Economy
Nov sees 5 pct rise in loans, led by corporations and consumer credit
Credit movement in the Greek private sector slightly slowed in November, rising by 5 percent year-on-year (YoY), from 5.3 percent in October, and 6 percent in September, Bank of Greece (BoG) figures released on Thursday showed.
Deposit flow records back-to-back drop of 591 mln in Nov amid grip of cost-of-living crisis
The net private sector deposit movement in the Greek banking system in November stayed negative with a drop of 591 million euros, after another drop of 550 million euros in October, based on Bank of Greece (BoG) figures released on Thursday.
Modest growth of 2.7 pct in building activity during 9M
Building permits in September stayed on a growth trajectory thanks to a rise of 9.1 percent year-on-year (YoY), after an increase of 12.6 percent in August, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Wednesday.
Nov job data delivers worst employment figures on record, as 2022 produces 71,700 fewer places
Greece’s employment balance went further into deep negative territory in November, with 83,627 more departures than hires according to data from the Labour Ministry’s Ergani information system.
Budget primary balance to Nov beats target by 1.15 bln as taxes outperform
The budget primary balance for the eleven months of 2022 came to a deficit of 1.09 billion euros, compared to a deficit of 7.88 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
PDMA sets out modest debt strategy for 2023
Greece’s debt managers published on Friday the debt strategy for 2023, when Greece is expected to follow the same cautious approach as this year.
Arrivals nearly double year-on-year in 10M, travel receipts exceed 17 bln
Greece’s travel balance recorded a surplus of 1.31 billion euros in October, from 2.67 billion euros in September, according to Bank of Greece (BoG) data released on Thursday.
BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist
The Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest global challenges in its forecast for Greece, with growth next year seen declining substantially compared to the 6.2 pct envisaged for 2022.
Oct current account deficit widens to 2.7 bln - worst since 2008
Greece posted a deep current account deficit (C/A) in October of 2.7 billion euros, from a deficit of 811.4 million euros in September, Bank of Greece (BoG) data showed on Wednesday.
PBO sees economy making soft landing, but facing challenges ahead
The Parliamentary Budget Office (PBO) released its latest quarterly report on Tuesday, which highlights some of the concerns for the coming year despite notable progress on the fiscal and economic front this year.