Economy
Economic sentiment rises to 113 points in August, but consumer and retail confidence slide
Greece’s economic sentiment (ESI) rose by 1.8 points month-on-month in August to reach 113 points, European Commission figures showed on Monday.
Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
Alpha Bank reported a net loss of 2.04 billion euros for the second quarter (Q2) of 2021, compared to a loss of 282.2 million euros in Q1, after booking losses from its Galaxy NPE portfolio securitization.
Credit growth in July slows to 1.2 pct; monthly outflow of 532 mln
Credit movement in the Greek private sector rose an annual 1.2 percent in July, compared with 2.3 percent in June, Bank of Greece (BoG) figures showed on Thursday.
Deposits rose by 1.84 bln in July
Net deposit movements in the Greek banking system continued to rise in July, increasing by 1.84 billion euros compared with inflows of 1.62 billion euros in June, Bank of Greece (BoG) figures revealed.
Budget primary confirms deficit of 9.06 bln in July, beating target
The budget primary balance recorded a deficit of 9.06 billion euros in the first seven months of 2021, compared with a deficit of 7.46 billion in the same period of 2020, the final Finance Ministry (MoF) budget execution bulletin for July showed on Wednesday.
Travel balance increases by wide margin in June from last year's tourism collapse
Greece’s travel balance came to a surplus of 689.4 million euros in June from 38.5 million a year ago, when the pandemic caused a collapse in tourism, Bank of Greece (BoG) data has shown.
Current account shows deficit of 1.34 bln in June as tourism begins to come back
Greece posted a current account (C/A) deficit of 1.34 billion euros in June compared to 1.4 billion euros in May, Bank of Greece (BoG) data showed on Friday.
Industrial turnover rises by 22.4 pct in June
Greece’s industrial turnover rose 22.4 percent from a year earlier in June, compared with a revised increase of 37.6 percent in May.
Central government debt increases 6.53 bln to 387.3 bln in Q2
Greece’s central government debt increased by 6.53 billion euros to 387.3 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2021, from 380.8 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Thursday.
Primary cash balance deficit at 8.67 bln in July
Greece’s central government recorded a primary cash balance deficit of 8.67 billion euros in the first half of the year, according to figures released by the Bank of Greece.