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Fuelled by drop in corporate deposits, Nov outflow at 904 mln
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted strongly in November, with a 904-million-euro outflow, after a negative movement of 2.14 billion euros in October, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in October was 2.4
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Nov current account deficit widens to 3.3 bln, 11M falls below 12 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.3 billion euros in November, from a deficit of 1.45 billion euros in October, Bank of Greece (BoG) data showed on Friday. In November 2022, the balance showed a deficit of 3.91 billion euros, while in November 2021 the current account posted
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Close to 32 mln visitors by Nov as 11-month travel receipts set record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 206.2 million euros in November, from 1.5 billion euros in October, according to Bank of Greece (BoG) data released on Monday. November’s balance was 3.9 percent higher than the 198.5 million euros registered in November 2022. The balance in November
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Credit growth accelerates to 3.6 pct in Dec, led by loans to corporations
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly picked up pace in December, rising by 3.6 percent year-on-year (YoY), up from 2.8 percent in November, Bank of Greece (BoG) figures released on Friday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009
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Seasonal factors lead to strong deposit growth of 6.4 bln euros in Dec
EconomyMacroeconomyThe net private sector deposits in the Greek banking system grew strongly, as is the seasonal trend, in December with a jump of 6.38 billion euros, after a negative movement of 747 million euros in November, based on the latest Bank of Greece (BoG) figures released on Friday. The annual growth
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Current account deficit drops sharply to 14.13 bln in 2023 as energy effects moderate
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.25 billion euros in December, from a deficit of 3.3 billion euros in November, Bank of Greece (BoG) data showed on Tuesday. In December 2022, the balance showed a deficit of 2.71 billion euros, while in December 2021 the current account posted
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Record year for tourism in 2023 with 20.46 bln in receipts, 32.74 mln visitors
EconomyMacroeconomyGreece's travel balance recorded a surplus of 114.9 million euros in December, compared to 206.2 million euros in November, according to data released by the Bank of Greece (BoG) on Wednesday. December's balance was 72.1 percent higher than the 66.8 million euros recorded in December 2022
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Jan sees sharp drop of 5.24 bln in deposits, led by corporations
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted significantly in January with a drop of 5.24 billion euros, after a 6.38 billion euros jump in December, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in January was 2.7 percent year
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Credit expansion slows in Jan with 2.73 bln outflow
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly slowed in January, rising by 3 percent year-on-year (YoY), up from 3.6 percent in December, Bank of Greece (BoG) figures released on Tuesday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009. However
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Despite slowdown, Q4 property price rise pushes 2023 increase to 13.4 pct
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece stayed strong in the last quarter of 2023, increasing by 11.8 percent year-on-year (YoY) from an upwards revised 12.1 percent in Q3 2023, Bank of Greece (BoG) data released on Tuesday showed. This is a slight slowdown from the peak of Q1 2023
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