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  1. BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels
    Photo by MacroPolis

    EconomyMacroeconomy

    of policy recommendations. BoG says that the economy will grow by 2.3 pct this year, which is more... of lower energy prices. Headline inflation is seen at 3.8 pct next year and 2.3 pct in 2025. BoG... of that is attributed to high fuel prices, expected to moderate slightly to 7 pct of GDP in 2023. BoG

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  2. BoG sees 2024 growth at 2.3 pct, cautions against complacency due to risks
    Photo by MacroPolis

    EconomyMacroeconomy

    contributor to growth. This places the BoG in line with the range of most international organisations.... Inflation is seen moderating further to 2.8 pct in 2024 as the BoG sees all components de-escalating... the improved primary surplus. The BoG also notes that for the first time since 2019, the first

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  3. BoG sees central gov't primary surplus to May at 1.06 bln on cash basis

    EconomyMacroeconomy

    percent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG... deficit of 4.02 billion last year. The BoG calculates the central government figures on a cash... to the BoG underlying item. Cash expenditure retreated 16.8 percent to 20.21 billion euros. Adjusting

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  4. BoG reveals figures for repatriation and banknotes returning to banking system
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    In its annual report published on Friday, the Bank of Greece (BoG) provided more details... uncertainty for Greek banks. The BoG also revealed that the repatriation of funds invested in foreign... abroad again, BoG noted. Moreover, the monthly repatriation of funds invested in foreign securities

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  5. BoG reveals number of indebted borrowers, details business NPEs
    Photo by MacroPolis

    EconomyMacroeconomy

    (NPEs) of Greek banks presented by Bank of Greece (BoG) on January 12, BoG deputy governor Theodoros... to the latest BoG report with data as of June 2016, denounced loans made up 44.2 percent of NPEs, while... published by BoG on Tuesday showed that Greek banks continued to meet their NPE reduction target

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  6. BoG looks at other programme exits and options available to Athens
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    market. According to the Bank of Greece (BoG), programme ownership is a key factor in facilitating... another 7-year bond. Credit line The BoG argues that Greece should look into forming... August 2019 and 20.3 billion to last until the end of 2019. The BoG also argues that it is imperative

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  7. BoG report outlines benefits of surveillance and scenarios for debt
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    EconomyBanking

    In the Monetary Policy report that was issued on Monday, Bank of Greece (BoG) dedicates a section... Eurogroup, the post-programme surveillance and BoG’s own debt sustainability analysis (DSA) that examines... and interest rate outcomes. In previous sections in the report, BoG argued that the enhanced

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  8. BoG notes economic progress, urges safeguarding of fiscal credibility
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock... the fully loaded effect of the new IFRS 9 framework of booking bad assets. The BoG expects the economy... defaulters and settle the issue of non-viable companies. On the fiscal front, BoG sees this year’s

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  9. BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
    Photo by MacroPolis

    Economy

    The Bank of Greece (BoG) published on Friday the governor’s annual report for 2019, which... recent forecast of 2.4 pct growth has become obsolete so quickly. BoG notes that any estimates... slow down further by 0.6 to 1.4 percentage points. BoG argues that although the Greek economy

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  10. BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
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    Economy

    banks deal with the bad loans challenge. BoG has revised its forecast for Greek GDP, from 5.8 pct... in the first half of the year. The BoG governor noted that the economic performance in Greece... investments. BoG estimates the GDP impact of the EU funding in the 2021-2026 period at 1.9 pct annually

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