Economy
Travel balance increases more than eightfold in May from last year’s lockdown
Greece’s travel balance came to a surplus of 112.1 million euros in May from 12 million a year ago, when Greece was in its first lockdown, Bank of Greece (BoG) data has shown. This is equal to an increase of 836.3 percent year-on-year (YoY).
Current account shows deficit of 1.4 bln in May as imports rise
Greece posted a current account (C/A) deficit of 1.4 billion euros in May compared to 2.08 billion euros in April, Bank of Greece (BoG) data showed on Wednesday.
Industrial turnover jumps by 37 pct in May on base effects
Greece’s industrial turnover rose 37 percent from a year earlier in May, compared with a revised increase of 52.3 percent in April.
Primary cash balance deficit at 9.27 bln in June
Greece’s central government recorded a primary cash balance deficit of 9,27 billion euros in the first half of the year, according to figures released by the Bank of Greece.
Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
As anticipated, Fitch kept its credit rating for Greece steady at ‘BB’ with a stable outlook.
Budget primary shows deficit of 9.09 bln in June, beating target
The budget primary balance recorded a deficit of 9.09 billion euros in the first half of 2021, compared with a deficit of 6.1 billion in the same period of 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for June showed on Thursday.
New tax debt at 2.9 bln in May, rising by 340 mln month-on-month
The month-on-month rise in Greece's new tax debt came to 340 million euros in May, data from the Independent Authority of Public Revenues (IAPR) has shown.
Employment balance positive by 73,502 in June; most on record for month
The employment balance was positive with 73,502 more hirings than people leaving their jobs in June, data from the Labour Ministry’s Ergani information system showed.
Building permits jump by 124.5 pct in April, from year-earlier lockdown
Building permits increased by 124.5 percent year-on-year (YoY) in April after an increase of 42.9 percent seen in March, Hellenic Statistical Authority (ELSTAT) data released on Monday showed.
Car sales shoot up by 40.3 pct YoY in June, continuing recent trend
Road motor vehicles going into circulation for the first time continued their rise by 40.3 percent year-on-year (YoY) in June, after a rise of 54.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday.