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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomyGreek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank....[Link to chart - Loans, Total, Balance, Year on Year] The segmental breakdown showed corporate lending... euros with deductions increasing to 47 million in December to a total of 167 million for the whole year
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Current account deficit rises to almost 2 bln in Jan, highest since 2011
EconomyMacroeconomyGreece posted a current account (C/A) deficit of nearly 2 billion euros in January, from 1.71... euros, compared to a deficit of 1.58 billion euros in the same month last year. Total imports came to 6.35 billion euros, from 4.02 billion last year. At the same time, total exports came to 3.31 billion
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Despite improvement in services, goods tip current account to deep deficit of 2 bln in May
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 2 billion euros in May, from 1.62 billion euros..., compared to a deficit of 1.82 billion euros in the same month last year. Total imports came to 7.95 billion euros, from 4.97 billion last year. At the same time, total exports came to 4.71 billion
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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomythe target. For 2016, the fiscal gap amounts to 1.93 billion (1 percent of GDP), with the primary... remaining broadly flat in 2015, social security contributions are anticipated to surge by 1 billion... the preference shares granted in exchange of Pillar I bonds back in 2009, with total state proceeds at 1.8
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Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
EconomyMacroeconomyby 35,656 people, with total employment comfortably staying well above the four-million mark... fell by roughly 2 percentage points (pps) year-on-year and came to 11.3 percent, while the rate.... Total hires were 2.87 million, against 2.7 million departures.
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Economic sentiment at 104.3 pts in Feb, consumer confidence falls by 2 pts
EconomyMacroeconomyconsecutive month and fell by 2 points to -53 in February compared to -51 in January. Year-on-year... picked up by 1 point to 2.8. Construction improved by 5.3 points to -45.1 in February, compared to -50.4
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Industrial production up by 2 pct in September
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased year-on-year (YoY) by 2 percent in September from a downward revised 1 percent increase in August, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. The latest figure extends the streak of positive months for the index to seven
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Solid revenues, contained spending lead to primary balance beating target by 2 bln in Nov
EconomyMacroeconomybalance up to November showed a deficit of 1 billion euros, from a 5.65-billion-euro deficit in November 2022. The overall balance is better than the target by 2 billion euros. Revenues Net revenues
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OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
EconomyMacroeconomygrowth is projected to remain resilient at 2 pct in 2025 and 2.1 pct in 2026, supported by higher... expected to rise from 1.8 pct of GDP in 2024 to 3.6 pct in 2026. Recent fiscal measures include a 1
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The key points from Greece's proposal to lenders
EconomyProgrammewill be implemented as of October 1. 2) Introduction of a reward point system for the registration of receipts... and the total household assets do not exceed 270,000 of which deposits not higher than 15,000 euros. Energy 1... in 2016 (excluding VAT) incorporate: 1) Change of the VAT rates from the current level of 6.5, 13
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