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Newsletter 75 - 27/05/2016
company OTE and Hellenic Petroleum. On the bank front, Piraeus posted on Wednesday a net loss of 37 million for the first-quarter (Q1). It is worth highlighting the quarter-on-quarter (QoQ) rebound in net... for the first time since 2008. Ethniki (NBG) released its Q1 results on Thursday, with net profit at 87 million
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Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln
EconomyMacroeconomy, Bank of Greece (BoG) figures displayed on Monday. Net deductions increased to 357 million euros... moderate at 68 million. The year-to-date net deductions stand at 1.46 billion in the 5-month period... million. Since the beginning of 2011, when Greek bank credit turned negative, cumulative net
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Technical MoU provides more detail on fiscal brake, arrears and privatisations
EconomyProgrammemechanism adopted recently, the technical MoU clarifies that, in case it is activated, the net fiscal..., net of EU transfers to the Greek budget for migration-related costs, are excluded from... that the government has cleared net arrears for an amount equivalent to 80 percent of the previous disbursement
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HELEX H1 2016 results show continuing drop in profits
Economythat the net profits of the group came to 3.2 million euros compared to 5.4 million euros in H1 2016... half results could be gauged from the group’s Q1 2016 results, where net profits fell by 54 percent, fuelled by Greece’s rocky economic outlook. Annual results for 2015 showed a fall in net
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Greek stocks drop 1.5 pct during week, banks post losses of 7.7 pct
Economyon the sidelines. Corporate news Piraeus Port Authority (OLP) posted net profits of 1.6 million... Power Company (PPC) net profits fell to 57.1 million in H1 from 105.6 million last year, with turnover... (EYDAP) said H1 net profits edged up 1.5 percent to 17.3 million reflecting a rise in turnover by 1.8
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Greek stocks rise for third consecutive week as trading increases
Economylevel since the last week of June, from 50 million in the previous week. Corporate news OPAP’s net... showed net profits more than doubling to 76.1 million in Q3, while gross profits also notable improved..., while EBITDA fell to 113.7 million from 125.7 million a year ago. NBG turned profitable in Q3 with net
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Newsletter 98 - 02/12/2016
, with net deductions falling to 308 million in October from 355 million in the previous month. The negative lending flow reflects net deductions of 184 and 88 million in the household and corporate sectors, respectively. Overall, net deductions stood at 3.17 billion in the 10-month period, 4 percent
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Greek stocks fall 1.5 pct on week, banks edge up 0.6 pct
Economynet profits to 1.9 million from 5.6 million a year ago on the back of a 10.8 percent decline in its turnover to 20.6 million, while EBITDA fell by 16.6 percent to 7 million. Folli-Follie’s net profits... in the third-quarter (Q3) with net profits of 41.1 million from losses of 16.8 million in Q2
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Newsletter 99 - 09/12/2016
the beginning of the year. Overall, net revenues beat the target by 70 million in November and by 2.44... be mindful of the following: the decision will be characterised by the Fund becoming a net extractor, not a net contributor, of financial assistance to Greece. Put otherwise, the amount made
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Newsletter 109 - 03/03/2017
controls at the end of June 2015. Specifically, the net inflow of banknotes to the domestic banking system... largely stemmed from non-financial corporations, which recorded a net positive flow of 5.2 billion. 2... remained steadily in negative territory since the beginning of 2011, with cumulative net deductions
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