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Property prices continue on upward trajectory with 8.6 pct rise in Q1
EconomyMacroeconomyThe rise in the nominal value of apartments in Greece slowed slightly to 8.6 percent year-on-year in Q1 of this year, from an upwards revised 9.5 percent in the last quarter of 2021, Bank of Greece (BoG) data released on Tuesday showed. Q4 2021 saw the highest annual increase in property prices
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As restrictions drop away, Apr travel balance beats even pre-Covid levels
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 432.1 million euros in April, from 77 million euros in March, according to Bank of Greece (BoG) data released on Tuesday. April’s balance was significantly higher than the 3.2 million euros registered in April 2021, it is also higher than the 4.9
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Deposit rise of 1.3 bln in May led by corporates as household savings drop
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in May stayed positive at 1.31 billion euros, from 1.35 billion euros in April, and negative movement of 989 million seen in March, based on Bank of Greece (BoG) figures released on Wednesday. The latest two months reversed
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Credit growth accelerates to 3.2 pct in May, led by loans to businesses
EconomyMacroeconomyCredit movement in the Greek private sector was steady at 3.2 percent year-on-year (YoY) in May, from 2.8 percent in April, and 1.6 percent in March, Bank of Greece (BoG) figures released on Wednesday showed. The growth in credit expansion had remained broadly stable after reaching a peak of 3.7
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Jan-May travel balance of 1.78 bln beats same period in 2019
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.19 billion euros in May, accelerating from the 432.1 million euros in April, according to Bank of Greece (BoG) data released on Friday. May’s balance was significantly higher than the 144.7 million euros registered in May 2021. It was also higher than
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Led by lending to corporations, June credit growth of 4.5 pct is highest in a decade
EconomyMacroeconomyCredit movement in the Greek private sector picked up pace in June, rising by 4.5 percent year-on-year (YoY), from 3.3 percent in May, and 2.8 percent in April, Bank of Greece (BoG) figures released on Wednesday showed. The growth in credit expansion had remained broadly stable after reaching
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Deposits rise to highest level since end-2011 as corporates grow by 10 pct in June
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in June jumped by 2.72 billion euros, from 1.31 billion euros in May, and 1.35 billion euros in April, based on Bank of Greece (BoG) figures released on Wednesday. The latest three months reversed the negative movements during
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Travel balance of 4.19 bln in H1 beats 2019 as tourism sector leaves pandemic behind
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.42 billion euros in June, from 1.19 billion euros in May, according to Bank of Greece (BoG) data released on Monday. June’s balance was significantly higher than the 705.5 million euros registered in June 2021. It was also higher than the 38.5 million
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Growth in private sector deposits slows to 483 mln in July as corporate deposits drop
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in July slowed down to the lowest since April, rising by 483 million euros, from a jump of 2.72 billion euros in June, and 1.31 billion euros in May, based on Bank of Greece (BoG) figures released on Friday. The latest four months
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Corporate lending leads credit to 5.5 pct growth in Jul, highest since Sep 2009
EconomyMacroeconomyCredit movement in the Greek private sector gathered more pace in July, rising by 5.5 percent year-on-year (YoY) from a 4.5 percent rise in June, and 3.3 percent in May, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion had remained broadly stable after reaching
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