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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBanking. The final quarter’s results mean that NBG has exceeded its annual NPE reduction target by around 830... formation of 25 million euros in mortgages. Since the end of 2015, NBG has achieved a net NPE... in December and added around 35 bps in capital and 270 million in liquidity. NBG has also entered
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Ankara tension and Macedonia name talks weigh down coalition
PoliticsGreek Politicsparty has urged the government to engage on these issues via the institutional route... the necessary political consensus at home. This has provided Mitsotakis with a platform to attack Tsipras.... This has given the government’s critics more ammunition. On Thursday, New Democracy spokeswoman Maria
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Complications over reforms cast doubt on June target for global deal
EconomyProgramme. The Finance Ministry has indicated that evaluators increased the values in around 60 percent of areas... finance ministers that has so far been the target for all sides. Nevertheless, it may be the case... by the lenders. PPC divestment One of the most prominent reforms that the Greek government has
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EquiFund makes official launch in bid to grow Greek businesses
EconomyFeaturesa long-term positive impact on the real economy. The fund has been created by the Greek government..., the country has the lowest levels of venture capital and private equity activity in the European Union... rather than elsewhere, therefore easing the significant brain drain that the country has experienced
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Collateral damage in Europe?
Agorain the future? Over the course of the past decade China has become a formidable investor... and infrastructure initiatives into the political economies of Europe has established linkages and dependencies... for their own strategic benefit in the emerging trade conflict. As the European economy has started
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Lenders still aiming for completion of fourth review in May
EconomyProgrammeinsists that much of the preparatory work has been done, while the eurozone official pointed out... the institutions an opportunity to brief eurozone finance ministers on what progress has been made... in July. Debt mechanism One of the main issues that has to be resolved by the time a global deal
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Economic sentiment rises to 103.6 in Apr, consumer confidence rises by 4 pts
EconomyMacroeconomysince February. Compared to April 2017, the ESI has risen by 8.4 points. Consumer confidence increased by 4 points to -48.8 in April compared to -52.8 in March. Year-on-year, consumer confidence has...-on-month to -1.2, staying negative for a second month. In the year so far, industry confidence has
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Credit contraction at 1 pct in March, balance at 180.34 bln
EconomyMacroeconomysector lending balance has turned positive for the first time this year. During March, the corporate... came to 21.24 billion. The latest reading means that the balance has remained under the 23-billion-euro mark for a fifth consecutive month. The Greek market has been experiencing a contraction
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Tsakalotos eyes conclusion of review and debt talks, will not dispute pension cuts
EconomyProgrammethere was a straight swap with the lowering of the tax-free threshold due in 2020, has always seemed... be nothing like what Greece has experienced since the first programme was agreed in 2010... the spirit of the Eurogroup decision because we feel that a secure signal has to be sent
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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeaturesA study by the Greek Tourism Confederation (INSETE) has indicated that tourism was worth over one... has on the economy, in that for every 1 euro in tourism revenue, the country’s GDP grows by 2.65 euros, the study states. Tourism in Greece has the eighth highest level of interconnectivity out of 64
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