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Coalition tweaks draft electoral law in hope of clinching supermajority
PoliticsGreek Politicsthat the coalition would split into two articles the provisions on scrapping the 5-seat bonus and maintaining the 3... the 3 percent threshold remaining in place. If the coalition can get more than 200 votes... votes, the Union of Centrists another 9 and KKE 15, taking the total to 177. Golden Dawn, which has
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Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomyfor a strong economic recovery of 2.5 and 3 percent respectively, while also foresees GDP to grow by 3 percent also in 2019. For 2017, BoG estimates private consumption to increase by 1.3 percent... stabilized at 45.2 percent of total exposures at the end of September. As we noted, BoG published
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Unemployment falls again in August, edging down to 20.6 pct
EconomyMacroeconomy. There was an increase of 6,549 people employed in August compared to the previous month. which brought the total... the total to 984,483. This is 141,342 lower than August 2016 and the first time that the total number... by 17,128. The unemployment rate among women fell by 3 points from last year to 24.9 percent
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingbillion to be reduced in 2019 in order to meet its targets. P&L Net interest income (ΝΙΙ) fell by 3... the total book is priced at 86 bps, down by four basis points compared to the previous quarter. The total... with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingformation has declined. The bank reported that year-on-year, NPEs have been reduced by 3 billion... of the total loan portfolio last December. Write-offs have so far been the main tool in reducing... to a total of 1 billion which the bank aims to sell by October 2018. Towards the end of 2018
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Unemployment edges down to 16.9 pct, below 17 pct for first time since 2011
EconomyMacroeconomy. Year-on-year, the figure for those employed increased by 59,599 or a rise of 1.5 percent. Total... percent). The total inactive population now stands at 3.22 million. The unemployment rate among women fell by 3 percentage points (pps) year-on-year and came to 21 percent. This figure has been
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesof 2020, only a transfer tax of 3 percent will apply to transactions involving these properties... slow. In the first seven months of this year, building permits rose by 4.5 percent. Total permits..., when the total came to 414.7 million euros. For the first half of 2019, the net amount
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBankingaround 700 million euros. In Q3, a total of 1,970 property auctions were noted with 27 percent... at 345.9 million. On an annual basis, NII rose by 3 percent and came to 1.03 billion in Q3. The net... percent percent to 230.3 million QoQ. On an annual basis, the figure increased by 3 percent to 672.1
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBanking, reflecting a fall of 2 percent YoY and 3 percent QoQ. The cost-to-income ratio stood at 51 percent... in mid-July 2018, meaning ECB funding makes up the total current sum. QoQ, the bank reduced its ECB... as of Q3 2019 was 14.4 percent, while pro-forma total capital, including the Tier II issue, came to 15.3
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Finance Ministry grapples with escalating cost of pandemic
Economy, bringing the total bill to around 2.7 billion euros. In an interview on ANT1 on Tuesday morning – before... monthly cost of lockdown measures to “over 3 billion euros”. Staikouras said 67 pct of all retail... the initial estimates to 3 billion euros for the first four months of the year, by adding 500
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