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Credit expansion picks up pace in Jan with 10 pct YoY rise
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in January, rising by 10 percent year-on-year (YoY), from 8.9 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was negative by 1.67 billion euros after a positive movement
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Six in 10 Greeks earn less than average salary of €1,022 in private sector
SocietyHe or she is aged between 30 and 44, works full-time in a business run by a sole proprietor and grosses less than the average salary in the private sector. These are the general characteristics of a typical employee in Greece in 2014, according to figur...
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Deposit outflow slows to 2.19 bln in Mar as balances slip to lowest in 10 yrs
EconomyMacroeconomyGreek private sector deposit outflows slowed to 2.19 billion in March from 7.63 billion in February, according to the Bank of Greece (BoG). Deposit balances slipped to 138.56 billion, which is the lowest reading since March 2005. The negative flow in Fe...
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Nine in 10 Greeks under 30 feel marginalised due to crisis
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/05/younggreeks_1000_myrto_0411-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
SocietyOver nine in ten young Greeks aged 16–30 feel marginalised in their own country due to the economic crisis, with 43 percent feeling they need to move to another EU country to study, train or work, a Eurobarometer poll, commissioned by the European Parli...
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PMI at 50.5 in June, posting first growth in 10 months
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 0.9 points in June according to Markit, standing above the 50.0 point no-change threshold for the first time since August 2016 and signalling a marginal improvement in the Greek manufacturing sector. The PMI stood at 5...
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Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
EconomyFeaturesA recent study looking at data from the tourism sector highlights that more than 80 percent of visits to Greece in 2018 were to just five regions and around half of receipts were generated by tourists from six countries. The study was conducted by the r...
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Episode 10 - Get with the (first) programme
AgoraAmid more pressing issues, the 10th anniversary of Greece's first international bailout went slightly under the radar earlier this year. However, to round off the first series of The Agora podcast, we have brought together three experts on the subject. ...
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IPI rise of 8.1 pct in Dec marks full year of growth, totalling nearly 10 pct
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) recorded another notable rise of 8.1 percent year-on-year (YoY) in December, from an upwards revised 8.4 percent annual increase in November, according to Hellenic Statistical Authority (ELSTAT) data released o...
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Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
EconomyMacroeconomyGreece’s employment balance continued its recovery in May with 99,956 more hires then departures, according to data from the Labour Ministry’s Ergani information system released on Tuesday. April also had a solid positive balance of 124,365 more hirings...
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Current account surplus drops in Aug, as 8M deficit jumps by 73 pct to over 10 bln
EconomyMacroeconomyGreece posted a current account (C/A) surplus of 449.1 million euros in August, from 1.1 billion euros in July, Bank of Greece (BoG) data showed on Friday. In August 2021, the balance showed a surplus of 1.41 billion euros, while in August 2020 the curr...
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