Central bank reports increase in deposits in Greek banks in Aug. 2023
The monthly net flow of total deposits in August 2023 was positive by 408 million euros
The monthly net flow of total deposits in August 2023 was positive by 408 million euros
Businesses in the country should cut profit margins, which have widened significantly, Bank of Greece (BoG) Gov. Yannis Stournaras told CGTN
The central bank, in its monthly report, said the annual growth rate of total deposits reached 3.4 percent in June 2023, compared with 3.3 percent the previous month
The country’s central bank reported that travel receipts rose by 24.8 percent in May 2023
His comments came as the ECB has raised interest rates to their highest level in 22 years, following its latest decision last month
The forecast was included in the central bank’s monetary policy report for 2022-23
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The annual growth rate remained mostly unchanged
The central bank attributed the development to a noteworthy increase in regular budget revenues, which reached 17.785 billion euros, up from 15.611 billion euros in 2022
Speaking at a forum on banking organized by the national Institute of Internal Auditors, Stournaras said conditions are necessary for the country to achieve and maintain a coveted investment-grade rating
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In a radio interview, the influential Greek central banker said that Greece remains at Europe’s unenviable top spot in terms of tax evasion
The Greek state budget is expected to record a primary surplus of 0.7 percent
Moreover, in echoing the government’s confidence - and coveted target - over recent months, Stournaras said he believes the Greek economy will soon achieve an investment grade rating
The balance of travel services in January 2023 showed a surplus of 26.3 million euros, down from a surplus of 44.0 million euros in January 2022
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Net earnings, after provisions, reached 456.8 million euros, while total net proceeds totaled 938.7 million euros, down from 1.011 billion euros in 2021, down by 7.2 percent
Bank deposits held by households and businesses in Greece dropped by 1.4 billion euros in January 2023
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Reached 52,241 up by 14.6 percent from the 2021
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