Economy

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Photo by MacroPolis Deposits rise by 2.53 bln in October

Net deposit movements in the Greek banking system were positive by 2.53 billion euros in October, up from inflows of 1.16 billion euros in September, Bank of Greece (BoG) figures revealed on Thursday.

Photo by Panayotis Tzamaros/Fosphotos Budget primary confirmed at deficit of 9.07 bln in October

The budget primary balance recorded a deficit of 9.07 billion euros in the first ten months of 2020, compared to a surplus of 5.74 billion noted in October 2019, the final Finance Ministry (MoF) budget execution bulletin for October showed on Wednesday.

Photo via https://flic.kr/p/4YVJXw Many obstacles to clear in Greece's digital leap

By: Georgia Nakou

Announcing the establishment by Microsoft of a regional cloud computing hub in Greece, Prime Minister Kyriakos Mitsotakis said that his government was focussing on “the digital transformation of government and the economy” as a critical step in achieving “Greece’s leap into the future, placing Greeks among the winners of the 4th industrial revolution”.

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