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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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Deposits drop by 607 mln in July, led by corporate savings
EconomyMacroeconomyThe net private sector deposits in the Greek banking system shrunk in July with a drop of 607 million euros, after a 3.83-billion-euro jump in June, according to the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in July was 2.7 percent year on year (YoY), from 2.9
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomythat was published in June, Bank of Greece (BoG) sees 2024 growth at 2.2 percent, a slight revision
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Property prices see steady increase of 9.2 pct in Q2, pace of rise moderates further
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece continued at a steady pace in the second quarter of 2024, increasing by 9.2 percent year-on-year (YoY) from an upwards revised 10.6 percent in Q1 2024, Bank of Greece (BoG) data released on Tuesday showed. There has been a gradual slowdown
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Current account hampered by goods deficit in July as travel balance drops YoY
EconomyMacroeconomyGreece’s current account was in a 246.2 million surplus in July, from 270 million euros in June, Bank of Greece (BoG) data showed on Friday. In July 2023, the balance showed a surplus of 846.7 million euros. The Bank of Greece notes that this is mainly due to a deterioration in the balance of goods
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Travel balance drops to 3.76 bln in July as expenditure per trip eases by 9.1 pct YoY
EconomyMacroeconomyGreece's travel balance recorded a surplus of 3.76 billion euros in July, compared to 2.86 billion euros in June, according to data released by the Bank of Greece (BoG) on Monday. July's balance was 5 percent lower than the 3.95 billion euros recorded in July 2023. In July 2022, the balance
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Deposits resume growth in Aug, rising to 195.36 bln
EconomyMacroeconomyThe net private sector deposits in the Greek banking system resumed growth in August with a rise of 1.4 billion euros, after a 607-million-euro drop in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in August was 3.3 percent year on year (YoY
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