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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingutilisation of the ECB’s targeted long-term refinancing operations (TLTRO III) funding. Net loans
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Building permits jump by 62.9 pct in May, from year-earlier lockdown
EconomyMacroeconomy, and volume increased by 57.9 percent. Greece’s construction sector was damaged across the crisis
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Employment balance positive by 24,395 in July on tourism hires
EconomyMacroeconomyThe employment balance was positive with 24,395 more hirings than people leaving their jobs in July, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, the employment balance worsened by 43,516. Total hirings came to 288,893 versus 264,498
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Data for total revenues in Q2 reflects recovery from end of lockdown
EconomyMacroeconomyfor companies that keep double-entry accounting books and quarterly for the economy as a whole. Greece’s
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Primary cash balance deficit at 8.67 bln in July
EconomyMacroeconomyGreece’s central government recorded a primary cash balance deficit of 8.67 billion euros up to July, according to figures released by the Bank of Greece. The cash balance for the same period last year, excluding bond issuance and the financing of the cash buffer, came to a deficit of 8.1 billion
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Travel balance increases by wide margin in June from last year's tourism collapse
EconomyMacroeconomyGreece’s travel balance came to a surplus of 689.4 million euros in June from 38.5 million a year ago, when the pandemic caused a collapse in tourism, Bank of Greece (BoG) data has shown. The balance remained below its June 2019 level, when it came to a surplus of 2.36 billion euros Receipts came
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Economic sentiment rises to 113 points in August, but consumer and retail confidence slide
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 1.8 points month-on-month in August to reach 113 points, European Commission figures showed on Monday. During the month, the Employment Expectations Indicator (EEI) for Greece came to 110.7 points compared to 115 points in the previous month. Compared
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Retail turnover rises by 11.7 pct and volume by 10.8 pct in June
EconomyMacroeconomyGreece’s retail sales index rose by 11.7 percent in June following a revised increase of 14.8 percent in May, Hellenic Statistical Authority data showed on Tuesday. This the third straight increase in the index, following a drop in 12 of the previous 13 months with the retail sector hit hard
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Eurobank profitability accelerates in second quarter, at 190 mln in H1
EconomyBanking, the stock stood at 6.3 billion euros, staying broadly stable YoY. Eurobank’s NPE ratio stood at 14
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Manufacturing PMI up to 59.3 pts amid ongoing concerns over supplier delays, input prices
EconomyMacroeconomyGreece’s manufacturing PMI rose to 59.3 points in August, from 57.4 points in July, signalling the marked improvement in the Greek manufacturing sector, Markit data showed on Wednesday. Markit notes this is the strongest growth since April 2000, supported by expansion in production and new orders
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