Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
Fitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable.
Loans grow by 6.3 pct in Dec, highest since 2009
Credit movement in the Greek private sector accelerated in December, rising by 6.3 percent year-on-year (YoY), from 5 percent in November, and 5.3 percent in October, Bank of Greece (BoG) figures released on Friday showed.
Deposits record growth of 5 bln in Dec, balance at highest since summer 2011
The net private sector deposit movement in the Greek banking system turned positive in December with a jump of 5 billion euros, after a drop of 591 million euros in November, based on Bank of Greece (BoG) figures released on Friday.
Building permits rise by 8.2 pct in Oct, but surface and volume fall sharply
Building permits in October remained on a growth trend thanks to a rise of 8.2 percent year-on-year (YoY), after an increase of 9.1 percent in September, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Friday.
Final budget execution for Dec confirms primary deficit beat target by 1.85 bln
The budget primary balance for the year 2022 came to a deficit of 6.65 billion euros, compared to a deficit of 10.33 billion euros during 2021, according to the final Finance Ministry (MoF) budget execution data for December released on Wednesday.
Disposable income rises by 10.2 pct in Q3, saving rate also turns positive
Household disposable income increased by a solid 10.2 percent year-on-year (YoY) in the third quarter (Q3) of 2022, from a 1.7 percent rise in the second quarter (Q2), according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Travel balance up to Nov reaches 15.62 bln, arrivals down 11 pct on 2019
Greece’s travel balance recorded a surplus of 180 million euros in November, from 1.31 billion euros in October, according to Bank of Greece (BoG) data released on Monday.
Growth of industrial turnover slows in Nov, drops by 1.4 pct MoM
Greece’s industrial turnover stayed strong in November, rising by 18.2 percent year-on-year (YoY), after a slightly downwards revised 25.1 percent in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account deficit widens to 3.93 bln in Nov, 17.48 bln in 11M
Greece posted a deep current account deficit (C/A) of 3.93 billion euros in November, from 2.7 billion euros in October, Bank of Greece (BoG) data showed on Friday.
Retail and catering continued to dominate business activity, employment in 2022
The special report issued via the Labour Ministry’s information database ERGANI captures the annual picture regarding firms and employment in the Greek economy and labour market.