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Travel balance more than double in Feb as arrivals increase by 24.6 pct
EconomyMacroeconomyGreece’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. This is equal to an increase of 120.3 percent year-on-year (YoY). Receipts came to 240.4 million euros for the month, incre...
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Car sales almost double in March from level at start of pandemic
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 98.5 percent in March compared to a drop of 16.4 percent in February, Hellenic Statistical Authority (ELSTAT) data showed. In March 2020, the year-on-year change showed a drop of 49 p...
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First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
EconomyGreece stepped into the international markets on Wednesday with an inaugural 10-year benchmark, rolling out its 12-billion-euro debt strategy of 2022. Greece issued a 10-year benchmark of 3 billion euros, with a coupon of 1.75 pct and a final reoffer yi...
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Travel receipts more than double in 2021, arrivals at 47 pct of 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 64 million euros in December, from a surplus of 173.8 million euros in November, according to Bank of Greece (BoG) data released on Tuesday. Aside from being significantly higher than the 2.2 million euros r...
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Reopening of 10-year bond issued in Jan sees yield double to 3.67 pct
EconomyGreece’s debt managers continue to take cautious steps in the sovereign bond market after having to readjust their borrowing strategy following the uncertainty caused by the Ukraine conflict and the turbulence in the markets, which pushed the 10-year be...
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Travel receipts almost double, but current account deficit rises by 78 pct in 9M
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 811.4 million euros in September, from a surplus of 449.1 million euros in August, Bank of Greece (BoG) data showed on Monday. In September 2021, the balance showed a deficit of 296.3 million euros, while...
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Arrivals nearly double year-on-year in 10M, travel receipts exceed 17 bln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.31 billion euros in October, from 2.67 billion euros in September, according to Bank of Greece (BoG) data released on Thursday. October’s balance was higher than the 1.13 billion euros registered in Octobe...
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Strong demand for 30-year benchmark bond, yield of 4.24 pct double 2021 rate
EconomyGreece’s debt managers leveraged the positive sentiment after S&P’s revision of the outlook for Greek Government Bonds (GGB) to positive last Friday and issued a new 30-year bond on Wednesday, the longest maturity since the same issuance in early 2021. ...
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OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
EconomyMacroeconomyarea’s GDP is expected to contract by 9.1 percent. Under a double-hit scenario, the contraction... to 19.4 percent in the single-hit scenario and to 19.6 percent in the double-hit scenario. Under both... as high as 20.4 percent under a double-hit scenario. Private consumption is expected to fall by 8
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OECD forecasts unemployment increase into 2021
EconomyFeaturespercent next year. Under a double-hit scenario, which envisions a second wave of coronavirus hitting... points (pps) in 2020 and 0.4 pps next year. Under the double hit scenario, the unemployment rate... hit scenario before growing by 4.5 percent next year. The double hit scenario sees GDP growth
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