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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicsfew days. Centre-left Movement for Change (KINAL) gained 7.1 percent (2 MEPs), the Communist Party (KKE) 5.7 percent (2 MEPs) and Golden Dawn 4.8 percent (2 MEPs). Beyond the considerable winning
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingstaying negative for a tenth quarter. A very slight increase in NPE formation of 2 million euros... and 2021. Reductions in 2019 are expected to come from the sale of the Pillar portfolio (2 billion... by the bank for the Pillar portfolio of residential mortgage NPEs worth roughly 2 billion euros. Non
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingeuros, representing a rise of 2 percent year-on-year (YoY). Asset quality NPEs fell by around 500... and 2 percent YoY. Management noted that 2 billion euros in new loans that were disbursed in the final
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Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Economywith a guidance of 2 percent. The book continued to attract strong interest and closed just before lunch... and a yield of 3.6 percent. The new issue matures on April 2, 2024. The January issue was met... 2010. Greece raised 2.5 billion euros via this issuance, surpassing the initial target of 2 billion
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Newsletter 215 -19/07/2019
to announce 2 billion euros of spending cuts and savings to counterbalance the 6 billion euros in tax... (IoIs) exceeding 10.5 billion euros, before the book officially opening with a guidance of 2 percent... year. 2 Budget primary surplus at 382 mln Primary balance for June comes to a deficit of 534 million
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GDP rises by 0.8 pct QoQ in Q2, increases by 1.9 pct YoY
EconomyMacroeconomythat in June, international arrivals by air rose by 2 percent. In the aggregate period, arrivals rose by 4.4... compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter... for next year is seen at 2 percent, from 2.1 percent in the previous outlook.
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
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Newsletter 222 -04/10/2019
Thomas Cook for 1, 2 and 3 star hotels came to an average of 48 percent of overall turnover... to face losing 69 percent of their turnover in 2020, while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39, 33 and 26 percent, respectively. 2 Loan interest
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
EconomyProgramme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2...’s macroeconomic assumptions. According to the council, the 2 percent growth projection for 2019... in 2020, the OECD has its estimate at 2 percent and the IMF expects 2.2 percent growth. The council
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Plans for Hellinikon development set out, emphasis on real estate revenues
EconomyFeatures, will be carried out in phases. The first phase is budgeted at 2 billion euros, almost double the original plan... of the coastal front. Of the 2 billion euros for the first phase, 850 million euros will come from... is budgeted at 2 billion euros. Overall, five multistorey buildings of 200 metres and 10 landmarks
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