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Budget reaches 8.63 bln primary surplus in 2024 thanks to tax outperformance and underspend
EconomyMacroeconomyThe budget primary balance closed the year with a surplus of 8.63 billion euros up to December.... For the full year, the primary balance came in 3.99 billion euros above the target. The ministry notes... and transfers. Interest payments came to 8.37 billion euros, above target by 92 million. Last year
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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... billion euros. Interest payments came to 8.37 billion euros. Last year, interest payments were 7.71
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Seasonal rise in Dec pushes deposits above 200 bln mark for first time since 2011
EconomyMacroeconomyThe private sector deposits in the Greek banking system ended the year strongly in December with a net increase of 5.65 billion euros, after a 2.27-billion-euro rise in November, according... percent year on year (YoY), from 5 percent in the preceding month. The outstanding balance of private
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Nov sees rise of 2 pct YoY in retail sales, up 2.7 pct MoM
EconomyMacroeconomyGreece’s retail sales resumed growth in November with a rise of 2 percent year-on-year (YoY), after a drop of 0.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday... on a 12-month rolling basis. Overall, Greece’s economic sentiment (ESI) started the year with a solid
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Newsletter 450 - 7/02/2025
euros, an increase of 7 pct year-on-year. The data also points to what we have argued before, which... Manufacturing PMI started the new year with a slight moderation, falling to 52.8 points in January
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CPI at 2.7 pct in Jan as rent rise of 9.2 pct highlights housing cost difficulties
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) continued the moderate upward trend in January with a rise of 2.7 percent year-on-year (YoY), from 2.6 percent in the previous month, according... moderated, now seven of the last eight months below the headline CPI, and in December last year
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Import prices rising again as Dec sees 0.6 pct YoY increase
EconomyMacroeconomyGreece’s import price index ended 2024 with a 0.6 percent year-on-year (YoY) rise in December, after a 2.8 percent drop in the previous month, according to data released by the Hellenic Statistical... movement, which in this case captures the year 2024, was negative by 2 percent. In December
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Trump trade war could take a toll on Greek economy
EconomyMacroeconomyof direct trade between the two countries. With the latest data up to November last year, Greek exports... to November last year coming from European Union countries, led by Germany with 3.65 bn and France with 1.25... visitors. The outlook for the eurozone this year was already subdued before the Trump administration
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Private sector deposits fall back below 200-bln-mark in Jan, led by coprorations
EconomyMacroeconomyThe private sector deposits in the Greek banking system started the new year with a sharp decline in January, with a net decrease of 4.79 billion euros, after a 5.59-billion-euro rise in December... in January was 4.8 percent year on year (YoY), from 4.4 percent in the preceding month. The outstanding
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Eurobank reports 1.45 bln profit in 2024, commission income up by 22.4 pct
EconomyBankingyear-on-year (YoY) in 2024 to 2.1 billion euros, from 1.82 billion euros in 2023. P&L Net interest... year. Deposits were 78.59 billion euros, while gross loans stood at 52.25 billion euros. Loans
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