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Travel balance records 127 mln surplus in Q1, much improved on last year
EconomyMacroeconomyThe balance of travel services came to a surplus of 127 million euros for the first quarter (Q1) of 2018 according to figures released by the Bank of Greece (BoG).
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding declined substantially in June, falling by 4.56 billion month-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed.
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Improving trends in property market highlighted by central bank
EconomyBankingThe Bank of Greece (BoG) Monetary Policy released on Monday contained an outlook for the property market in Greece and anticipated developments, which highlighted that signs of stabilisation were noted during 2017.
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BoG report outlines benefits of surveillance and scenarios for debt
EconomyBankingIn the Monetary Policy report that was issued on Monday, Bank of Greece (BoG) dedicates a section on the completion of the third programme based on the agreement that was reached at the June 21 Eurogroup.
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BoG Monetary Policy Report positive on programme end but advises caution for future targets
EconomyBankingBank of Greece (BoG) issued its annual Monetary Policy Report for 2017 – 2018 on Monday, in which it outlines the positive outlook from the completion of the third adjustment programme and the debt and surveillance decisions of the last Eurogroup.
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Deposits positive for fourth month as May sees inflows of 919.4 mln
EconomyMacroeconomyNet deposit movement in the Greek banking system remained positive with inflows of 919.4 million in May versus inflows of 870.1 million in April, Bank of Greece (BoG) figures revealed on Wednesday.
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Credit contraction unchanged at 1.9 pct in May, balance at 179.34 bln
EconomyMacroeconomyCredit contraction in the Greek market remained at 1.9 percent in May, unchanged from April, according to Bank of Greece (BoG) figures released on Wednesday.
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Travel balance down by 29 pct in April as receipts slump
EconomyMacroeconomyGreece’s travel balance fell by 29 percent year-on-year (YoY) in April, dropping into negative territory after March’s growth of 48.30 percent, Bank of Greece (BoG) data revealed on Thursday.
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April current account deficit at 1.34 bln as goods deficit grows
EconomyMacroeconomyGreece’s current account (C/A) balance recorded a deficit of 1.34 billion euros in April, deepening from March’s deficit of 955.8 million, Bank of Greece (BoG) figures showed on Wednesday.
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Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
EconomyMacroeconomyGreece’s central government primary cash balance recorded a surplus of 6.40 billion euros in the first five months of the year, Bank of Greece (BoG) figures showed on Monday.