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Lending to corporations drives credit growth of 11.3 pct YoY in May
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in May, rising by 11.3 percent year-on-year (YoY), from 10.9 percent in the previous month, Bank of Greece (BoG) figures released... loans had an inflow of 26 million in May, from outflow of 23 million in April and the balance
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical... mid-2023. Month-on-month (MoM), the seasonally adjusted index in May recorded a drop of 0.4 percent
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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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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraratios require domestic lenders to step up their provisioning, thus binding already scarce capital... also be reconsidered or expanded to include access to finance options. This may involve the following.... The challenge Greek SMEs face in finding access to finance will continue to make the search for feasible
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Deal or no deal? Greece wrestles with the Macedonia issue
Agorathe fact that the plebiscite was non-binding allowed Zaev to proceed with the process.... The question here is what is viable, rather than what is better or worse, difficult as that may be to accept.... This positivity towards finding common ground was evident in the relatively quick time that the two
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Newsletter 310 - 01/10/2021
the possibility that conflict between NATO member states could occur and that membership of the Alliance may... to the negotiating table to resolve their differences, or to agree to binding international... bills to 180 million euros. It is also considering finding resources from the fund that auctions
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The Greek Ombudsman and public administration during challenging times
AgoraThe creation of the Ombudsman in 1997 as an independent authority may be seen as a symbol of institutional modernisation. It was intended to strengthen the Rule of Law, to consolidate good governance... of sanction, distinguish it from other control mechanisms and the courts. Its non binding recommendations
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