Economy
Building permits up 5 pct in 2022, moderating from 26.6 pct rise in previous year
Building permits closed last year on a growth trajectory thanks to a rise of 16.1 percent year-on-year (YoY), after an increase of 9 percent in November, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday.
Credit growth slows in Feb, loans balance stable at 113.35 bln
Credit movement in the Greek private sector decelerated further in February, still recording a rise of 4.8 percent year-on-year (YoY), from 5.7 percent in January, Bank of Greece (BoG) figures released on Monday showed.
Feb sees back-to-back drops in deposits, landing 6 bln off recent high
The net private sector deposit movement in the Greek banking system dropped further in February, down by 1.46 billion euros, after having declined by 4.5 billion euros in January, based on the latest Bank of Greece (BoG) figures released on Monday.
Budget primary surplus of 4.2 bln in Feb beats target on back of higher VAT, income taxes
The budget primary balance in February was confirmed to be a surplus of 4.22 billion euros, compared to a surplus of 840 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Strong start for travel receipts in Jan, rising by 72 pct YoY to 224.2 mln
Greece’s travel balance recorded a surplus of 26.3 million euros in January, from 71 million euros in December, according to Bank of Greece (BoG) data released on Tuesday.
Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
Greece’s current deficit opened 2023 with a narrow current account deficit of 125.2 million euros, from 2.66 billion euros in December, Bank of Greece (BoG) data showed on Thursday.
Property prices grow by 12.2 pct in Q4, as 2022 sees rise of 11.1 pct
The increase in the nominal value of apartments in Greece remained on a solid footing in Q4 2022, rising by 12.2 percent year-on-year (YoY), from an upwards revised 11.7 percent in Q3, Bank of Greece (BoG) data released on Wednesday showed.
Lenders confident of being well-placed to overcome global banking sector turbulence
Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
Industrial turnover rises 17.7 pct YoY in Jan, but falls sharply MoM at home and abroad
Greece’s industrial turnover remained strong in January, rising by 17.7 percent year-on-year (YoY), from 16.6 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential
As expected, Moody’s kept Greece’s credit rating at ‘Ba3’ on Friday, while it improved the outlook from stable to positive.