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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyratio of 50.5 percent is due to drop to around 34 percent in 2019. In addition, NPLs are estimated... that the NPL ratio is expected to drop by 18 percentage points (pp) from 38 percent in June to 20... for the anticipated drop in bad loans also supported by collateral liquidations, collections and loan sales
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomysimilar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. This was the 17th successive drop leading the Eurosystem funding balance down to 68.49... billion euros, with a cumulative drop of 41.73 billion since June 2015. Around half of this reduction
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Newsletter 101 - 23/12/2016
, respectively. The central bank also projected that the unemployment rate will drop by 1.5 percentage... still point to a drop of 4.2 percent to 13.11 billion. In addition, the corresponding payments rose... Aggregate figures for January-October point to a 42.6 percent drop in the current account surplus
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Newsletter 102 - 13/01/2017
deficit rose by 1.2 percent in November, following a marked drop of 16.1 percent in October, ELSTAT... to 40.1 billion. 2 Unemployment rate eases Slight drop attributed to a decline in the number of jobless... figure indicates the lowest reading in the last 4.5 years. The slight drop is attributed
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Newsletter 106 - 10/02/2017
and transfers by 1.53 and 1.07 billion, respectively. Arrears to the private sector recorded a notable drop... billion in 2009 to 5.82 billion in 2015. The marked drop in operating costs led to efficiency gains... in November from 22.4 percent in the previous month. The upward movement is attributed to a drop
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Newsletter 108 - 24/02/2017
, but reports have suggested that this may drop to around 1.5 percent of GDP, bringing the total down.... The drop in full-year receipts fully reflects a reduction in the average expenditure per trip by 11.3... reflects a significant drop in the services surplus by 1.61 billion and, to a lesser extent
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Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
EconomyMacroeconomy, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank... in March after a similar drop of 1.46 billion in February and settled at 17.31 billion at the end... programme was agreed. Around two thirds of that drop (44.4 billion) relates to lower dependence
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Newsletter 115 - 21/04/2017
to 21.9 percent, from 21.5 percent previously, and expects the jobless rate to drop further to 21... payments, this figure increased by 929 million. The sharp drop in March expenditure led the Q1 figure up... deficit by 189.8 million and a drop in the primary income surplus by 146.1 million, which more than
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General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln
EconomyMacroeconomy, mostly due to a sharp drop in transfers by 1.55 billion to 1.43 billion, while taxes also declined... fell by 573 million to 18.11 billion euros, largely due to a drop in social benefits by 559 million... drop from the previous month fully reflects a decline of 136 million in tax refunds and of 64 million
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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeatures. Employment in the tourism sector grew by 7 percent between 2008-2016 versus the 23 percent drop.... With around 60 percent of these visitors staying in hotels, this rise comfortably offset the drop... conditions of 2015 also led hoteliers in Greece to drop their rates under pressure from travel agencies
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