Economy
Business loans and consumer credit drive 6% YoY expansion in September
Credit expansion in the Greek private sector slightly slowed in September, rising by 6 percent year-on-year (YoY), from 7.3 percent the previous month, Bank of Greece (BoG) figures released on Tuesday showed.
Corporations raise private sector deposits to highest level since March 2010
Private sector deposits grew further in September, with a net inflow of 2.79 billion euros, after a rise of 2.83 billion euros in August, according to the latest Bank of Greece (BoG) figures released on Tuesday.
Building activity contracts by 8.3% YoY in July
Building activity contracted in July, with a drop of 8.3 percent year-on-year (YoY), after a jump of 21.5 percent in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday.
VAT continues to drive budget performance in Sep, at 1.4 bln euros above target
The budget primary balance was confirmed at a surplus of 7.55 billion euros for September, compared to a surplus of 9.45 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
S&P leaves rating and outlook unchanged at 'BBB' and stable
S&P affirmed on Friday Greece’s credit rating at ‘BBB’ with a stable outlook. The decision reflects a balance between Greece’s robust fiscal discipline and steady economic expansion, against the backdrop of its legacy of elevated government debt and external imbalances.
BoG sees several global challenges, expects Greek economy to hold its ground
The Bank of Greece released on Thursday the latest financial stability report noting that the global economic environment is navigating significant headwinds driven by escalating geopolitical tensions in the Middle East, energy flow disruptions, and a sharp spike in international energy prices.
Greece heads for another record tourism season after strong August receipts
Greece's travel balance recorded a surplus of 4.38 billion euros in August, compared to 4.31 billion euros in July, according to data released by the Bank of Greece (BoG) on Thursday.
Current account balance at 1.74 bln surplus in Aug thanks to services
Greece’s current account stayed at a surplus of 1.74 billion euros in August, from a deficit of 218.5 million euros in the previous month, Bank of Greece (BoG) data released on Monday showed.
Energy and capital goods drive 17.8% YoY rise in industrial turnover for Aug
Greece’s industrial turnover recorded another strong rise of 17.8 percent year-on-year (YoY) in August, from 16.4 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Strong fiscal performance meets hard spending limits
Developments last week reaffirmed how hard it will be for the Greek government to escape the grind of dealing with cost‑of‑living issues. There is a realistic prospect that affordability will dominate the months running up to the next national elections, due by mid‑2027.