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Newsletter 123 - 16/06/2017
extensions and the possibility of claiming almost 1 billion euros extra in EU funds. However, he will have... of 4.33 billion. Of this year’s amount, almost 3 billion, corresponding to around three quarters... available. At the same time, the number of ‘long-term’ unemployed (over 1 year) fell to 779,200
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HRADF's updated asset development plan sets out next batch of privatisations
EconomyProgramme(general mining and metallurgical company) as well as the state’s minority holdings in OTE (1 percent) and Folli-Follie Group (1 percent). It is noted that 50 percent of the profits generated by HCAP... June 30 to November 3. In late May, HRADF accepted the improved offer submitted by the AIA SA
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Conference on Cyprus: foot-dragging towards a dead end
Agoraof the Cyprus Republic. The ratios provided by the Annan plan were 2:1 for the government and 3:1
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBanking-provision income (PPI) fell by 3 percent quarter on quarter (QoQ) to 232 million, reflecting a drop... the domestic core banks. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.5 percent in Q2, while... and liquidity by around 80 bps and 1 billion respectively. The positive impact on capital stems
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Third review agenda becoming more complex for Tsipras
PoliticsGreek Politicsalready has to implement 1 percent of GDP in pension cuts in 2019. Having to raise the equivalent of another 1 percent of GDP from lowering the tax-free ceiling the same year could scupper the prime... invested around 3 billion euros in the project and not yet having got operations fully underway
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Newsletter 153 -2/03/2018
of the fiscal measures that were agreed as part of the second review: 1 percent of GDP in pension cuts in 2019 and 1 percent of GDP to be raised from reducing the tax-free threshold for incomes in 2020... improved by 20.3 points. In the other indicators, industry confidence improved by 3 points month
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking. P&L NII rose by 1 percent QoQ, slowing from an increase of 1.3 percent in Q3, and stood at 373...). The coverage for stage 2 loans increased by 620 bps to 10.7 percent in Q4, while that for stage 3 loans (NPE... the total impact for the first year is expected at 16 bps. Capital The phased-in Common Equity Tier 1
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingdeclined by around 3 billion euros. Broken down by segment, gross NPL formation in Greece showed..., impairment losses also declined by 13.9 percent to 1 billion, while the cost of risk fell to 172 bps from... to around 50 percent. Capital The Common Equity Tier 1 (CET1) ratio stood at 18.3 percent, up by 51
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Central government debt grows to 343.74 bln in Q1
EconomyMacroeconomy, along with a roughly 3 billion-euro increase in bonds and a rise of just over 600 million euros...-term (over 5 years) debt made up 76.7 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 12.1 and 9.6 percent of the total figure, respectively
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The race to reduce Greece's bad loans
EconomyBankingand unsecured overdrafts which have not been serviced for around 5 years, coming to a total of 1 billion... of its NPL reduction strategy, NBG has put up an NPL portfolio fo sale, totalling 3 billion euros..., totalling roughly 1 billion euros, which are collateralised. With strong interest in all bad loan sales so
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