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Industrial output falls 3.4 pct y/y in February

Greek industrial output declined 3.4 percent in February compared to the same month last year, after an upwardly revised 1.0 percent fall in January, data from statistics service ELSTAT showed on Thursday.

Looking at index components, manufacturing production fell 2.1 percent from the same month in 2019, with water output down 1.1 percent.

WHO says Europe’s coronavirus outbreak still ‘very concerning’ despite progress

The World Health Organization's regional director described the outbreak of coronavirus in Europe as "very concerning" on Wednesday and urged governments to give "very careful consideration" before relaxing measures to control its spread.

Ukraine's Privatbank issues $5.5 billion claim in Cyprus against ex-owners

Ukraine's largest lender, state-run PrivatBank, said on Friday that it had filed a new $5.5 billion claim in the Cypriot courts against its former owners.
The bank said in a statement that it was seeking damages in respect of schemes bearing all the hallmarks of fraud and money laundering which the bank alleges were perpetrated by ex-shareholders.

NATO welcomes North Macedonia as 30th ally

NATO foreign ministers welcomed North Macedonia as the alliance's newest member on Thursday, ending a long process that included a change to the country's name.

"We welcome North Macedonia as NATO's 30th ally," NATO foreign ministers said in a statement following a video conference, which North Macedonia's minister was part of as a full member.

Greece bids farewell to WWII resistance icon

A pallbearer, wearing a protective face mask and gloves, carries a cross and a photo of late World War Two Greek resistance hero and politician Manolis Glezos, during his funeral attended only by few people as a precaution against the spread of coronavirus disease (COVID-19) in Athens, Wednesday. Glezos died of heart failure at the age of 97. [Reuters]

Greek January retail sales rise 8.4 pct, led by furniture, appliances

Greek retail sales by volume rose 8.4 percent in January compared to the same month a year earlier after an upwardly revised 0.6 percent increase in December, statistics service ELSTAT said on Tuesday.
Retail sales were led higher by furniture, electrical appliances, apparel, footwear, cosmetics and pharmaceuticals, the data showed.

Piraeus Bank sees 2019 profits grow

Piraeus Bank grew full-year 2019 net profit, helped by lower operating costs and higher net interest income, Greece's largest lender by assets said on Monday.
Piraeus Bank, which is 26.2 percent owned by the country's HFSF bank rescue fund, reported a net profit of 270 million euros after net earnings of 185 million in 2018.

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