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EconomyMacroeconomy
Travel balance more than double in Feb as arrivals increase by 24.6 pct Greece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown.
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EconomyMacroeconomy
Current account shows deficit of 1.14 bln in February Greece’s current account (C/A) balance posted a deficit of 1.14 billion euros in February compared to a deficit of 1.29 billion in January, Bank of Greece (BoG) data showed on Tuesday.
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EconomyMacroeconomy
Primary cash balance deficit at 326 mln in March Greece’s central government primary cash balance recorded a deficit of 326 billion euros in the first three months of the year according to figures released by the Bank of Greece (BoG).
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EconomyMacroeconomy
Overall loan interest drop to 4.30 pct in February The overall weighted average interest rate on all new loans to households and non-financial corporations rose by 6 percentage points to 4.30 percent in February from 4.36 percent in January, data from the Bank of Greece (BoG) showed on Wednesday.
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EconomyMacroeconomy
Credit contraction at 0.7 pct in Feb, balance at 153.74 bln Credit contraction in the Greek market came to 0.7 percent in February, slightly deepening from a contraction of 0.6 percent in January, Bank of Greece (BoG) figures showed on Thursday.
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EconomyMacroeconomy
Deposits rise by 1.06 bln in Feb Net deposit movements in the Greek banking system were positive by 1.06 billion euros in February, following outflows of 2.16 billion in January, Bank of Greece (BoG) figures revealed on Thursday.
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EconomyFeatures
Tourism industry braces for outcome of gloomy Covid-19 scenarios As the impact from the coronavirus spreads across Europe, the consequences are already being felt across Greece’s vital tourism sector with fears growing that the summer season could be lost.
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EconomyMacroeconomy
Travel balance surplus up by 27 pct in January to 80.2 mln Greece’s travel balance rose to a surplus of 80.2 million euros in January according to Bank of Greece (BoG) data released on Monday, representing a rise of 27 percent year-on-year (YoY).
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Economy
BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects The Bank of Greece (BoG) published on Friday the governor’s annual report for 2019, which – understandably – is dominated by the impact of Covid-19 on the Greek economy, leading to the central bank revising its forecasts for the economy in 2020, when it expects no growth at all.
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EconomyMacroeconomy
Current account shows deficit of 1.29 bln in January Greece’s current account (C/A) balance posted a deficit of 1.29 billion euros in January, from a deficit of 540.3 million in December, according to Bank of Greece (BoG) data released on Friday.