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Kathimerini English Edition National Bank (NBG) reported an expected drop in nine-month net profit to just over 1 billion euros yesterday, with earnings weighed down by money put aside in anticipation of loan losses, a trend it sees improving this quarter.
Tags: BUSINESS & FINANCE NBG, billion euros, million euros, Bulgaria, Sofia, National Bank of Greece, Business Finance
Although the cost of borrowing may go up over the next few months, the new government has a window of opportunity for resolving an important policy dilemma and to reign in the country�s spiraling public debt. What happened to the Greek public debt in...
Tags: budget deficit, public debt, Greek, credibility medium, government bonds, billion euros, term plan, local banks, ECB, debt dynamics, Greece, Athens, Debt-to-GDP ratio, United States public debt, Economic history of Turkey, Public finance, Government debt, Deficit, Business Finance
The current account gap contracted by 25.3 percent or 6.2 billion euros in the first nine months of the year to 18.3 billion, about 7.32 percent of gross domestic product, data showed. The services balance showed travel spending by nonresidents was down...
Tags: current account, account gap, deficit narrowed, billion euros, Greece, Athens, Euro, Balance of trade, Business Finance
Katseli says 10 billion euros will give boost to economy; investments in the last 3 years disappointingly low The government plans to pour just over 10 billion euros into public investments next year by stepping up efforts to absorb European Union funds...
Tags: billion euros, Louka Katseli, public investments, Belgium, Brussels, Politics, Competitiveness, International trade, Business Finance
Allied Irish Banks said Wednesday that it is expecting to generate an underlying operating profit of around 2 billion euros ($2.97 billion) in 2009 before the impact of bad debt provisions. The bank also lifted its forecast for bad debt charges for the...
Tags: bad debt, billion euros, New York, Financial services in the Republic of Ireland, Allied Irish Banks, Business Finance
France might plough up to 4 billion euros ($6 billion) into high-technology projects through its national loan programme, with the largest chunk going to subsidise construction of high-speed broadband telecoms networks in smaller cities and rural areas,...
Tags: France Telecom, fibre networks, billion euros, fibre investments, loan programme, national loan, France, Paris, Neuf Cegetel, France Tᅢᄅlᅢᄅcom, ONO, Communications in Australia, Business Finance
If you look at what has been happening in the world in the last twelve months you see an enormous movement which allowed the climate agenda to be brought to the front of the political agenda in many countries.� You have seen it in the EU...From the Bush...
Tags: Copenhagen, Denmark, having seen, billion euros, Environmental economics, Economics of global warming, United Nations Climate Change Conference, Carbon finance, Diplomatic conferences, Climate change, Global warming
French arms export will reach seven billion euros in 2009, the nation's top defense procurement officer said on Saturday. Laurent Collet-Billon, head of the General Delegation for Ordnance (DGA), the government procurement agency, told French daily...
Tags: arms export, Rafale, France, billion euros, rafale jets, Paris, Dassault Rafale, Politics, Canard aircraft, Jet aircraft, Carrier-based aircraft
ThyssenKrupp AG , the German steel and industrial group, said Friday it swung to a full-year loss for fiscal year 2009 of 2.36 billion euros ($3.5 billion) compared with a profit of 3.13 billion euros in the same period a year ago. The loss mostly resulted...
Tags: billion euros, Germany, Frankfurt, Essen, Krupp, ThyssenKrupp, Business Finance
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Tags: million euros, net profit, quarter net, billion euros, Petrom, profit fell, OMV, UniCredit, Henkel