Economy
Corporate lending leads credit to 5.5 pct growth in Jul, highest since Sep 2009
Credit movement in the Greek private sector gathered more pace in July, rising by 5.5 percent year-on-year (YoY) from a 4.5 percent rise in June, and 3.3 percent in May, Bank of Greece (BoG) figures released on Friday showed.
Growth in private sector deposits slows to 483 mln in July as corporate deposits drop
The net private sector deposit movement in the Greek banking system in July slowed down to the lowest since April, rising by 483 million euros, from a jump of 2.72 billion euros in June, and 1.31 billion euros in May, based on Bank of Greece (BoG) figures released on Friday.
VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
The budget primary balance for the seven months of 2022 came to a deficit of 1.16 billion euros, compared to a deficit of 9.06 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
Despite seasonal recruitment in accommodation and catering, hiring balance slows to 2,999 in July
Greece’s employment balance slowed down in July with 2,999 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Travel balance of 4.19 bln in H1 beats 2019 as tourism sector leaves pandemic behind
Greece’s travel balance recorded a surplus of 2.42 billion euros in June, from 1.19 billion euros in May, according to Bank of Greece (BoG) data released on Monday.
Another strong rise for industrial turnover in June as petroleum products drive 43.1 pct increase
Greece’s industrial turnover growth continued on a solid path in June, jumping by 43.1 percent year-on-year (YoY), from an upwards revised 53.7 percent in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Tourism shrinks June current account deficit, but goods deficit shoots up in H1
Greece posted a current account (C/A) deficit of 722.9 million euros in June, from a 2-billion-euro deficit in May, Bank of Greece (BoG) data showed on Friday.
Public debt records first marginal drop, to 394 bln, in Q2 as IMF repaid and bond activity limited
Greece’s central government debt recorded a small drop of roughly 365 million euros in the second quarter of the year to 394.18 billion euros, after an increase of more than 6 billion euros in the first quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.
Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060
Greece is a step away from exiting the enhanced surveillance regime, the monitoring regime that was introduced after the completion of its third bailout, which is due to expire on August 20.
Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
The budget primary balance up to July 2022 came to a deficit of 1.17 billion euros, compared to a deficit of 9.06 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Tuesday.