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Current account balance surplus of 874.4 mln in June shows significant yoy improvement
EconomyMacroeconomya surplus of 300.6 million euros in May according to Bank of Greece (BoG) figures released on Tuesday... a notable year-on-year (YoY) deficit improvement of 883.3 million euros. According to the BoG... compared to 4.70 billion a year ago. BoG said that the improvement stemmed from the rise
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Capital controls to be abolished ahead of schedule
EconomyBanking, Bank of Greece (BoG) governor Yiannis Stournaras had indicated that capital controls would be lifted soon as domestic deposits had strengthened. The latest BoG figures showed that deposits increased... controls was cited as a problem by the BoG, the country’s lenders and Greek businesses which overnight
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Current account balance shows surplus of 1.28 bln in July
EconomyMacroeconomya surplus of 874.4 million euros in June, according to Bank of Greece (BoG) figures released on Friday... a year-on-year (YoY) decline of 34.3 million euros. According to the BoG, this was driven by an increase... compared to 3.39 billion a year ago. BoG said that the improvement stemmed from a rise in the surplus
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Newsletter 221 -27/09/2019
travel balance rose to 3.40 billion euros in July from 3.10 billion a year ago, Bank of Greece (BoG... from July, Bank of Greece (BoG) figures showed. As a result, the outstanding balance came to 159.90... billion euros in July, Bank of Greece (BoG) figures revealed this week. The outstanding balance
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Current account balance shows surplus of 1.87 bln in August
EconomyMacroeconomya surplus of 1.27 billion in July, according to Bank of Greece (BoG) figures released on Monday... of 38.4 percent year-on-year (YoY). According to the BoG, this was driven by an improvement primarily... ago. BoG said that the improvement stemmed from a rise in the services surplus and an improvement
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingwas in development since last year. The Hellenic Financial Stability Fund (HFSF) and the Bank of Greece (BoG... from BoG does not seem to have made any progress. Between 2015-2018, Greek banks reduced their NPEs... forward, and that it remained committed to exploring other solutions. This included reactivating the BoG
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Newsletter 224 -25/10/2019
of 1.87 billion in August, rising from a surplus of 1.27 billion in July, according to Bank of Greece (BoG) figures. According to the BoG, this was driven by an improvement primarily in the services balance... in August from 3.43 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase
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Current account lands on deficit of 673.4 mln in October, aggregate at deficit of 697.4 mln
EconomyMacroeconomya surplus of 886.6 million in September, according to Bank of Greece (BoG) data released on Friday... million year-on-year (YoY). According to the BoG, October’s performance is primarily attributable... of 2.27 billion a year ago. BoG said that this reflects a rise in the surplus of the services
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Current account posts deficit of 1.39 bln in November
EconomyMacroeconomya deficit of 673.4 million in October, according to Bank of Greece (BoG) data released on Monday...). According to the BoG, November’s performance is primarily attributable to a decrease in the non-oil... billion in November 2018. BoG said that this reflects an improvement in the surplus of the services
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Current account deficit more than halves to 2.57 bln in 2019
EconomyMacroeconomya deficit of 1.39 billion in November, according to Bank of Greece (BoG) data released on Thursday...-on-year (YoY). According to the BoG, December’s performance is primarily attributable to improvement... to a deficit of 2.57 billion in 2019 compared to a deficit of 5.23 billion in December 2018. BoG said
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