point mark. Barring January’s reading of 99.6, the index has remained above 100 points in the year so
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Credit contraction falls to 0.1 pct in April, balance at 161.82 bln
EconomyMacroeconomypositive by 63 million euros from 187 million euros in March. The latest month’s reading took the balance to 69.18 billion, lower than March’s balance of 69.24 billion. Credit to insurance corporations... to 6.08 billion. The household lending sector’s net monthly movement showed negative movement
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBanking’s Greek peers. In the Greek market, negative NPE formation was noted in three out of four main..., CEO of Eurobank, commented that the cleanup of the bank’s balance sheet remained a top priority. He... the bank’s key metrics to that of their European peers by the end of 2021. “As our accelerated plan
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingPiraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing.... When excluding one-off items, namely the bank’s voluntary retirement scheme, PPI fell by 6 percent... that the bank continued shifting interbank repo to ECB’s main refinancing operations at zero cost utilising
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PMI eases to 54.2 in May as exports continue to rise
EconomyMacroeconomyGreece’s manufacturing PMI dropped to 54.2 points in May from 56.6 points in April, according to the latest data from Markit PMI. April’s figure had been the highest reading for Greece since June 2000. Despite the drop in the latest month’s reading, Markit noted that the reading still signalled
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Turnover in tourism drops by 19.2 pct in Q1
EconomyMacroeconomyquarter of Q1, showing a fall of 19.2 percent compared to Q4’s upward revised increase of 2.9... 2018 stood at 9.7 percent. The current quarter’s negative reading in the first decline since Q1 2017... from Russian visitors also rose by 63.5 percent to 15.2 million. The Greek Tourism Confederation’s
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