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Loans to businesses keep credit growth at 7.4% YoY in May
EconomyMacroeconomyCredit expansion in the Greek private sector remained strong in May, rising by 7.4 percent year-on-year (YoY), from 6.8 percent the previous month, Bank of Greece (BoG) figures released on Monday... had an inflow of 13 million in May, from an outflow of 9 million in April and the balance standing
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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) picked up pace in May with a rise of 3.9 percent year-on-year (YoY), from 2.1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. Month-on-month (MoM), the seasonally adjusted index in May recorded
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Energy continues to drive import prices as May sees 13.3% YoY rise
EconomyMacroeconomyGreece’s import price index rose sharply by 13.3 percent year-on-year (YoY) in May, after a jump of 18.4 percent in the previous month, according to data released by the Hellenic Statistical... in contraction for the most part since early 2023. In May, there was a 22.2 percent increase from the non
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Fuels propel 10.1% rise in retail sales for May despite volume drop
EconomyMacroeconomyThe growth of Greece’s retail sales accelerated with 10.1 percent year-on-year (YoY) rise in May, after an increase of 4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data.... The volume’s monthly movement was up by 3.3 percent. Compared to May 2025, automotive fuel was up
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BoG sees central gov't primary surplus to May at 1.06 bln on cash basis
EconomyMacroeconomyGreece’s central government net balance to May on a cash basis showed the deficit narrowing by 74.4 percent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG). The 5-month primary cash balance exhibited a similar pattern posting a surplus of 1.06 billion in 2014 from
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Building activity falls 10.7 pct in June after brief rise in May
EconomyMacroeconomyAfter a short-lived rise of 1.2 percent in May, the number of building permits issued in Greece fell by 10.7 percent in June, according to the Hellenic Statistical Authority (ELSTAT). However, the June figures for surface and volume continued heading north for the second straight month
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Greek banks may soon breathe sigh of relief on capital needs
Agoraon the market.” Given the recent market turmoil, “relatively easily” may refer to the amount
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New prior actions may prove obstacle as Athens talks intensify
PoliticsGreek Politicstime may be needed for there to be an agreement. One of the key problems is whether the government
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Outflows ease to 1.5 bln in July but deposits reach lowest level since May 2003
EconomyMacroeconomyin more than 12 years, since May 2003. July withdrawals are fully attributed to time deductions of 7.65
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Greece expects review to be completed by May 1 despite IMF objections
EconomyProgrammeIn a non-paper released on Thursday night, the Finance Ministry provided an update on the progress made so far in the first programme review. According to the ministry, all sides agree that that an agreement should be completed by Orthodox Easter (May 1), while a document outlining the institutions
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