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  1. Credit contraction at 0.8 pct in January as household, corporate lending falls
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the outstanding balance falling to 182.83 billion euros from December’s figure of 183.97 billion euros. The net... sum of 33.4 million compared to -9.8 million euros in December. The balance remained under

    3%

  2. General govt primary cash surplus at 1.98 in Jan, arrears fall by 167 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    December at 14.94 billion (4.5 percent). Bank of Greece lending remained unchanged at 2.85 billion..., reversing the increase of 1.47 billion in December. Overall, the stock of guarantees came to 30.60

    3%

  3. Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in December 2017. The monthly movement was driven largely by a fall in Emergency Liquidity... that banknotes in circulation fell by 1.31 billion to 34.56 billion, the lowest total since December 2014. Since

    3%

  4. Industrial turnover makes strong start to year with growth of 12.7 pct in Jan
    Image via www.titan.gr

    EconomyMacroeconomy

    Greece’s industrial turnover shot up by 12.7 percent in January, after December’s figure was softened to -1.9 percent, according to Hellenic Statistical Authority (ELSTAT) data published on Thursday... territory after the decline in December, which represented the second negative reading for 2017

    3%

  5. January current account deficit at 585.8 mln as goods balance worsens
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    Greece’s current account (C/A) balance recorded a deficit of 585.8 million in January, improving from December’s deficit of 1.24 billion, Bank of Greece (BoG) figures showed on Friday. The respective... in December, rising by 133 million euros compared to the figure for the same time last year which stood

    3%

  6. Travel balance rises by 3.4 pct in Jan as expenditure out of sync with arrivals growth
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel receipts rose by 3.4 percent year-on-year in January, reversing a fall of 76.3 percent in December, Bank of Greece (BoG) data revealed on Monday. Receipts came to 153.1 million euros... estimated to rise by 1.2 million or by 4.8 percent to 26 million in 2017. In December, the BoG

    3%

  7. Eurosystem funding drops by 2.80 bln in February, led by ELA reduction

    EconomyMacroeconomy

    fell by 571 million to 33.99 billion, the lowest total since December 2014. Banknotes in circulation... and a rise of 312 million noted in December 2017. Since their record high of 50.48 billion in June 2015

    3%

  8. Retail sales rise by 0.7 pct in Jan, volume up by 1.5 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales rose by 0.7 percent year-on-year in January after December’s increase was revised down to 2 percent, according to data published by the Hellenic Statistical Authority (ELSTAT... increase of 1.7 percent in December, staying positive for a second month. January’s increase

    3%

  9. Less than 10 pct of 99.97 bln overdue taxes deemed collectible by authorities

    EconomyMacroeconomy

    billion considered collectible, 8.4 billion are new debts from December 2016 to November 2017... of December 2012 up to the start of January 2018. The majority of overdue tax (45.4 percent) relates

    3%

  10. Concerns raised about next year's pensions cuts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    . The average main pension stood at 722.26 euros in December 2017, slightly up from the figure of 722.03 euros in December 2016. The latest wave of pension cuts is due to come into force from the start

    3%