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NBG steps back into markets with 750 mln covered bond issue
EconomyBankingThe National Bank of Greece (NBG) has become the first Greek bank to venture back.... The sale marks the first time a Greek bank has sold a bond on the international markets since 2014. There has not been a covered issue by Greek banks since 2009. The bond issue attracted over 2 billion
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Opposition parties seek renewal as Tsipras visits Washington
PoliticsGreek PoliticsNew Democracy leader has been that he want to introduce more outside expertise and dilute the narrow party-based system of appointments. He has also, for instance, pledged a major renewal... has closed the gap on the centre-right grouping since the summer. The announcement of the new advisory
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Focus back on remaining prior actions after mission chiefs' visit
EconomyProgrammeto the completion of the third review. Kathimerini claims that it has been agreed that the issue... at the end of the year. The other fiscal-related matter that has to be settled, but before the end... a close eye on electronic auctions, which the government has promised to launch by early December
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Sub-tranche released but PPC poses key challenge in review
EconomyProgrammeagreement to be reached before the Eurogroup on December 4. If the review has not been concluded... customers, which is equal to 46 percent of its annual turnover, while it has outstanding debts of 3.8... lenders (compared to 65 percent today), after ENFIA property tax has been settled and employees paid
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Eurogroup sees review conclusion in sight, warns over property auctions
EconomyProgrammeof the year." “I agree with what has been said. We made good progress in the last mission,” said...-performing loans (NPLs), which has become one of the hot-button issues in the current review. Draghi’s... this issue, the Greek government also has to proceed with the implementation of almost 70 prior actions
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PASOK emerges victorious from first round of centre-left leadership vote
PoliticsGreek PoliticsGiorgos Kaminis, who has enjoyed the Socialist party’s support on the two occasions he was elected... has created and develop a policy programme that is able to carve out space for the centre-left, which has found itself marginalised by Mitsotakis’s reformist rhetoric and Tsipras’s ability to show
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Deal seen on energy liberalisation as third review SLA edges closer
EconomyProgrammereview has been settled. The Greek government and the European Commission have been in negotiations... that the matter has now been decided and that a deal has been reached between Athens
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Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
EconomyMacroeconomy. The headline figure is the first time since October 2016 that the index has fallen into negative... figure represents a three-month low, the index has remained above the 50-mark threshold for a fifth... improved by 4 points to stand at -4.7 in October. In the year to date, industry confidence has improved
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingin Q2. Since the end of the quarter, it has declined by an additional 1.3 billion to stand at 4.7... has the lowest ELA funding levels among the core Greek banks. Outstanding interbank funding stands... markets. NBG notes that since the imposition of capital controls the bank’s deposit base in Greece has
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Institutions head back to Athens in search of SLA by end of week
EconomyProgrammeto the 2018 budget, which Parliament is due to vote on before Christmas. Before that, though, the SLA has... liberalisation and labour reforms, where Athens has to adopt the best European practices regarding mass... of Lamda Development, which heads the consortium that has invested in Hellenikon, said the next two
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