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Retails sales contract 1 pct in June, volumes fall as food dips by 6.2 pct YoY
EconomyMacroeconomyGreece’s retail sales turned negative in June, posting a drop of 1 percent year-on-year (YoY), after a solid rise of 7.8 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The corresponding volume index recorded a sharp drop of 7.6 percent. June is the second negative
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Producer prices drop 1 pct in Apr, in contraction for over one year
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in April, dropping by 1 percent year-on-year (YoY), after falling by 0.1 percent in March, ELSTAT data showed on Thursday. The index has been in contraction since March last year, although some of the base effects from the inflation peak
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Eurobank net profits exceed 1 bln up to Sep, commissions jump 24 pct YoY to 557.2 mln
EconomyBankingThe Common Equity Tier 1 (CET1) fully loaded was 15.5 percent, while the capital adequacy ratio was 18.9
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NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
EconomyBankingstands at 41 basis points. Asset quality NPEs stayed below 1 billion euros in 9M, with the ratio at 2.5
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Mood sours as focus switches to next set of prior actions
PoliticsGreek PoliticsThe 2016 budget was passed relatively comfortably on Saturday, with all 153 coalition MPs voting for the economic plan, but attention is quickly shifting to the next set of prior actions that Greece.... It should be pointed out, though, that the creation of a task force to set up the new fund is one
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Lenders set to highlight reform delays, leaving fiscal gap concerns until after elections
EconomyProgramme’s 3.5 percent of GDP primary surplus target is set to be challenged in the institutions’ report... made since the second enhanced surveillance report earlier this year will be set out, the latest
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Lockdown set to be extended as political friction continues
PoliticsGreek PoliticsThe government is set to play it safe and extend Covid-19 restrictions on the advice of experts as Greece battles to keep the pandemic at bay after the festive period. Kathimerini reported on Friday that the authorities are set to extend the latest, stricter lockdown for another week
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New Parliament set for fractious opening session after Mitsotakis curtain-raiser
PoliticsGreek PoliticsThe parties in Greece’s newly elected Parliament will have the opportunity to set out their agendas in the opening debate starting on Thursday, ahead of the vote of confidence scheduled for Saturday.... A series of announcements are expected along the lines of the programme set out in New Democracy’s
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PM set to avoid kneejerk reaction to poor EP poll result as centre left mulls next move
PoliticsGreek Politicsof the vote, which was well short of the target the PM had set, at around 33 pct. He told Alpha TV... the target he had set. He argued that the party had connected with some groups of voters during the campaign
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Kasselakis set to be excluded from SYRIZA leadership bid after row over assets
PoliticsGreek PoliticsStefanos Kasselakis’s bid to win back the leadership of SYRIZA looks set to be stymied by his opponents via the party organs in the latest twist in the drama that has consumed the main opposition party over recent months. A row over the ousted leader’s personal wealth set in motion the process
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