Economy
Current account deficit increases to 767.4 mln in Oct as service surplus shrinks
Greece’s current account (C/A) balance in October posted a deficit of 767.4 million euros, up from a deficit of 498.8 million in September, according to a Bank of Greece (BoG) release on Monday.
Greece maintaining investors' interest, EY survey finds
A survey by Ernst & Young (EY) following up from their Attractiveness Survey Europe 2020 earlier in the year has found that investment interest in Greece for the post-pandemic period remains steady.
Industrial turnover drops by 14.4 pct in October
Greece’s industrial turnover fell by 14.4 percent year-on-year (YoY) in October compared to a drop of 10.7 percent in August, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Primary cash balance deficit at 13.45 bln in November
Greece’s central government primary cash balance recorded a deficit of 13.45 billion euros in the first eleven months of the year according to figures released by the Bank of Greece (BoG).
Unemployment at 16.2 pct in Q3
The Greek non-seasonally-adjusted unemployment rate stood at 16.2 percent in the third quarter (Q3) of the year, dropping from a rate of 16.7 percent noted in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Budget primary shows deficit of 13.81 bln in November, above target by 1.48 bln
The budget primary balance recorded a deficit of 13.81 billion euros in the first eleven months of 2020, compared to a surplus of 6.95 billion noted in November 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for November showed on Wednesday.
Loans under credit servicing firms rise by 6.8 pct QoQ to 32.98 bln
The Bank of Greece’s (BoG) released statistics for the third quarter (Q3) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Turnover in services shows year-on-year improvements in Q3
Turnover indices for the services sector showed a slight improvement in the third quarter (Q3) of 2020, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
The Bank of Greece tabled its interim monetary policy report for 2020 on Monday, shedding light on how it expects the Greek economy and banking system to develop next year.
Employment balance negative by 29,933 in Nov, 40,403 fewer jobs created in aggregate
The employment balance was negative with 29,933 more firings than hirings in November, data from the Labour Ministry’s Ergani information system showed.