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Current account balance surplus of 874.4 mln in June shows significant yoy improvement
EconomyMacroeconomyGreece’s current account (C/A) balance came to a surplus of 874.4 million in June, improving from a surplus of 300.6 million euros in May according to Bank of Greece (BoG) figures released on Tuesday. In the same period last year, the balance came to a deficit of 8.7 million euros, suggesting
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Deposits rise by 1.60 bln in July
EconomyMacroeconomyNet deposit movement in the Greek banking system stayed positive by 1.60 billion euros in July following an increase of 1.77 billion euros in June, Bank of Greece (BoG) figures revealed on Wednesday. July’s movement marks the fifth positive increase in deposits after negative flows were registered
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Retail turnover rises by 2.3 pct in June, volume up by 2.3 pct
EconomyMacroeconomyGreece’s retail sales index increased by 2.3 percent in June, following a slightly upward revised drop of 1.9 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday. This is the first positive reading after two consecutive negative months. However, retail sales have had
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingis the lowest among the bank’s Greek peers. The bank is targeting an NPE reduction of 13.3 billion euros
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Trade deficit rises by 6.3 pct in July
EconomyMacroeconomyGreece’s trade deficit rose by 6.3 percent year-on-year (YoY) in July compared to a drop in 22.9 percent in June, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit came to 1.83 billion euros in July compared to 1.53 billion euros in June. Imports came to 5
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Budget primary surplus at 2.90 bln in August
EconomyMacroeconomymonthly primary balance’s surplus showed a decline of 48.9 percent. The budget balance in the first
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Current account balance shows surplus of 1.28 bln in July
EconomyMacroeconomyGreece’s current account (C/A) balance came to a surplus of 1.28 billion in July, improving from a surplus of 874.4 million euros in June, according to Bank of Greece (BoG) figures released on Friday. In the same period last year, the balance came to a surplus of 1.31 billion euros, equalling
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Deposits rise by 1.02 bln in August
EconomyMacroeconomyNet deposit movement in the Greek banking system stayed positive by 1.02 billion euros in August following an increase of 1.60 billion euros in July, Bank of Greece (BoG) figures revealed on Thursday. August’s movement marks the sixth continuous positive increase in deposits in the year so far
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeaturesthat tourism contributed between 25.7 and 30.9 percent of Greece’s GDP in 2018. The figures showed
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September employment balance stays positive by 2,651
EconomyMacroeconomyThe employment balance stayed positive in September with 2,651 more hirings than firings, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, the hirings balance was 3,905 lower this September. Total hirings came to 308,121 versus 305,470
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