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EconomyMacroeconomy
Travel balance improves significantly in first two months of 2022 Greece’s travel balance recorded a surplus of 63 million euros in February, from 60.8 million euros in January 2022, according to Bank of Greece (BoG) data released on Thursday.
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EconomyMacroeconomy
Current account deficit for Jan-Feb at 4.12 bln, significantly higher than 2021 Greece posted a current account (C/A) deficit of 2.12 billion euros in February, from 1.99 billion euros in January, Bank of Greece (BoG) data showed on Wednesday.
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Economy
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct In the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact of the Ukraine conflict on Greek macro data, with the baseline scenario of growth now lower by one percentage point and inflation notably higher.
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EconomyMacroeconomy
Net credit flow turns positive in Feb: 1.4 pct rise led by loans to corporations Credit movement in the Greek private sector accelerated to 1.4 per percent year-on-year (YoY) in February, from 0.9 in January and 1.4 percent also seen in December, Bank of Greece (BoG) figures released on Monday showed.
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EconomyMacroeconomy
Start of 2022 sees back-to-back negative deposit flows for first time in three years The net private sector deposit movement in the Greek banking system in February remained negative, though much contained at 260 million euros, from negative flow of 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Monday.
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EconomyMacroeconomy
Travel surplus of 60.8 mln in Jan substantially higher than a year earlier Greece’s travel balance recorded a surplus of 60.8 million euros in the opening month of 2022, from 64 million euros in December, according to Bank of Greece (BoG) data released on Thursday.
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EconomyMacroeconomy
Current account deficit rises to almost 2 bln in Jan, highest since 2011 Greece posted a current account (C/A) deficit of nearly 2 billion euros in January, from 1.71 billion euros in December, Bank of Greece (BoG) data showed on Wednesday.
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EconomyMacroeconomy Central government reports 853-mln primary cash surplus in Feb as spending is contained YoY Greece’s central government recorded a primary cash surplus of 853 million euros in February, from a deficit of 891 million euros in the same month of 2021, according to figures released by the Bank of Greece on Thursday.
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EconomyBanking
Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln In the last quarter (Q4) of 2021, loans managed by Credit Servicing Firms (CSF) stood at 79.74 billion euros, according to data released by the Bank of Greece (BoG) on Wednesday.
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EconomyMacroeconomy
Deposits decline by 2.23 bln in customary Jan drop The net private sector deposit movement in the Greek banking system turned negative in January by 2.23 billion, after rising significantly by 4.29 billion euros in December, based on Bank of Greece (BoG) figures released on Friday.