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Travel balance rises to 1.79 bln in in first four months as arrivals increase by 20 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 571.2 million euros in April, compared to 136.6 million euros in March, according to data released by the Bank of Greece (BoG) on Friday. April's balance was 20.3 percent higher than the 474.6 million euros recorded in April 2023. In April 2022
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Credit expansion reaches just 66 mln of inflows in May
EconomyMacroeconomyThe credit expansion in the Greek private sector was little changed in May, rising by 4.8 percent year-on-year (YoY), from 4.5 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by just 66 million euros after a negative
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Corporations lead way as deposits rise by 303 mln in May
EconomyMacroeconomyThe net private sector deposits in the Greek banking system slowed in May with a rise of 303 million euros, after a 384-million-euro rise in April, based on the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in May was 2.5 percent year on year (YoY), from 2.8 percent
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Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday. In May 2023, the balance showed a deficit of 1.63 billion euros. The Bank of Greece notes that this is mainly due to a deterioration in the balance
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Receipts and arrivals rise in May, but spending per trip down by 12.2 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.65 billion euros in May, compared to 571.2 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday. May's balance was 2.7 percent higher than the 1.61 billion euros recorded in May 2023. In May 2022, the balance
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Loans to businesses propel credit expansion of 6.1 pct YoY in June
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up pace in June, rising by 6.1 percent year-on-year (YoY), from 4.8 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 3.31 billion euros after a movement of just 66
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Business deposits at forefront of June's 3.83 bln rise in savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system shot up in June with a rise of 3.83 billion euros, after a 303-million-euro rise in May, based on the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in June was 2.9 percent year on year (YoY), from 2.5 percent
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Current account balance turns positive in June thanks to improved services surplus
EconomyMacroeconomyGreece’s current account turned to a 270 million surplus in June, from 2.35 billion euros in May, Bank of Greece (BoG) data showed on Tuesday. In June 2023, the balance showed a deficit of 731.5 million euros. The Bank of Greece notes that this is mainly due to an improvement in the primary income
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Tourist arrivals up by 15.5 pct in H1, average spend down by 3.1 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 2.86 billion euros in June, compared to 1.65 billion euros in May, according to data released by the Bank of Greece (BoG) on Wednesday. June's balance was 6.8 percent higher than the 2.68 billion euros recorded in June 2023. In June 2022, the balance
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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 negative by 1.14 billion euros after positive
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