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Credit expansion slows to 0.7 pct in Sep as loans to enterprises lead way
EconomyMacroeconomyCredit movement in the Greek private sector increased by 0.7 percent year-on-year (YoY) in September, from 0.8 percent in August, according to Bank of Greece (BoG) figures released on Wednesday. The growth in credit expansion continues to slow after rea...
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Energy products lead rise as import price index escalates by 27.2 pct in Feb
EconomyMacroeconomyGreece’s import price index posted another solid rise of 27.2 percent year-on-year (YoY) in February, after shooting up by 31.8 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. Month-on-month, th...
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Deposits drop for third straight month as corporates lead fall of 988 mln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in March stayed negative and picked up pace to 988 million euros, from 260 million in February, and 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Frida...
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Growth in industrial turnover continues in Mar as manufacturing, petroleum products lead 38.3 pct rise
EconomyMacroeconomyGreece’s industrial turnover growth remained strong in March, rising by 38.3 percent year-on-year (YoY), from a slightly upwards revised 34 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. After m...
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VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
EconomyMacroeconomyThe budget primary balance for the seven months of 2022 came to a deficit of 1.16 billion euros, compared to a deficit of 9.06 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released o...
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Passenger cars lead the way as vehicle sales rise by 17.9 pct in Aug
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time picked up pace in August, rising by 19.1 percent year-on-year (YoY), from the 2.3 percent growth in July, according to Hellenic Statistical Authority (ELSTAT) data released on Mon...
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ND's lead narrows but PM's election hopes still alive
PoliticsGreek PoliticsIn its first survey of the year for Alpha TV, Alco indicated that support for New Democracy has edged back up after dipping towards the end of 2022. According to the opinion poll, 31 pct of respondents say they intend to back the conservatives, up from ...
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Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus
EconomyMacroeconomyThe Greek authorities were handed a welcome boost on Friday as ELSTAT announced the latest fiscal data for 2022, in the context of the first Excessive Deficit Procedure (EDP) notification of 2023, where a small primary surplus was recorded. ELSTAT notes...
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Attention turns to next government as Mitsotakis holds convincing lead over rivals
PoliticsGreek PoliticsAs New Democracy and its leader, Kyriakos Mitsotakis, continue to dominate in all the opinion polls ahead of the June 25 elections, there is growing speculation about what kind of government he will form if the predictions prove correct and the centre-r...
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Waiters and hospitality jobs lead way as hiring balance improves YoY in June
EconomyMacroeconomyGreece’s employment balance in June was positive by 28,761 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in June last year was 19,113 more hires, suggesting an improvement of 9,648...
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