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  1. Eurobank remains profitable with net profits of 46.2 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    Eurobank remained profitable for the second straight quarter, albeit with lower net profits of 46.2 million in the second quarter (Q2) of 2016 from 60.2 million in the previous quarter. Results include one off gains related to the Visa transaction and sale of EFSF bonds and the negative impact from

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  2. Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead

    Agora

    The four core Greek banks released their second quarter (Q2) results in the last two days of August, which showed improving trends in core revenues as well as encouraging signs on the loan quality... issue of asset quality, Piraeus recorded a negative non-performing loan (NPL) formation for the second

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  3. Car sales rise at a slower pace of 14.1 pct in Aug

    EconomyMacroeconomy

    numbers, car sales reached 8,035 in August, which is the second lowest figure so far this year, after... month. The absolute figure landed at 6,350 in August, which also represents the second lowest

    17%

  4. Turnover in tourism sector edges down 1.1 pct in Q2

    EconomyMacroeconomy

    The Turnover Index in Accommodation and Food Services slipped again in the second quarter (Q2) of 2016, albeit at the notably slower pace of 1.1 percent from a downward revised drop of 11.2 percent... in the second half of the year.

    17%

  5. Budget primary surplus of 3.8 bln to Aug beats target by wide margin

    EconomyMacroeconomy

    this year. Compared to the target, August revenues fell short for the second successive month by 63... ENFIA instalment of 738 million euros, the second bi-monthly instalment of personal income tax worth

    17%

  6. A market for NPL resolution

    Agora

    When the largest Greek banks (in terms of assets) published their second quarter results a fortnight ago, much investor attention was focused on the formation and breakdown of non-performing exposure... and Eurobank rose in the second quarter. The attention given to the NPE asset class is linked to recent

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  7. New overdue taxes climb 1.4 bln in Aug, total stock edges up to 91.6 bln

    EconomyMacroeconomy

    Greece’s new tax debt climbed to 1.37 billion euros in August from 811 million in July, General Secretariat of Public Revenues (GSPR) data shows. The August headline figure represents the second... within August. It is worth noting that the second bi-monthly instalment of the personal income tax

    17%

  8. Opinion polls sound warning for SYRIZA ahead of party congress
    SYRIZA

    PoliticsGreek Politics

    to follow. The second poll, conducted by the University of Macedonia for Skai TV, shows New... of the second review with the institutions, which would lead to the securing of short-term debt

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  9. General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln

    EconomyMacroeconomy

    budget is now the second key contributor to the overall gg primary balance after extrabudgetary... (including tax refund arrears) decreased for the second straight month by 629 million in August

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  10. SYRIZA seeks to renew appeal, worries about home repossessions
    Photo by MacroPolis

    PoliticsGreek Politics

    out of the crisis over the coming months (second programme review, short-term debt relief... ahead of the start of the second programme review next week. Speaking to Real FM on Thursday morning

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