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Q1 travel receipts point to bumper tourism season, balance up 25 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 136.6 million euros in March, compared to 111.7 million euros in February, according to data released by the Bank of Greece (BoG) on Wednesday. March's balance was 11.5 percent higher than the 122.5 million euros recorded in March 2023. In March 2022
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Despite further slowdown, property prices grew by 10.4 pct in Q1
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece continued at a steady pace in the first quarter of 2024, increasing by 10.4 percent year-on-year (YoY) from an upwards revised 12.4 percent in Q4 2023, Bank of Greece (BoG) data released on Tuesday showed. There has been a gradual slowdown
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Credit growth unchanged in April at 4.5 pct, flow turns negative
EconomyMacroeconomyThe credit expansion in the Greek private sector was unchanged in April, rising by 4.5 percent year-on-year (YoY), Bank of Greece (BoG) figures released on Wednesday showed. At 6.3 percent, December’s 2022 growth was the highest since the summer of 2009. However, the trend had been moderating
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Rise of deposits moderates to 384 mln in April
EconomyMacroeconomyThe net private sector deposits in the Greek banking system increased in April with a rise of 384 million euros, after a 1.67-billion-euro rise in March, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in April was 2.8 percent year on year (YoY), from 2.6
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Q1 GDP growth accelerates to 0.7 pct QoQ
EconomyMacroeconomyat the general meeting in April, Bank of Greece (BoG) sees 2024 growth at 2.3 percent. In its growth
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Current account deficit continues to grow, reaching 6.84 bln up to Apr
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.69 billion euros in April, unchanged from the deficit in March, Bank of Greece (BoG) data showed on Thursday. In April 2023, the balance showed a deficit of 1.87 billion euros. The Bank of Greece notes that this is mainly due to a deterioration
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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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