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EconomyMacroeconomy
May cash deficit improves markedly YoY as revenues rise by 3.5 bln Greece’s central government recorded a primary cash deficit of 842 million euros in May, from a deficit of 2.09 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Friday.
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EconomyMacroeconomy
Travel balance back to normal, but Apr C/A deficit of 1.62 bln impacted by goods deficit Greece posted a current account (C/A) deficit of 1.62 billion euros in April, from a 2.33-billion-euro deficit in March, Bank of Greece (BoG) data showed on Monday.
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PoliticsGreek Politics
Concerns about RRF growing as deadlines loom There are growing concerns about whether the Greek government can keep up with the pace necessary to ensure the release of EU funding from the Recovery and Resilience Facility (RRF) for a wide range of projects, while Bank of Greece governor Yannis Stournaras has urged the authorities to ensure that the money goes to the appropriate enterprises.
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EconomyMacroeconomy
Credit growth at 2.8 pct in Apr, highest in 13 months Credit movement in the Greek private sector accelerated to 2.8 percent year-on-year (YoY) in April, from 1.6 percent in March, and 1.4 percent in February, Bank of Greece (BoG) figures released on Friday showed.
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EconomyMacroeconomy
Deposits grow by 1.35 bln in April, reversing Q1 trend The net private sector deposit movement in the Greek banking system in April turned positive to 1.35 billion euros, from a negative flow of 989 million euros in March, and negative movement of 258 million seen in February, based on Bank of Greece (BoG) figures released on Friday.
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EconomyMacroeconomy
Removal of restrictions boosts travel receipts in Mar Greece’s travel balance recorded a surplus of 77 million euros in March, from 63 million euros in February, according to Bank of Greece (BoG) data released on Monday.
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EconomyMacroeconomy
Central govt cash balance records surplus of 714 mln in April, improves by 5 bln YoY in first four months Greece’s central government recorded a primary cash surplus of 714 million euros in April, from a deficit of 2.23 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Wednesday.
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EconomyMacroeconomy Credit growth edges up to 1.6 pct in Mar, led by rise in business loans Credit movement in the Greek private sector accelerated slightly to 1.6 percent year-on-year (YoY) in March, from 1.4 per percent in February, 0.9 percent in January, Bank of Greece (BoG) figures released on Friday showed.
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EconomyMacroeconomy
Deposits drop for third straight month as corporates lead fall of 988 mln The net private sector deposit movement in the Greek banking system in March stayed negative, falling by a further 988 million euros, from 260 million in February, and 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Friday.
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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.