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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammedetails a series of reforms that are expected to have a minimum net fiscal impact of 3.54 billion (1.9 percent of GDP). This stems from net fiscal revenues of 4.68 billion (2.6 percent of GDP) and net... outcome, the MoF expects the net fiscal impact could reach 4.96 billion (2.7 percent of GDP) fully
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBanking, which is slightly lower than that recorded in Q2 (293.9 million) and Q1 (296 million). Net interest.... As a result, Alpha recorded a net loss of 1.14 billion euros in Q2 from 116 million in Q1, yet the bottom-line result for Q3 was positive with a net profit of 413.6 million, due to the much lower loan
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Credit contraction further accelerates to 2.2 pct in November
EconomyMacroeconomy2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday. The net lending flow... corporate lending slipped to 96.54 billion in November. Net deductions eased to 176 million... with the net lending flow remaining at extremely low levels. Net deductions stood at 25 million
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Current account deficit at 1.22 bln in Nov, down 18.6 pct
EconomyMacroeconomypercent, with exports recording a double-digit drop of 11.3 percent. The BoG said that the net oil... attributed to lower net transport receipts, while travel receipts posted a marked rise of 16 percent... in the 11-month period is attributed to lower net transport receipts. In contrast, travel receipts grew
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomyimports decreased by 5 percent. The decline in the services’ surplus is primarily attributed to lower net...’ surplus by 6.9 percent in 2015 is attributed to lower net transport receipts amid capital controls... in 2015. The financial account under direct investment recorded a net rise by 154 million in December
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingEurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss..., the bank posted net loss of 1.18 billion euros from 1.22 billion in 2014. Pre-provision income (PPI... performance, with net interest income (NII) improving 4.3 percent QoQ to 375.3 million. The NII growth mainly
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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomyin net sea transport receipts by almost 40 percent. Travel receipts grew by 8.3 percent to 220.6.... The nosedive in the services’ surplus by around 44 percent is primarily due to a drop in net transport... reflects lower net interest, dividend, profit and wages payments. Financial account The financial
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Newsletter 110 - 10/03/2017
, with net hirings soaring to 24,938 from 14,437 last year, data from the Labour Ministry’s Ergani... in February. The aggregate figures for the two-month period showed net departures of 4,879 this year compared to net hirings of 4,483 in the corresponding period last year. The negative employment
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Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
Economyin the previous week. Corporate news Hellenic Exchanges net profits slumped 76.5 percent to 0.4 million... reduced by 77 percent to 0.6 million. Grivalia Properties net profits grew by 10 percent to 11.7 million... Q1 results showed net losses worsened by 67 percent to 35.8 million, while revenues rose by 3
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Newsletter 121 - 02/06/2017
to 600 million euros. When deducting the corresponding VAT, the net proceeds for Greece’s... April 2011. More importantly, the net lending flow stayed positive for the second straight month... reading since June 2012, when net additions stood at 853 million. The positive flow in April
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