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Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
EconomyMacroeconomyyear’s 35.53 billion. The ministry notes that this overperformance is due to the increased personal
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Eurobank profitability rises in 9M, Mexico securitisation takes NPE ratio to 7.3 pct
EconomyBankingof 2020 to 2.9 billion euros. Eurobank’s NPE ratio stood at 7.3 percent in Q3, thanks to the “Mexico
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Retail sales rise by 13 pct in Sep as fuel has notable impact
EconomyMacroeconomyGreece’s retail sales picked up pace again in September, rising by 13 percent year-on-year (YoY) from a downward revised increase of 7.5 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. Retail sales have been growing continuously since April, after nearly one year
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PMI remains in growth territory in Nov amid supply disruptions and inflation
EconomyMacroeconomyGreece’s manufacturing PMI stayed broadly stable in November, edging down to 58.8, from 58.9 points in October, Markit data released on Wednesday showed. The data shows another marked improvement in the Greek manufacturing sector, broadly in line with the rate of growth seen in October, matching
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BoG sees banks on right path, warns impact of pandemic not visible yet
EconomyBankingThe progress made by Greece’s banks to clean up their balance sheets was reflected in the latest financial stability report published by the Bank of Greece (BoG) on Thursday. BoG also highlights the various challenges that credit institutions will need to address. Banks’ asset quality significantly
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Trade deficit shoots up by 52.8 pct in Oct as imports exceed pre-pandemic levels
EconomyMacroeconomyGreece’s trade deficit jumped by 52.8 percent year-on-year (YoY) in October, from an increase of 27.8 percent in September and 43.3 percent in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday. The deficit came to 2.16 billion euros for the month
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Nov CPI shoots up by 4.8 pct amid big rises in energy prices
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose sharply in November, climbing by 4.8 percent year-on-year (YoY), from 3.4 percent in October, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The average CPI for the rolling 12 months period increased by 0.6
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Building activity up by 11.2 pct in Sep as steady rise continues
EconomyMacroeconomy, and volume increased by 55.6 percent. The European Commission’s latest business sentiment indicators
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Primary cash deficit almost halved to 7.32 bln in Nov
EconomyMacroeconomyGreece’s central government recorded a primary cash deficit of 7.32 billion euros up to November, from a deficit of 13.45 billion euros last year, according to figures released by the Bank of Greece on Friday. The overall cash deficit was 12.95 billion euros, from 19.46 billion euros in the same
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Travel surplus of 1.27 bln in Oct as receipts reach 58 pct of 2019 levels in 10 months
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.27 billion euros in October, from 2.06 billion euros in September, according to Bank of Greece (BoG) data released on Wednesday. The latest data is encouraging because aside from more than doubling from the roughly 490 million euros figure last year
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