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Current account surplus almost doubles to 1 bln in June
EconomyMacroeconomya year ago, Bank of Greece (BoG) figures showed on Thursday. The year on year improvement by around..., while the goods deficit stood at 1.41 billion. BoG noted that the oil and the ships’ deficits... transport receipts, while travel receipts also fell by 5.4 percent to 1.85 billion. According to BoG
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomybillion in July 2016 from 2.51 billion last year, Bank of Greece (BoG) figures showed on Tuesday... a year ago. The BoG stressed that imports remain well below the respective levels of the previous two... payments surged 33.1 percent leading the travel surplus down 5.9 percent to 2.61 billion. The BoG also
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A market for NPL resolution
Agoraof Greece (BoG) could buy securitised NPLs from the SME sector. Securitised SME paper is hardly available... of such a BoG purchasing programme. Based on current criteria, the BoG would not be able to identify..., HFSF and BoG should sit down together and identify a roadmap towards developing a dynamic NPL market
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Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
EconomyMacroeconomyof Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic... projections are in line with those revealed in the BoG Monetary Policy report published in mid-June. Keeping with the draft budget and European Commission’s estimates, the BoG forecasts that growth
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Current account surplus narrows to 1.82 bln in August
EconomyMacroeconomyeuros in August, down from 2.2 billion a year ago, Bank of Greece (BoG) figures showed on Friday... to 3.03 billion. This led to the goods deficit slightly improving, to reach 1.17 billion. BoG noted..., the travel surplus in August retreated by 10.6 percent to 2.92 billion. BoG also said
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Newsletter 93 - 21/10/2016
percent. Bank of Greece (BoG) governor Yannis Stournaras reiterated BoG macro forecasts calling... on debt relief measures “should start now and conclude as soon as possible”. BoG data showed... in the nine months to September, which is by far the highest reading since 2001. The results of the BoG
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Current account surplus widens to 1 bln in September
EconomyMacroeconomylast year to reach 1.01 billion in September from 904 million a year ago, Bank of Greece (BoG... rose to 2.26 billion euros. Imports rose at a slower pace of 7.6 percent to 3.63 billion. The BoG... the travel surplus up by 1 percent to 2.04 billion. The BoG also noted that the deterioration in the primary
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Newsletter 98 - 02/12/2016
of Greece (BoG) said in a report on Wednesday. NPEs are estimated to be cut by 37.6 percent from 106.9... in the anticipated drop in bad loans. The BoG report also revealed that NPEs fell to 106 billion... indicates a new high since May 2015 according to the BoG. The breakdown by depositor type showed
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Bank of Greece study finds one in six local firms is strategic defaulter
EconomyMacroeconomy(BoG) discussed the issue of corporate strategic defaulters i.e. companies that have stopped... and lack of liquidity, BoG said. The sectors that showed the highest share of strategic defaulters... and support services. According to BoG, firms with large debt or low collateral value or high
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingeffectively, the BoG said. At the end of June 2016, debit cards made up 81 percent of total payment... in the first half of 2016. The BoG noted that both developments reflect a) customers’ familiarisation... position of both households and corporate, the BoG stressed. Overall, the value of card transactions
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