Economy
Corporate deposits propel savings increase to 208 bln in Sep
The Greek banking system’s private sector deposits rose strongly in September, with a net increase of 2.65 billion euros, after a rise of 2.05 billion euros in August, according to the latest Bank of Greece (BoG) figures released on Monday.
Despite recovery in previous three months, building permits down 9.9 pct YoY to July
Building activity growth was solid in July, with a rise of 12.2 percent year-on-year, after an increase of 6.1 percent YoY seen in June, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
Strong VAT, income tax revenue and restrained spending drive strong primary surplus in Sep
The budget primary balance was confirmed at a surplus of 9.45 billion euros up to September, compared to a surplus of 8.76 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
BoG cautiously optimistic on economy and banking sector
Greece’s economy and banking system are holding firm against global headwinds, according to the Bank of Greece (BoG)’s latest Financial Stability Review.
Travel receipts up by 10.5 pct YoY in Aug on back of 7.5 mln arrivals in
Greece's travel balance recorded a surplus of 4.15 billion euros in August, compared to 4.18 billion euros in July, according to data released by the Bank of Greece (BoG) on Wednesday.
Hiring balance improves by more than 18,000 jobs up to Aug
Greece’s employment balance was negative in August with 2,542 more departures than hires, according to data from the Labour Ministry’s Ergani information system.
Current account deficit improves significantly, reaching 6.62 bln up to Aug
Greece’s current account recorded a surplus of 1.1 billion euros in August, from a surplus of 938.4 million euros in July, Bank of Greece (BoG) data released on Tuesday showed.
Industrial turnover continues to slide with 1 pct YoY drop in Aug
Greece’s industrial turnover dropped further in August, with a decrease of 1 percent year-on-year (YoY), from a 1.8 percent drop in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
S&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing confidence in the country’s fiscal discipline, solid economic growth, and an improving banking sector.
IMF's latest macro and fiscal estimates reflect economic stability
The International Monetary Fund published this week its latest global macro and fiscal forecasts in the context of the annual meetings held in Washington. For Greece, the outlook remains positive although the IMF has a slightly more moderate take than the Greek authorities.