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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingin value. The bank’s management said that due to the coronavirus outbreak, current operations and market... in risk weighted assets. The fully loaded total CET 1 stood at 14.9 percent. The bank’s Tangible... euros. Alpha Bank’s CEO, Vassilios Psaltis, commented that the current coronavirus epidemic
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Govt mulls tighter controls on movement, seeks to boost health supplies and Covid-19 tests
PoliticsGreek Politicsfive more deaths were recorded bringing the country’s total since the start of the pandemic to 43..., Prime Minister Kyriakos Mitsotakis took to social media to urge MPs to give up half a month’s salary... China State Grid, a minority stakeholder in Greece’s power distribution network, and COSCO, which
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Google mobility report illustrates stark drop in activity due to Covid-19
SocietyGoogle has released a set of mobility reports which illustrate how the public’s movements around... measures such as an 8pm curfew were also introduced. Google’s report showed that in Greece as of March.... Sweden’s data showed that visits to workplaces fell by 18 percent. On the other hand, mobility trends
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Unemployment at 16.4 pct in January
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 16.4 percent in January, unchanged from December, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last... the Labour Ministry’s Ergani database for February showed that there were 24,867 more hirings than
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyof the worst hit countries from the pandemic in Europe, Italy’s GDP will drop by -9.1 pct this year, Spain... at -5.9 pct Greece’s unemployment rate will climb to 22.3 pct, from 17.3 pct last year, the IMF..., combined with increased spending to support the economy will tend to push Greece’s debt to levels
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Current account shows deficit of 1.14 bln in February
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.14 billion euros in February compared... million euros year-on-year (YoY). According to the BoG, February’s performance is primarily... in February. The travel balance showed a surplus of 73.7 million, rising against last year’s figure
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Primary residences back in focus as Athens waits for recovery fund decision
PoliticsGreek Politicsbe “huge” and that it should be funded via a long-term debt instrument. He also underlined Athens’s belief... high on the Greek government’s agenda since the sector accounted for around 18 billion euros directly last year and is the main pillar of the country’s economy. New Democracy insists that at least part
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Retail turnover increases by 4.7 pct in February, volume up by 3.5 pct
EconomyMacroeconomyGreece’s retail sales index increased by 4.7 percent in February following a rise of 7.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The current month’s... confidence has shown a worsening of 1.7 points. Consumer confidence is the lowest it’s been since
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Economya strong rebound of 7.9 pct in 2021. The Commission notes that Greece’s large dependency on the hospitality... of the crisis and as Greece’s main export markets rank amongst the worst hit by the pandemic, exports of goods... is reflected on the difference in view of today’s forecast and the one that the authorities sent
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Unemployment continued downward course in Feb, falling to 16.1 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 16.1 percent in February from a downward revised reading of 16.2 percent in January, Hellenic Statistical Authority’s (ELSTAT) data showed... Macedonia was the highest at 21 percent. The latest available data from the Labour Ministry’s Ergani
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