Economy
Deposits rise by 421 mln in August as aggregate growth nearly doubles
Net deposit movements in the Greek banking system were positive by 421 billion euros in August, up from inflows of 3.32 billion in July, Bank of Greece (BoG) figures revealed on Friday.
Credit growth in August up by 1.9 pct
Credit movement in the Greek private sector rose by 1.9 percent in August after an increase of 1.5 percent in July, Bank of Greece (BoG) figures showed on Friday.
Lamda, Viohalco and EYDAP report H1 results impact from Covid-19
Property developer Lamda Development’s half year (H1) results for 2020 showed that EBITDA dropped by 39.1 percent across the group’s three main shopping centres.
Apartment prices rise by 4.1 pct in Q2
The rise in the nominal value of apartments in Greece came to 4.1 percent year-on-year (YoY) in the second quarter (Q2) of 2020 from a revised increase of 6.6 percent in Q1 2020, Bank of Greece (BoG) data showed on Thursday.
Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions
Greece officially completed its seventh post-programme review on Wednesday, when the European Commission released the relevant report.
Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct
The tourism industry helped Greece generate almost up to a third of its GDP last year, according to a new study, but the low number of arrivals this year could shave off a tenth of national output this year.
BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Speaking at an online event organised by a local think-tank, Bank of Greece governor Yannis Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic on the economy.
Travel balance falls by 85.1 pct in July
Greece’s travel balance came to 516.4 million euros in July from 3.47 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 85.1 percent year-on-year (YoY).
Current account shows deficit of 874.5 mln in July as travel receipts disappoint
Greece’s current account (C/A) balance posted a deficit of 874.5 million euros in July compared to a deficit of 1.42 billion euros in June, Bank of Greece (BoG) data showed on Monday.
Industrial turnover drops by 16.2 pct in July as manufacturing slows
Greece’s industrial turnover fell by 16.2 percent year-on-year (YoY) in July compared to a drop of 3.8 percent in June, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.