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Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
EconomyMacroeconomyof 1.07 billion in March following a surplus of more than 1 billion recorded in each of the previous two... higher than target. It is pointed out that primary expenditure notably rose by more than 1 billion from
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Athens and creditors get down to details in final stretch of review
EconomyProgrammean increase in spending of 1 percent of GDP in 2019 and tax reductions of 1 percent of GDP in 2020
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Coalition MPs gear up for busy period in Parliament
PoliticsGreek Politicsthe relevant legislation will begin immediately. The government’s aim is to vote on the measures, including 1 percent of GDP in pension cuts and another 1 percent from the reduction of the tax-free threshold
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Stocks up by 4.7 pct, rising for third straight week
EconomyDevelopment (-1 percent). The trading volumes remained at high levels for the second week in a row... date is on May 17. Mytilineos and METKA said they will hold their AGMs on June 1 to approve
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Central government debt edges up to 326.5 billion in Q1
EconomyMacroeconomy, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 11.9 and 8.9
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBankinglosses rose by 1 percent QoQ and 7.5 percent year-on-year to 188.2 million, corresponding to a cost... increased. The phased-in Common Equity Tier 1 (CET1) ratio stood at 17.3 percent in Q1 with the fully-loaded
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Greek SMEs struggle most for finance versus eurozone peers
EconomyMacroeconomy, it was by far the lowest in the eurozone and well below the average of around 19 percent. On a scale of 1.... The eurozone average was close to 1 percent. In contrast to an improvement in the eurozone, Greek SMEs
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingincome (ΝΙΙ) improved 1 percent QoQ to 445 million in Q1 mostly reflecting a rebound in loan NII from... and increasing uncertainty were cited as the drivers. The Common Equity Tier 1 (CET1) ratio edged down
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingformation stood at -15 and -1 million respectively. The NPE and the NPL coverage ratios remained unchanged... million in the Greek market. The Common Equity Tier 1 (CET1) ratio edged up by 10 bps to 17.2 percent
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Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomyto 4.67 percent, reflecting a notable increase in the rate for loan amounts of over 1 million euros by 64... between 250,000 and 1 million decreased by 42 bps to 4.4 percent. Following the movement in April
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