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Credit growth picks up pace in Aug, with 7.1% YoY rise
Credit expansion in the Greek private sector slightly accelerated in August, rising by 7.1 percent year-on-year (YoY), from 6.8 percent the previous month, Bank of Greece (BoG) figures released on Friday showed.
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Deposits rise to 224.43 bln, with 2.97 bln inflow in Aug
Private sector deposits grew in August, with a net inflow of 2.97 billion euros, after a drop of 2.01 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Friday.
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VAT continues to drive budget performance in Aug, at 1.21 bln above target
The budget primary balance was confirmed at a surplus of 6.53 billion euros for August, compared to a surplus of 8.5 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
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Politics
Mitsotakis uses UN stage to project leadership as poll shows dip for ELAS
Prime Minister Kyriakos Mitsotakis used his address to the 81st UN General Assembly on Thursday to present Greece as a stabilising force in a turbulent international environment, combining messages of regional diplomacy, economic resilience and technological caution.
ND divided over arrogance in its ranks, as well as fuel costs and farm payments
PM launches tech “investment marathon” in US as fuel prices dominate domestic agenda
Economy
Travel receipts grew 7.2% YoY in July despite drop in arrivals
Greece's travel balance recorded a surplus of 4.31 billion euros in July, compared to 3.12 billion euros in June, according to data released by the Bank of Greece (BoG) on Tuesday.
Current account turns to surplus in July thanks to services, tourism
Scope raises rating to 'BBB+' as Moody's ups outlook to positive
Society
OECD warns young Greeks face deep structural barriers to work, family and housing
The latest OECD report on the challenges faced by young people in Greece captures the complex landscape they must navigate and the hurdles they encounter in their efforts to achieve financial independence, find stable employment, start a family and secure housing.
EU report shows Greece entering new era of extreme ageing and population decline
Trust levels fall again as public perceptions trail economic progress
Agora
The making and unmaking of "Greek statistics"
Back in 2010, the term “Greek statistics” became synonymous worldwide with creative fiscal accounting and institutional failure. When Greece faced bankruptcy in late 2009, the international community discovered that the New Democracy government had understated the country’s fiscal deficit.
Magdeburg shocks Berlin
A summer tan can’t obscure Greek economic reality