Economy
Feb sees back-to-back drops in deposits, landing 6 bln off recent high
The net private sector deposit movement in the Greek banking system dropped further in February, down by 1.46 billion euros, after having declined by 4.5 billion euros in January, based on the latest Bank of Greece (BoG) figures released on Monday.
Budget primary surplus of 4.2 bln in Feb beats target on back of higher VAT, income taxes
The budget primary balance in February was confirmed to be a surplus of 4.22 billion euros, compared to a surplus of 840 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Strong start for travel receipts in Jan, rising by 72 pct YoY to 224.2 mln
Greece’s travel balance recorded a surplus of 26.3 million euros in January, from 71 million euros in December, according to Bank of Greece (BoG) data released on Tuesday.
Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
Greece’s current deficit opened 2023 with a narrow current account deficit of 125.2 million euros, from 2.66 billion euros in December, Bank of Greece (BoG) data showed on Thursday.
Property prices grow by 12.2 pct in Q4, as 2022 sees rise of 11.1 pct
The increase in the nominal value of apartments in Greece remained on a solid footing in Q4 2022, rising by 12.2 percent year-on-year (YoY), from an upwards revised 11.7 percent in Q3, Bank of Greece (BoG) data released on Wednesday showed.
Lenders confident of being well-placed to overcome global banking sector turbulence
Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
Industrial turnover rises 17.7 pct YoY in Jan, but falls sharply MoM at home and abroad
Greece’s industrial turnover remained strong in January, rising by 17.7 percent year-on-year (YoY), from 16.6 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential
As expected, Moody’s kept Greece’s credit rating at ‘Ba3’ on Friday, while it improved the outlook from stable to positive.
Wages record back-to-back growth of 7.1 pct in Q4 2022
Greece’s seasonally adjusted (SA) Wages Index remained in solid growth territory rising by 7.1 percent year-on-year (YoY) in the last quarter of 2022, after a 7.3 percent increase in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Budget primary balance beats target by 2.39 bln in Feb as taxes outperform
The budget primary balance in February came to a surplus of 4.2 billion euros, compared to a surplus of 840 million euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday.