Economy
Credit growth slows to 5.3 pct in Oct amid first outflow since Jan
Credit movement in the Greek private sector slightly slowed in October, rising by 5.3 percent year-on-year (YoY), from 6 percent in September, and 5.8 percent in August, Bank of Greece (BoG) figures released on Monday showed.
Deposit outflow at 550 mln in Oct, led by a decline in corporates
The net private sector deposit movement in the Greek banking system in October turned negative with a drop of 550 million euros, after a rise of 2.26 billion euros in September, based on Bank of Greece (BoG) figures released on Monday.
Building activity back to growth in Aug, but year-to date remains subdued
Building permits growth in August resumed the growth trajectory with a rise of 12.6 percent year-on-year (YoY), after dropping by 2.3 percent in July, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Monday.
Final budget for Oct affirms new targets and tax outperformance
The budget primary balance for the ten months of 2022 came to a deficit of 350 million euros, compared to a deficit of 7.18 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Record FDI flow into Greece raises bar, but is it sustainable?
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Greece has reported record flows of inward investment in 2021 and looks set to exceed the amount again in 2022.
Travel balance of 14.13 bln to Sep beats 2019 record
Greece’s travel balance recorded a surplus of 2.67 billion euros in September, from a 3.83-billion-euro surplus in August, according to Bank of Greece (BoG) data released on Tuesday.
Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
The Finance Ministry tabled in Parliament on Monday the final budget for 2023, which - despite the global challenges - sees Greece outperforming EU peers and avoiding a recession, while also delivering a primary surplus.
Travel receipts almost double, but current account deficit rises by 78 pct in 9M
Greece posted a current account (C/A) deficit of 811.4 million euros in September, from a surplus of 449.1 million euros in August, Bank of Greece (BoG) data showed on Monday.
Industrial turnover grows by 23.5 pct in Sep for lowest rise since end-2022
Greece’s industrial turnover remained on a solid growth path in September, rising by 23.5 percent year-on-year (YoY), though significantly slowing from the growth of 42 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Public debt records back-to-back quarterly drops, falling to 393.49 bln in Q3
Greece’s central government debt recorded a small drop of roughly 700 million euros in the third quarter of the year to 393.49 billion euros, after falling by 365 million to 394.18 billion euros in the second quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.