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Credit flow turns negative in July with outflow for corporations at 1 bln
EconomyMacroeconomyThe credit expansion in the Greek private sector kept up its recent pace in July, rising by 6.4 percent year-on-year (YoY), from 6.1 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed. The net lending flow was negat...
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Here's why IOBE think tank sees Greek economy growing 0.7 pct this year
Economyreleased before three months. Private consumption is seen growing by 0.5 to 1 percent (from -2... to around 2 percent in 2014 (from -3 percent before), in line with official estimates, on the back... retreating this year by 2 to 3 percent (from a previous estimate that they would rise by 5 to 8 percent), yet
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General government primary cash surplus widens notably to 5.14 bln at end of Nov
EconomyMacroeconomyperiod. The government has initially indicated that a part of the last two sub-tranches of 2 and 1... loans by 2.18 billion largely due to the payment of the last sub-tranche of 2 billion. All the other... redemptions of 6.7 billion, increase in repos by 1.4 billion and a net decrease of around 2 billion
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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek PoliticsGreek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal... been legislated. The coalition still faces a vote on another 1 percent in GDP in other measures... worsening liquidity conditions over the next weeks – an extra 2 percent of GDP in standby fiscal
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Overall loan interest rate edges up to 4.68 pct in August
EconomyMacroeconomyweighted average interest rate on all existing loans stood at 4.09 percent, down by 2 bps while... loans and overdrafts, dropped by 2 bps to 14.32 percent. The average interest rate on consumer loans with a defined maturity at a floating rate fell by 2 bps to 10.39 percent. In addition, the average
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Newsletter 285 - 19/02/2021
that the firms must employ at least five people and they they must spend at least 1 million euros a year... nomad/brain drain initiative is still under preparation, according to Kathimerini 2 CPI falls by 2... for the last 10 months. Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY
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Newsletter 416 - 15/03/2024
authorities. Even the lower growth rate of 2 pct last year puts Greece well ahead of the eurozone and EU... certainly live with a growth rate in the region of 2 pct for 2023. The area that the Greek authorities... in a reduction in the policy rate of more than 1 percentage point. The government will have to deal
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
EconomyMacroeconomytaken H1 growth to just under 2 percent, which suggests stronger growth will be needed in H2... by 0.8 percent and services were down by 2 percent. Compared to Q2 2024, final consumption increased by 1 percent YoY, while investments rose by 6.5 percent. Exports increased by 1.9 percent year
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Tsipras confirms Parliament will probe contentious Novartis bribery claims
PoliticsGreek Politicsin the pharmaceutical sector cost Greece a total of 23 billion euros between 2000 and 2010, although it has.... The committee will have 21 members (10 SYRIZA, 5 New Democracy, 1 PASOK, 1 Golden Dawn, 1 KKE, 1 ANEL, 1 Union of Centrists & 1 To Potami), with the governing coalition being represented by 11 MPs, who
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyfiscal change this year of almost 1 billion YoY. This sector has had the worst fiscal performance so... of total arrears. These two gg entities also recorded the highest rise in arrears year to date at 300... budget arrears increased by a modest 9 million MoM to 144 million (3.7 percent of total), while
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