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Business loans drive 7.7% YoY credit growth in June
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Corporate inflows in June push deposits to highest point since April 2010
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VAT and underspend drive budget outperformance in first six months
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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
Revenues continue beating targets in May, tight rein on spending remains
The budget primary balance ran a surplus of 5.35 billion euros up tp May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
The primary balance came in at 4.3 billion euros above the target.
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