Economy
Credit expansion slows in Jan with 2.73 bln outflow
The credit expansion in the Greek private sector slightly slowed in January, rising by 3 percent year-on-year (YoY), up from 3.6 percent in December, Bank of Greece (BoG) figures released on Tuesday showed.
Jan sees sharp drop of 5.24 bln in deposits, led by corporations
The net private sector deposits in the Greek banking system contracted significantly in January with a drop of 5.24 billion euros, after a 6.38 billion euros jump in December, based on the latest Bank of Greece (BoG) figures released on Tuesday.
Budget starts new year on track, timing factors lead to 1.16 bln outperformance
The budget primary balance was confirmed at a surplus of 2.28 billion euros in the opening month of 2024, compared to a surplus of 2.77 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Record year for Greek tourism raises concerns about sustainability
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Greece received record numbers of visitors and income from tourism in 2023, marking a remarkable comeback from the lean years of the pandemic – but, beneath the surface, the figures give some cause for concern.
Record year for tourism in 2023 with 20.46 bln in receipts, 32.74 mln visitors
Greece's travel balance recorded a surplus of 114.9 million euros in December, compared to 206.2 million euros in November, according to data released by the Bank of Greece (BoG) on Wednesday.
Industrial turnover drops by 7.2 pct in Dec, pulling 2023 figure 4.1 pct lower
The contraction in Greece’s industrial turnover accelerated in December, dropping sharply by 7.2 percent year-on-year (YoY) from a 2.5 percent decrease in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Current account deficit drops sharply to 14.13 bln in 2023 as energy effects moderate
Greece’s current account recorded a deficit of 2.25 billion euros in December, from a deficit of 3.3 billion euros in November, Bank of Greece (BoG) data showed on Tuesday.
European Commission leaves 2024 growth estimate of 2.3 pct unchanged
The European Commission left Greece’s growth estimate for 2024 unchanged in the latest winter forecast published on Thursday, expecting the Greek economy to grow by 2.3 pct.
Strong start to budget execution in 2024 as Jan brings 2.12 bln primary surplus
The budget primary balance started the new year strongly with a surplus of 2.12 billion euros in January, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday.
CPI at 3.1 pct in Jan, foods up by 8.3 pct
The growth in Greece’s Consumer Price Index (CPI) slowed down marginally in January, when there was a rise of 3.1 pct increase year-on-year (YoY), after an increase of 3.5 pct in December, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).