The National bank of Greece (NBG) has released an analysis examining how Greece could benefit economically by further bolstering its digital sector and investing in the correct infrastructure.
Greece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown.
Greece’s current account (C/A) balance posted a deficit of 1.14 billion euros in February compared to a deficit of 1.29 billion in January, Bank of Greece (BoG) data showed on Tuesday.
Greece’s central government primary cash balance recorded a deficit of 326 billion euros in the first three months of the year according to figures released by the Bank of Greece (BoG).
Greece’s industrial turnover fell by 2.4 percent year-on-year (YoY) in February compared to a slightly upward revised increase of 5.8 percent in January, Hellenic Statistical Authority (ELSTAT) data published on Thursday showed.
The IMF released on Wednesday its Fiscal Monitor report, which compounded the grim picture for Greece on the budget front, after the forecast for a 10 pct in the World Economic Outlook that was published on Tuesday.
Greece completed on Wednesday its first transaction to boost its cash reserves amidst the pandemic crisis by issuing a 7-year bond that raised 2 billion euros.
The budget primary balance recorded a surplus of 595 million euros in the first three months of 2020, compared to a surplus of 1.44 billion noted in March 2019, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Wednesday.
The Centre of Planning and Economic Research (KEPE) has released an analysis of the impact of the coronavirus on Greece’s non-performing loan market.
Greece wants to signal to international markets that despite the heavy toll the pandemic is expected to inflict on the Greek economy, it can move ahead with its debt strategy.