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Strong start for travel receipts in Jan, rising by 72 pct YoY to 224.2 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 26.3 million euros in January, from 71 million euros in December, according to Bank of Greece (BoG) data released on Tuesday. January’s balance was 40.2 percent lower from the 44 million euros registered in ...
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Strong tourism season has little impact on unemployment, hovering at 10.8 pct in July
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate was essentially unchanged in July, landing at 10.8 percent, from a slightly downward revised 11 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In July last year, the ...
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Apartment prices rise in Q2 by a strong 13.9 pct YoY despite slight slowdown
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece remained on a stolid path in Q2 2023, increasing by 13.9 percent year-on-year (YoY) from an upwards revised 15 percent in Q1 2023, Bank of Greece (BoG) data released on Tuesday showed. This is a sl...
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Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the draft budget for 2024, with Greece seen growing by 3 pct in 2024 and securing a primary surplus of 2.1 pct of GDP. The economy is seen maintaining its momentum, with growth rising from the 2.3 pct ...
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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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