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Seasonal deposit rise of 4.29 bln in Dec takes total 2021 increase near to 18 bln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system rose significantly by 4.29 billion euros, following a rise of 1.83 billion euros in November, based on Bank of Greece (BoG) figures released on Friday. The annual growth in December mar...
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Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance
EconomyProgrammeGreece has one more step to take before it completes its post-programme surveillance after the institutions published the report that accompanies the latest review, the thirteenth since the summer of 2018 when Greece agreed to a number of commitments th...
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Media freedom concerns continue to bedevil Mitsotakis govt as EC takes note
PoliticsGreek PoliticsPressure is piling on the Greek government to respond to the findings of recent reports which highlight a deterioration in conditions for the domestic media. Under increasing scrutiny by the European Commission, the Mitsotakis administration is now prom...
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July trade deficit of 3 bln takes total to 20.67 bln, up by 65.6 pct YoY
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed down in July, but still increased by a sizable 33.3 percent year-on-year, according to data released by ELSTAT on Wednesday. This came after a 42.7 percent jump in June. The deficit came to virtually 3 billion e...
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Trade deficit of 2.9 bln in Aug takes aggregate to 23.66 bln, up by 60 pct YoY
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed further in August, but increased by a sizable 29.9 percent year-on-year, according to data released by ELSTAT on Friday. This came after a 33.3 percent jump in July. The deficit came to 2.9 billion euros for Aug...
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign PolicyLast week Prime Minister Kyriakos Mitsotakis announced the initiation of seismic surveys to locate potential natural gas reserves in two offshore blocks southwest of the Peloponnese peninsula and the island of Crete. "We want to make an opening with Lib...
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Higher VAT and income tax takes, with limited spending help budget beat targets in Mar
EconomyMacroeconomyThe budget primary balance in March was confirmed to be a surplus of 3.08 billion euros, compared to a deficit of 1.65 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. In t...
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Consumer confidence takes off in May as rest of sectors deliver mixed data
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1 points, after rising by 1.9 points in April, according to European Commission figures released on Tuesday. Sentiment has been improving in five of the last se...
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Fitch takes no rating action as fiscal continuity remains crucial to investment grade
EconomyMacroeconomyFitch took no action on Friday regarding Greece’s rating, re-affirming the country’s ‘BB+’ and keeping the outlook stable. Buoyed by New Democracy’s landslide win in the June 25 elections, some commentators in Greece were anticipating a possible upgrade...
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Economic sentiment improves marginally in Aug, consumer confidence takes 7-point tumble
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a 0.7-point rise in August, after a 1-point increase in July, according to European Commission figures released on Wednesday. Sentiment has been improving in nine of the last 10 months, essentially since Octobe...
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