Economy
Corporate lending drives 10.5 pct YoY rise in credit expansion
The credit expansion in the Greek private sector remained strong in February, rising by 10.5 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Deposits continue to slide in Feb with 6.5 bln loss at start of 2025
The private sector deposits in the Greek banking system continued the contraction in February, with a net decrease of 1.7 billion euros, after a 4.79-billion-euro decline in January, according to the latest Bank of Greece (BoG) figures released on Friday.
Feb prim surplus confirmed at 2.8 bln, as taxes remain strong and spending contained
The budget primary balance was confirmed at a surplus of 2.8 billion euros by February, compared to a surplus of 3.38 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
Jan travel balance at 87.5 mln as 30 pct rise in payments offsets receipts increase
Greece's travel balance recorded a surplus of 87.5 million euros in January, compared to 149.9 million euros in December, according to data released by the Bank of Greece (BoG) on Wednesday.
Moody's upgrade underlines gap between economic story and reality for households
The recent upgrade of Greece’s credit rating by Moody’s to investment grade highlighted the difficulties that Kyriakos Mitsotakis and his administration have had in building traction for the government’s economic record with the Greek public.
Current account at 1 bln surplus in Jan, goods deficit at 2.91 bln
Greece’s current account was in surplus in January of 1.02 billion, from a deficit of 3.6 billion euros in December, Bank of Greece (BoG) data showed on Monday.
Property price rise slows to 8.7 pct in 2024, from 13.9 pct jump in 2023
The growth in the nominal value of apartments in Greece slowed further in the last quarter of 2024, increasing by 6.6 percent year-on-year (YoY) from an upwards revised 8.1 percent in Q3 2024, Bank of Greece (BoG) data released on Thursday showed.
Industrial turnover growth slows to 2.2 pct YoY in Jan with modest manufacturing gains
Greece’s industrial turnover growth slowed in January, rising by 2.2 percent year-on-year (YoY), from a 5.7 percent increase in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Primary surplus lands at 2.72 bln up to Feb, tax collections remains strong
The budget primary balance ran a surplus of 2.72 billion euros up to February, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle
Moody’s upgraded Greece’s rating to ‘Baa3’ on Friday, while the outlook was revised from positive to stable. Greece has now secured the investment grade from all leading rating agencies, for the first time since the debt crisis erupted in 2010.