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Can Greece learn to love renewable energy?
EconomyFeaturesto an estimated 8.1 million jobs (direct and indirect).[1] Driving past the wind turbines in the Greek... and short term economic outlook that would be a welcome buffer. [1] http://www.ren21.net/wp-content/uploads/2016/06/GSR_2016_KeyFindings1.pdf [2] https://www.dei.gr/en/i-dei/i-etairia/tomeis-drastiriotitas
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Central government debt climbs to 328.3 bln in Q2 on bailout tranche of 7.5 bln
EconomyMacroeconomyis equally split between short-term (up to 1 year) and medium-term (1 to 5 years) debt. Meanwhile, Greece’s
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Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July
EconomyMacroeconomyperiod, slightly down by 1 percent from last year, yet beating target by 2.65 billion. Revenues Revenues.... Overall, net revenues edged down by 1 percent in July, while increased by 4.5 percent to 25.95
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomyto 6.18 percent. Lower rises were recorded for amounts over 1 million euros (+16 bps) and for amounts between 250,000 and 1 million euros (+6 bps). As a result, corporate loan rates in Greece remain 250-350
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingmillion in Q1, while stood close to 1 billion a year ago. Last quarter’s NPL formation mostly stems from..., this figure could be impeded by taxpayers’ obligations in H2. The bank’s Common Equity Tier 1 (CET1
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingmillion, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1... from 92 percent in the previous quarter remaining the lowest among core banks. The Common Equity Tier 1
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeaturesand Chinese steel imports to curb the effect of cheap steel on European prices.[1] The fallout from... blamed on price volatility of raw commodities. [1] https://www.ft.com
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IMF sees primary surplus of 0.7 pct of GDP in 2017, debt ratio peaking at 184.7 pct
Economyof 0.7 percent of GDP, still remaining more than 1 percentage point lower than the programme target... revenues (as a percent of GDP) are expected to drop by around 1 percentage point per annum
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Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September
EconomyMacroeconomyin the corporate sector in September was recorded in loans for amounts over 1 million euros, where... 250,000 and 1 million euros increased by 23 bps to 5.32 percent. Despite the drop in September
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Second review to resume in Athens under severe time pressure
EconomyProgrammein the 10-month period, the institutions have identified a fiscal gap of 1 billion, according to reports. Part... to 1,600 euros (from 1,900 euros currently) is estimated to result in savings of 1 billion. NPL
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