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Reshuffle back on the cards as PM unveils plans for Greek industry
PoliticsGreek Politicsafter July 1, once the economy has fully reopened after the lockdown and “at a time of the PM’s... to be announced between July 1 and the Thessaloniki Expo in early September, with more precise speculation focussing on the one-year anniversary of the New Democracy government on July 7. Industrial
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General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
EconomyMacroeconomygovernments by 1 million. No month-on-month change was seen in extrabudgetary funds and SSFs rose by 14.... In other underlying categories, a rise of 1 billion euros was seen T-bills bringing the total to 11.61 billion, making up 3.2 percent of the total. Bonds showed a rise of 7 million euros, which Bank
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBankingportfolios with a combined value of 7 billion euros. After reporting results, the bank announced... Phoenix in the Hellenic Asset Protection Scheme to the value of 1 billion euros. NBG’s domestic NPE... is valued around 5 billion euros with 1 billion of this relating to mortgages. NBG noted that it had
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Newsletter 268 -09/10/2020
be jailed for between 5 and 10 years, which can be reduced to between 1 and 5 years or even suspended... in 2012 with just under 7 percent of the vote, after campaigning on an anti-austerity, anti-establishment... will be just above 1 pct of GDP at 2.08 billion, recovering impressively from the 9.72 billion euros
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It's the hope that kills you
Agoraon June 1 was five and by the start of July it was 17. In mid-July, when the tourism season was declared fully open, the daily cases moving average was just 41. The total number of deaths by June 1... other day, before being forced into another general lockdown as of November 7. Deaths have risen
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingand 7 billion euros from Sunrise 1. Piraeus intends to have 3.6 billion euros of NPEs in early 2022... forma for share capital increase of 1.4 billion euros carried out in Q2. Tier 1 ratio was 12.5 pct
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
EconomyBankingit was on course to bring the NPE ratio down to 7 percent in mid-2022. To achieve this, Alpha Bank’s... came to 91.3 million euros. Recurring operating expenses rose 1 percent QoQ to 260.9 million in Q2... percent in Q1. At the end of June, the Common Equity Tier 1 (CET1) ratio stood at 14.8 percent, a drop
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Newsletter 314 - 29/10/2021
of new bond issues and 2.2 billion euros of new share capital raises. Alpha Bank and Eurobank issued 1... to 7 billion euros, when Piraeus’s 1.4-billion-euro capital raise and 800 million euros of Alpha Bank are included. For next year, scheduled new bond issues include 1 billion euros through two issues
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Newsletter 323 - 14/01/2022
his TV interview that the second increase to the minimum wage would come on May 1. The minimum wage was raised by 2 pct on January 1 and the conservatives had promised a second increase at some point... primary deficits of over 7 pct of GDP due to the pandemic impact and support spending, Greece has
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicslast week that a second increase to the minimum wage would be adopted on May 1, SYRIZA seems to think... wage to be raised to 800 euros. The 2 pct increase on January 1 took the basic gross monthly salary.... These two were followed by wages and working conditions in a distant third on 28 pct. Only 7 pct
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