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Seasonal factors lead to strong deposit growth of 6.4 bln euros in Dec
EconomyMacroeconomyThe net private sector deposits in the Greek banking system grew strongly, as is the seasonal trend, in December with a jump of 6.38 billion euros, after a negative movement of 747 million euros in November, based on the latest Bank of Greece (BoG) figu...
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University bill meets with strong opposition as MPs begin debating reform
PoliticsGreek PoliticsMPs are due to begin debating on Tuesday the government’s university reform bill, which paves the way for foreign institutions to set up chapters in Greece and appears to have no support from the opposition parties. The draft law is due to be debated at...
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Signs of rally for ND despite strong dissatisfaction among voters
PoliticsGreek PoliticsA Metron Analysis poll for Mega TV suggests that dissatisfaction with the government’s record in a number of policy areas is high but, nevertheless, New Democracy has started to reverse some of the recent losses it has suffered. Support for the ruling c...
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NBG shows strong profitability growth of 38 pct YoY in Q1, with 606 mln NII
EconomyBankingNational Bank of Greece (NBG) reported a core profit after tax of 320 million euros in Q1 2024, compared to a profit of 220 million euros in the same quarter of 2023, a significant rise of 45 percent year-on-year (YoY). Attributable profit was 358 milli...
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Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
EconomyMacroeconomyThe draft budget for 2025 was tabled in Parliament on Monday, with the main parameters in line with the medium-term fiscal-structural strategy (MTS) that was presented by the government last week. The draft sees significantly more moderate growth assump...
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Final budget data for 2024 affirms solid surplus due to strong revenues, 2.75 bln underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.7 billion euros in December, and for the full-year 2024, compared to a surplus of 3.92 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execu...
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Exports produce strong finish to 2024 but trade deficit up 8 pct to 34.61 bln
EconomyMacroeconomyGreece’s trade deficit dropped by 9 percent year-on-year (YoY) at the close of 2024, after a rise of 18.7 percent in November, according to data released by ELSTAT on Friday. The deficit came to 3.109 billion euros for December. Imports totalled 7.13 bi...
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Jan primary surplus at 1.98 bln thanks to strong tax revenues and underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 1.98 billion euros in January, compared to a surplus of 2.28 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesda...
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Feb prim surplus confirmed at 2.8 bln, as taxes remain strong and spending contained
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 2.8 billion euros by February, compared to a surplus of 3.38 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednes...
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Strong set of 2024 fiscal data provides space for voter-friendly handout package
EconomyMacroeconomyELSTAT published on Tuesday the latest fiscal data for the 2021 to 2024 period, recording a significant primary surplus that was accompanied by an announcement from PM Kyriakos Mitsotakis of a surprise handout package worth 1.1 billion euros in support ...
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