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Strong VAT, income tax revenue and restrained spending drive strong primary surplus in Sep
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 9.45 billion euros up to September, compared to a surplus of 8.76 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on M...
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Corporate deposits propel savings increase to 208 bln in Sep
EconomyMacroeconomyThe Greek banking system’s private sector deposits rose strongly in September, with a net increase of 2.65 billion euros, after a rise of 2.05 billion euros in August, according to the latest Bank of Greece (BoG) figures released on Monday. The annual g...
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Business loans drive credit growth of 10.7 pct in Sep
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in September, rising by 10.7 percent year-on-year (YoY), virtually unchanged from the previous month, Bank of Greece (BoG) figures released on Monday showed. The net lending flow was posit...
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Unemployment unchanged at 8.2 pct in Sep
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate was unchanged at 8.2 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In September last year, the unemployment rate was 9.7 percent. Despite minor fluctuations in ...
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Energy drives producer prices down by 1.1 pct YoY Sep as all other components rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in September, with a drop of 1.1 percent year-on-year (YoY), after a decrease of 1.1 percent in August, ELSTAT data showed on Thursday. This was the third decline of the year, following six con...
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Eurobank net profits exceed 1 bln up to Sep, commissions jump 24 pct YoY to 557.2 mln
EconomyBankingEurobank posted a net profit of 1.03 billion euros in 9M 2025, from 1.13 billion euros a year earlier, down by 9 percent year-on-year (YoY). Core pre-provision income (PPI) rose by just 0.2 percent year-on-year (YoY) in 9M to 1.53 billion euros, almost ...
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Hiring balance turns negative in Sep on as tourism season winds down
EconomyMacroeconomyGreece’s employment balance was negative in September with 9,196 more departures than hires, according to data from the Labour Ministry’s ERGANI information system. The hiring balance in September last year was positive with 3,596 more hires. This led t...
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NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
EconomyBankingNational Bank of Greece (NBG) reported a profit after tax of 979 million euros in 9M 2025, compared to a profit of 1.06 billion euros in 9M 2024, a drop of 7.9 percent year-on-year (YoY). Attributable profit was 970 million euros, compared to 985 millio...
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Trade deficit narrows by 13.6 pct YoY in Sep on back of oil effects
EconomyMacroeconomyGreece’s trade deficit fell sharply by 13.6 percent year-on-year (YoY) in September, after a drop of 18.8 percent in August, according to data released by ELSTAT on Friday. The deficit came to 2.67 billion euros for September. Imports totalled 6.92 bill...
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Manufacturing drives industrial production increase of 6.8 pct YoY in Sep
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) resumed growth in September with a jump of 6.8 percent year-on-year (YoY) drop, after a drop of 2.8 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. M...
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