Economy
Travel balance falls by 97.3 pct in December, 76.5 pct in 2020
Greece’s travel balance came to 0.8 million euros in December from 28.6 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 97.3 percent year-on-year (YoY).
Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
Alpha Bank entered an agreement with US investor Davidson Kempner Capital Management in a deal worth about 230 million euros that moves it towards completing Europe’s second-largest rated NPE securitisation.
New tax debt €7.13 bln in 2020, rising by €1.34 bln in December
The month-on-month rise in Greece's new tax debt came to 1.34 billion euros in December, data from the Independent Authority of Public Revenues (IAPR) has shown.
Current account deficit hits €11.2 bln in 2020 after tourism collapse
Greece’s current account (C/A) balance deteriorated by 8.44 billion euros to a deficit of 11.17 billion euros, compared to a deficit of 2.73 billion euros in 2019, Bank of Greece (BoG) data showed.
Industrial turnover drops 3.5% in December as overseas markets hit
Greece’s industrial turnover fell in December as nascent recovery in the overseas market was stopped in its tracks by the resurgent impact of the pandemic on economies.
Central government debt increases €9.15 bln to €374 bln in Q4
Greece’s central government debt increased by 9.15 billion euros to 374 billion euros quarter-on-quarter (QoQ) in the third quarter (Q4) of 2020, from 364.9 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.
Primary cash deficit at €1.6 bln in January
Greece’s central government recorded a primary cash balance deficit of 1.6 billion euros in January, according to figures released by the Bank of Greece.
Government rolls out red carpet to lure private wealth to Greece
Greece is pulling out the stops to make the country as attractive a place as possible for rich or footloose individuals to put down roots.
Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
The budget primary balance recorded a deficit of 1.47 billion euros in the first month of 2021, compared to a surplus of 495 million noted in January 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for January showed on Monday.
CPI falls by 2 pct YoY in January as apparel and transport drop
Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in January compared to a decline of 2.3 percent seen in December, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.