Economy
Economic sentiment declines to 90.7 points in January as construction and retail strengthen
Greece’s economic sentiment (ESI) declines by 1.1 points month-on-month in January to reach 90.7 points, European Commission (EC) figures showed on Thursday.
Newest Greek market foray for 10-yr bond breaks two records
Greece took its first step towards executing the debt strategy for the new year with an impressive transaction for a 10-year bond issue that ended up breaking two records in the country’s sovereign market.
Budget primary confirmed at deficit of 18.20 bln in 2020
The budget primary balance recorded a deficit of 18.20 billion euros in 2020, compared to a surplus of 5.02 billion noted in 2019, the final Finance Ministry (MoF) budget execution bulletin for December showed on Monday.
New tax debt at 5.79 bln to November, rising by 847 mln month-on-month
The month-on-month rise in Greece's new tax debt came to 847 million euros in November, data from the Independent Authority of Public Revenues (IAPR) has shown.
Fitch keeps Greece at 'BB' rating as risks remain on horizon
As was broadly expected, on Friday night Fitch kept Greece’s credit rating and outlook unchanged, at ‘BB’ and stable.
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
In its regular release cycle of the financial stability report on Thursday, Bank of Greece (BoG) stepped up its warnings regarding the pandemic’s impact on the Greek banking system.
Travel balance falls by 62.9 pct in November
Greece’s travel balance came to 40.4 million euros in November from 108.8 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 62.9 percent year-on-year (YoY).
Primary cash balance deficit at 17.82 bln in 2020
Greece’s central government primary cash balance recorded a deficit of 17.82 billion euros in 2020 according to figures released by the Bank of Greece (BoG).
Current account shows deficit of 1.26 bln in November
Greece’s current account (C/A) balance posted a deficit of 1.26 billion in November compared to 767.4 million in October, Bank of Greece (BoG) data showed.
Industrial turnover drops by 2.9 pct in November
Greece’s industrial turnover fell by 2.9 percent year-on-year (YoY) in November compared to a revised drop of 14.3 percent in October, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.