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Budget primary surplus comfortably beats target in May as taxes outperform by 2 bln
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.29 billion euros in May, compared to a deficit of 1.49 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF... to May showed a deficit of 1.13 billion euros, from a 4.07-billion-euro deficit in May 2022
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Deposits rise by 794 mln in May, balance at 186.42 bln
EconomyMacroeconomyeuros in May, after a small drop of 15 million euros in April, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in May was 3.3 percent year on year (YoY), from... in May stood at 186.42 billion euros, reflecting corporate deposits of 44.63 billion euros
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Building activity grows by 15.8 pct in May, up 11.5 pct in first five months
EconomyMacroeconomyBuilding permits recorded a decent movement in May, rising by 15.8 percent year-on-year (YoY... saw the first annual decline since July last year. The total number of permits issued in May reached 2,570, from 2,220 in May 2022. The corresponding surface area increased by 7.5 percent YoY, while
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Corporations lead way as deposits rise by 303 mln in May
EconomyMacroeconomyThe net private sector deposits in the Greek banking system slowed in May with a rise of 303... released on Thursday. The annual growth in May was 2.5 percent year on year (YoY), from 2.8 percent in the preceding month. The outstanding balance of private sector deposits in May stood at 190.91
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Consumer confidence rises sharply by 4 points in May, other components drop
EconomyMacroeconomyGreece’s economic sentiment (ESI) was broadly stable in May at 107 points, from 107.4... period, May’s ESI is down roughly 3 points from June 2024. The average ESI in the EU stood at 95.2 points in May, from 94.6 in the previous month. The euro area’s ESI was 94.8 points, from 93.8 points
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Deposits resume rise in May, reaching 199.61 bln
EconomyMacroeconomyGreek banking system’s private sector deposits grew in May, with a net increase of 1.22 billion... released on Monday. The annual growth in May was 4.7 percent year on year (YoY), from 4.2 percent in the preceding month. The outstanding balance of private sector deposits in May stood at 199.61 billion
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Economic sentiment and consumer confidence recover some ground in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved in May, with the index at 107.5 points, from 105.8... 12-month period, May’s ESI was roughly two points above June 2025. The average ESI in the EU stood at 93.7 points in May, from 93.4 in the previous month. The euro area’s ESI was also slightly up
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Corporations at forefront of 5.53 bln deposit inflow in May
EconomyMacroeconomyPrivate sector deposits rose sharply in May, with a net inflow of 5.53 billion euros, after a minor... on Monday. The annual growth in May was 7.8 percent year on year (YoY), from 5.8 percent... programme in May 2010. Before the debt crisis, at the end of 2009, the Greek economy had 237.53
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Wage ruling gives gov't immediate fiscal headache, political one may come later
PoliticsGreek Politicspressure from the troika. New Democracy has strong support among these groups and was concerned about
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Lenders put together proposal that may leave Tsipras struggling
PoliticsGreek PoliticsTsipras portraying this as a concession wrestled from the hands of the country’s lenders. Greece may... that it cannot be considered a fair compromise with lenders. Skourletis suggested that elections may have
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