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Mitsotakis pleads for strong mandate as polls suggest ND heading for landslide win
PoliticsGreek Politicsorder or interior ministries. Economy The opposition leader also touched upon the main elements of New
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Strong travel balance brings current account surplus to 1.83 bln in August
EconomyMacroeconomythe travel surplus up 11.1 percent to 9.24 billion. Financial account Residents’ net external... investment showed a net decrease in residents’ external assets, attributable for the most part to a fall of 4.6 billion euros in the holdings of foreign bonds and T-Bills. At the same time, a net decrease
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Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
EconomyBankingEurobank posted an adjusted net profit of 1.26 billion euros in 2023, compared to a profit of 1.18 billion euros in the previous year, a rise of 6.6 percent. Net profit was 1.14 billion euros vs... was 86.4 percent, up by 10.9 percentage points. P&L Net interest income in 2023 increased by 46.9 percent
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Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
EconomyMacroeconomy. The monthly flow remained subdued for the second straight month with net deductions of 28.7 million euros in December from net additions of 61.7 million in November. The modest negative flow in December reflects household and sole proprietors’ net deductions of 157 and 15 million respectively mitigated
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyis the lowest rate of decline since April 2011. More importantly, the net lending flow stayed positive.... The April figure is the highest reading since June 2012, when net additions stood at 853 million. The positive flow in April is almost entirely attributed to corporate sector net additions of 763
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingPiraeus Bank’s third quarter (Q3) figures revealed net results from continued operations showing a profit of 44 million euros compared to a net profit of 20 million in Q2 2019. This marks a fifth consecutive quarter where net results have landed on a profit rather than loss. Net results overall
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Piraeus Bank reports profits of 559 mln in H1, commissions income strong at 325 mln
EconomyBankingPiraeus Bank posted a net profit of 559 million euros in H1 2025, from 563 million euros in H1 2024. Net interest income (NII) came to 955 million euros in H1, while net fee income was 325 million euros, from 1.05 billion and unchanged respectively in H1 2024. Net trading income was 66 million
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PMI rises to 54.7 in March as first quarter comes to strong end
EconomyMacroeconomyover the 50-mark threshold for close to two years. The latest reading marks a strong close... of growth for Greek manufacturers since October 2001. Strong output was a leading contributor to the rise... orders slowed compared to February, but remained strong. This growth was linked to greater advertising
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Linking of ex-PM with centre-left role highlights inertia, not momentum
PoliticsGreek PoliticsRumours have resurfaced regarding former Prime Minister Kostas Simitis stepping forward to spearhead the revival of Greece’s centre-left but they seem to be a confirmation of the difficulties local social democrats are having rather than any sign that m...
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Newsletter 277 -11/12/2020
PM rebuffs Covid-19 criticism Mitsotakis defends govt stance but is forced to extend some measures until Jan After being forced to extend Covid-19 restrictions into January, Prime Minister Kyriakos Mitsotakis tried to defend this week his, and his gover...
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