Economy
Credit growth accelerates to 3.6 pct in Dec, led by loans to corporations
The credit expansion in the Greek private sector slightly picked up pace in December, rising by 3.6 percent year-on-year (YoY), up from 2.8 percent in November, Bank of Greece (BoG) figures released on Friday showed.
Building permits pick up pace in Oct with 8.7 pct growth
Building permits picked up pace in October, rising by 8.7 percent year-on-year (YoY), after a rise of 6.2 percent in September, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Primary surplus lands at 3.92 bln in 2023 thanks to significant underspend and RRF funds
The budget primary balance in December was confirmed at a surplus of 3.92 billion euros, compared to a deficit of 6.65 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
IMF approves Article IV consultation, growth seen resilient
The International Monetary Fund (IMF) board approved on Wednesday the Article IV consultation for Greece by endorsing the staff appraisal published mid-November following a mission.
Close to 32 mln visitors by Nov as 11-month travel receipts set record
Greece’s travel balance recorded a surplus of 206.2 million euros in November, from 1.5 billion euros in October, according to Bank of Greece (BoG) data released on Monday.
Industrial turnover completes eighth month of contraction in Nov, falls 2.7 pct YoY
Greece’s industrial turnover remained in contraction in November, dropping by 2.7 percent year-on-year (YoY) from a 2 percent decrease in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Nov current account deficit widens to 3.3 bln, 11M falls below 12 bln
Greece’s current account recorded a deficit of 3.3 billion euros in November, from a deficit of 1.45 billion euros in October, Bank of Greece (BoG) data showed on Friday.
PDMA taps markets for first time this year via modest bond reopening
Greece’s debt managers have tapped the markets for the first time this year, with the re-opening of a 5-year issue that matures in June 2028, which had an initial issue yield of 3.875 pct.
Despite months of input cost declines, rise in agriculture prices doubles to 3.8 pct in Nov
The output price index in agriculture picked up pace in November with a rise of 3.8 percent year-on-year (YoY), doubling from the 1.9 percent in the previous month, ELSTAT data showed on Monday.
Timing factors, underspend lead to budget outperformance of 4.54 bln in 2023
The budget primary balance came to a surplus of 3.69 billion euros for the full year in December, compared to a deficit of 6.65 billion euros in 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.