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NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
EconomyBanking. We are delighted our search has culminated in such an excellent fit for our long-term strategy”, EXIN
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Greeks graduating after 2011 encountered limited opportunities, low pay
SocietyA report by the Foundation for Economic and Industrial Research (IOBE) has revealed that graduates in Greece after 2011 were twice as likely to be unemployed as graduates in the overall working-age population, and that the majority of them earned salaries below 1,000 euros a month. The study
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Industrial production grows 5.4 pct in May after marginal rise in April
EconomyMacroeconomywhich was registered in May. On a year-to-date basis, the indicator has declined by 2.3 points
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBanking. This ratio has almost doubled within 2016 from the respective ratio of 28.7 percent at the end
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EU migration survey paints picture of lives of non-native population in Greece
Societyis true for foreign-born nationals living in Greece, which has the fourth highest percentage of foreign
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Parents main source of income for most young Greeks
SocietyA survey by the diaNEOsis research and policy institute has found that almost half of all Greeks aged 18-35 receive financial support from their parents or other relatives. The “Youth Unemployment and Intergenerational Relationship in Greece” survey was carried out in Greece within the context
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IMF approves programme "in principle," repeats position on debt and reforms
EconomyProgrammeMechanism programme, on August 31 next year. In a press release, the Fund repeated the positions it has
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IMF sets out why it stands apart from eurozone on long-term growth prospects
EconomyProgrammepopulation. The IMF notes that the outward migration of working age population observed during the crisis has
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Greece completes first bond issue in three years, eyes more on way out of programme
EconomyGreece has tapped capital markets with a 5-year bond issue for the first time since 2014, raising 3 billion euros. The book-building process launched on Monday and concluded on Tuesday afternoon. As we noted, the transaction included a switch and tender offer of the 5-year bond issued in April 2014
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Deposit inflows increase to 1.1 bln in June
EconomyMacroeconomythe beginning of the year, the liquidity withdrawn from the ELA mechanism has dropped by 5.74 billion
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