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Credit growth accelerates to 3.6 pct in Dec, led by loans to corporations
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly picked up pace in December, rising by 3.6 percent year-on-year (YoY), up from 2.8 percent in November, Bank of Greece (BoG) figures released..., however, the trend had been moderating, though accelerating over the second half of the year
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Economic sentiment up in Jan, consumer confidence plunges by 6 pts
EconomyMacroeconomyreleased on Tuesday. This is the highest sentiment reading since the 107.5 points of September last year... the previous month. Since February last year, industry confidence is down by 7 points. The services index... February last year. Construction confidence remained in positive territory at 22.1, up strongly
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Farmers plan more protests after dismissing government's improved assistance
PoliticsGreek Politics, but the farmers argue that those among them whose crops and farms were affected by last year’s wildfires... for those who suffered damage from last year’s natural disasters. The slow disbursement... in the sector face ruin as a result of the long-term impact of last year’s record flooding, which devastated
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Piraeus Bank reports 2 bln NII in 2023, income from fees at 547 mln
EconomyBanking. Asset quality The NPE ratio dropped to 3.5 percent in 2023, from 6.8 percent a year ago. The NPE..., unchanged from fiscal year 2022. P&L Net interest income (NII) came to 2 billion euros in 2023, while..., from losses on NPE sales, while organic impairments were 306 million euros last year. Balance sheet
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Credit expansion slows in Jan with 2.73 bln outflow
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly slowed in January, rising by 3 percent year-on-year (YoY), up from 3.6 percent in December, Bank of Greece (BoG) figures released on Tuesday..., the trend had been moderating, although it did accelerate over the second half of last year. The net
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Retail sales recorded 3.7 pct rise in 2023, but volume dropped by 3.3 pct
EconomyMacroeconomyGreece’s retail sales made strong gains in December, in line with the seasonal trend, with a rise of 7.3 percent year-on-year (YoY), after an upwards revised growth of 1.7 percent in November... continuously for nearly a year. Sales have dropped for two of the months in 2023. On a monthly basis
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Despite slowdown, Q4 property price rise pushes 2023 increase to 13.4 pct
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece stayed strong in the last quarter of 2023, increasing by 11.8 percent year-on-year (YoY) from an upwards revised 12.1 percent in Q3 2023, Bank..., when prices grew by 15.4 percent. The index stood at 95 in Q4 last year, from 93.1 in the previous
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Vehicle sales rise by 17.3 pct in Feb, led by passenger cars
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time had a strong growth rate of 21.2 percent year-on-year (YoY) in February, after an 8.6 percent rise in January, according to Hellenic.... Motorcycle sales increased by 43.6 percent from a year earlier to 4,372. In the first two months of 2024
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Budget continued to outperform in Feb, delivering 3.4 bln primary surplus
EconomyMacroeconomyto the better performance of the previous year’s income taxes collected in instalments until the end of February 2024, as well as the better performance in the collection of the current year’s taxes, notably.... Interest payments came to 1.96 billion euros, above target by 78 million. Last year, interest payments
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Government prepares to hit back at opposition's censure motion over train crash
PoliticsGreek Politicsin connection to last year’s deadly Tempe train crash. The move is being made in the wake of a report... New Democracy’s dominance one year into its second term in office, despite the rocky start to this four-year stint. For the opposition parties, it will be a chance to strike another blow
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