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BoG sees ample capital space for banks to sell bad loans
EconomyBankingThe Bank of Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis on active NPE management by Greek financial institutions in relation to the operational targets of reducing their stock to 64.6 billion euros, from 101.8 billion, by the end of 2019.
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Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
EconomyMacroeconomyGreece’s central government primary cash balance landed at a deficit of 877 million euros for the full year up to December 2017, compared to a surplus of 1.95 billion euros for 2016, Bank of Greece (BoG) data revealed on Thursday.
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Travel balance for nine-month period shows surplus of 11.57 bln
EconomyMacroeconomyThe balance of travel services came to a surplus of 11.57 billion euros for the nine months of 2017 according to figure released by the Bank of Greece (BoG).
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Deposit inflows of 272.9 mln recorded in November
EconomyMacroeconomyThe Greek banking system experienced positive inflows of 272.9 million euros in November, compared to inflows of 1.04 billion seen in October, Bank of Greece (BoG) figures revealed on Friday.
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Credit contraction unchanged at 0.9 pct in November
EconomyMacroeconomyCredit contraction in the Greek market remained stable at 0.9 percent in November, unchanged from October, Bank of Greece (BoG) figures showed on Friday.
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Travel balance up by 18.2 pct in October on increased foreign arrivals
EconomyMacroeconomyGreece’s travel receipts increased by 14.2 percent year-on-year in October, compared to a rise of 15.5 percent noted in September, Bank of Greece (BoG) data revealed on Friday.
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BoG sees recovery strengthening, proposes post-MoU safety net
EconomyIn the Interim Report on Monetary Policy for 2017, Bank of Greece (BoG) governor Yannis Stournaras outlined the Greek economy’s positive momentum and the challenges that lie ahead, underlining that the focus of the political system and future policy implementation will decide whether Greece will leave the crisis for good.
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SYRIZA tweaks auction rules to appease MPs, defends clean exit narrative
PoliticsGreek PoliticsThe government tweaked on Thursday its amendment regarding property auctions in order to secure the full support of SYRIZA MPs, who had earlier harangued ministers about the provisions relating to protests against foreclosures.
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Current account deficit at 624.1 mln in October as goods balance worsens
EconomyMacroeconomyGreece’s current account (C/A) balance recorded a deficit of 624.1 million euros in October, worsening compared to the figure from the same time last year when there was a deficit of 267.9 million, Bank of Greece (BoG) figures showed on Thursday.
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Primary cash surplus at 2.33 bln in Nov as expenditure rises, PIB deficit widens
EconomyMacroeconomyGreece’s central government primary cash balance came to a surplus of 2.33 billion euros in the year-to-date up to November, compared to a surplus of 3.58 billion euros for the same time last year, BoG data revealed.