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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
General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
Greece’s general government (gg) primary cash surplus expanded by 1.33 billion to 3.9 billion in the 8-month period of 2016 from 2.56 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Wednesday.
The notable improvement largely reflects a marked rise in the extrabudgetary funds’ surplus by 1.88 billion to 2.41 billion, while social security funds balance turned to a surplus of 614 million from deficit of 637 million a year ago. In addition, loca...
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