Economy
Credit expansion reaches just 66 mln of inflows in May
The credit expansion in the Greek private sector was little changed in May, rising by 4.8 percent year-on-year (YoY), from 4.5 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
The strong start to the year for building activity continued in March, with a rise of 39.8 percent year-on-year (YoY), after a 77.8 percent increase in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Sentiment drops marginally in June, consumer confidence improves slightly
Greece’s economic sentiment (ESI) moderated slightly in June, reaching 110.6 points, from 111 points in the previous month, according to European Commission figures released on Thursday.
BoG sees sustained growth, argues challenges require wide-ranging policy interventions
The Bank of Greece (BoG) published on Wednesday its latest monetary policy report in which the central bank highlights the sustained growth of the Greek economy, outlines the challenges and makes a wide range of policy recommendations.
VAT and income tax takings plus 721 mln underspend lead to 3.2 bln primary surplus in May
The budget primary balance was confirmed at a surplus of 3.2 billion euros in May, compared to a surplus of 2.3 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Greece out of fiscal spotlight, but economic imbalances still a worry
The European Commission announced last week that it started an excessive deficit procedure for France and Italy, but Greece is not in the spotlight over its public finances, although Brussels has again highlighted various imbalances in its economy.
Travel balance rises to 1.79 bln in in first four months as arrivals increase by 20 pct
Greece's travel balance recorded a surplus of 571.2 million euros in April, compared to 136.6 million euros in March, according to data released by the Bank of Greece (BoG) on Friday.
Industrial turnover soars by 18 pct YoY in Apr, strongest since early 2023
Greece’s industrial turnover took off in April, rising by 18 percent year-on-year (YoY) from a 6.1 percent decrease in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Current account deficit continues to grow, reaching 6.84 bln up to Apr
Greece’s current account recorded a deficit of 2.69 billion euros in April, unchanged from the deficit in March, Bank of Greece (BoG) data showed on Thursday.
Strong tax performance and underspend push primary surplus up to 3.15 bln in May
The budget primary balance recorded a surplus of 3.15 billion euros in May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.