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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingfees mainly from branch network activities, management said. Operating expenses rose by 3 percent... remained a priority. The deal with PIMCO for a 2 billion euro NPE securitsation , marked another
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBanking2019. NBG’s net fee income rose by 3 percent to 120 million on an annual basis in H1. Trading.... Piraeus Bank’s NIII rose by 2 percent to 719 million, while Eurobank’s figure dropped by 3.6
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Trade deficit rises by 6.3 pct in July
EconomyMacroeconomy. Excluding the value of oil products and ships, the trade deficit increased by 2 percent YoY in July... percent rise in imports, offsetting a 3 percent rise in exports. In the first seven months of the year
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Athens strives to bridge fiscal gap before unveiling 2020 draft budget
EconomyProgrammeinclude a growth forecast of between 2 and 3 percent. It may also follow a format used last year
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IMF revises fiscal outlook, sees lower primary surpluses in coming years
EconomyMacroeconomybefore falling from 2.6 to 2.3 percent of GDP between 2020 and 2023 and settling at 2 percent in 2024... to 2022, which is the scheduled agreed commitment horizon, and then it would drop to 3 and 2.8 percent
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Vital economic legislation lined up as ND seeks compromise over diaspora vote
PoliticsGreek Politicspriorities are on the economic policy front over the coming months: 1) Achieving the fiscal targets, 2) Fast adoption of the Hercules plan, 3) Implementing structural reforms included in the development
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Athens hopes IMF prepayment go-ahead aids case for lower fiscal targets
EconomyProgrammeand will improve the country’s debt profile, reducing the debt-to-GDP ratio by 3 percentage points until 2060..., providing a clearer indication of whether New Democracy’s forecast for 2 percent expansion this year
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General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
EconomyMacroeconomyrose by 683 million euros to 35.29 billion euros, a rise of 2 percent YoY. Social contributions.... Expenditure rose by 1.64 billion euros (+3 percent YoY) to stand at 55.43 billion euros. This was driven
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Focus shifts to DSA, fiscal targets after IMF loan prepayment
EconomyProgrammeand interest charges next year, decelerating to 1.44 billion in 2023. Greece was due to repay on December 3... due to the IMF stood in excess of 2 billion euros and was significantly higher than the 1.37
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FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
PoliticsForeign Policywas also connected directly with the announcement of the signing in Athens on January 2... embraced the project and is a member of the so-called "3+1" alliance with Greece, Cyprus and Israel
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