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Credit growth stable at 7.4 pct YoY in March, led by business loans
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Deposits rise by 2.13 bln in March, up to 209.75 bln
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Economic sentiment slides further in April, consumer confidence lowest in four years
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Unemployment rate continues to rise in March, reaching 9 pct
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Building activity starts 2026 strongly with 15.4 pct YoY rise in Jan
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Primary surplus at 4.37 bln up to March thanks to deferred spending, VAT intakes
High energy prices fuel uncertainty on fiscal front
The energy crisis fuelled by the Ukraine conflict will dominate the attention of Finance Ministry officials in the coming months as uncertainty over supplies during the winter has been priced into natural gas prices, which have reached 160 euros/MWh, creating doubts about the cost of the latest energy subsidy scheme.
The new scheme, providing subsidies for electricity bills, was launched this week. It intends to cap retail bills. An amount of 850 million euros has been budgeted until the end of the year. However, the calculations were based on lower wholesale gas pr...
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