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July travel surplus of 2.14 bln affirms comeback for tourism sector
EconomyMacroeconomyGreece’s travel balance came to a surplus of 2.14 billion euros in July, from 610.2 million a year ago, when the tourism sector made the first tentative steps after the pandemic outbreak, according to Bank of Greece (BoG) data released on Tuesday. Despite the impressive annual recovery, the balance
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Deposits rise by 1.48 bln in Aug as year to date increase exceeds 10 bln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system continued to rise in August, increasing by 1.48 billion euros, from 1.84 billion euros in July, based on Bank of Greece (BoG) figures released on Monday. The outstanding balance of private sector deposits increased to 173.24
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Credit growth slows to 0.8 pct in Aug, lowest for 2021
EconomyMacroeconomyCredit movement in the Greek private sector increased by an annual 0.8 percent in August, from 1.2 percent in July, Bank of Greece (BoG) figures showed on Monday. This is the slowest credit expansion growth since last summer. The net lending flow was negative by 337 million, from a negative flow
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More lost ground made up in Aug as travel surplus nears 3 bln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.97 billion euros in August, from 1.32 billion euros a year ago, when the tourism sector rounded off a rather tentative peak season due to the pandemic outbreak, according to Bank of Greece (BoG) data released on Friday. Although performance more than
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Credit expansion slows to 0.7 pct in Sep as loans to enterprises lead way
EconomyMacroeconomyCredit movement in the Greek private sector increased by 0.7 percent year-on-year (YoY) in September, from 0.8 percent in August, according to Bank of Greece (BoG) figures released on Wednesday. The growth in credit expansion continues to slow after reaching a peak of 3.7 pct growth this February
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Deposits rise by 443 mln in Sep, but flow drops significantly
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system decelerated in September to 443 million euros, after an increase of 1.48 billion euros seen in August, based on Bank of Greece (BoG) figures released on Wednesday. The annual growth remained broadly stable at 13.3 pct in September
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Travel receipts of 2.18 bln in Sep as arrivals pick up and spending per trip increases
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.06 billion euros in September, from 815.6 million euros a year ago, according to Bank of Greece (BoG) data released on Monday. Although the performance more than doubled, the balance is well below the 2.67 billion euros seen in September 2019. However
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Apartment prices rise 7.9 pct in Q3, continuing upward trend
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece accelerated to 7.9 percent year-on-year (YoY) in the third quarter, from an upwards revised 6.2 pct in the second quarter, Bank of Greece (BoG) data released on Tuesday showed. The annual 7.9 rise is the second highest since the 8.2 pct noted
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Credit growth stable at 0.9 pct in Oct, led by lending to corporates
EconomyMacroeconomyCredit movement in the Greek private sector increased by 0.9 percent year-on-year (YoY) in October, from a revised 0.8 percent in September and 0.8 percent in August, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion has remained broadly stable after reaching
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Deposits growth slows to just 11 mln in Oct
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system remained broadly stable in October, rising by just 11 million, from 441 million euros in September and an increase of 1.48 billion euros seen in August, based on Bank of Greece (BoG) figures released on Friday. The annual growth
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