Economy
Deposits drop by 607 mln in July, led by corporate savings
The net private sector deposits in the Greek banking system shrunk in July with a drop of 607 million euros, after a 3.83-billion-euro jump in June, according to the latest Bank of Greece (BoG) figures released on Wednesday.
Credit flow turns negative in July with outflow for corporations at 1 bln
The credit expansion in the Greek private sector kept up its recent pace in July, rising by 6.4 percent year-on-year (YoY), from 6.1 percent in the previous month, Bank of Greece (BoG) figures released on Wednesday showed.
Building activity's upward course halts in May with 19.6 pct YoY drop
The strong start to the year for building activity halted in May, with a sharp drop of 19.6 percent year-on-year (YoY), after a rise of 40.1 percent in April, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Wednesday.
Corporate, income taxes and VAT propel tax outperformance in July above 2 bln
The budget primary balance was confirmed at a surplus of 5.67 billion euros in July, compared to a surplus of 3.56 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Bumper results for banks add to frustration over interest rates, fees
Over recent weeks, the Greek systemic banks released another set of solid results for H1, with strong profitability and building on last year’s performance that allowed them to distribute total dividends exceeding 900 million euros, the first distribution to shareholders in 16 years.
Tourist arrivals up by 15.5 pct in H1, average spend down by 3.1 pct
Greece's travel balance recorded a surplus of 2.86 billion euros in June, compared to 1.65 billion euros in May, according to data released by the Bank of Greece (BoG) on Wednesday.
Manufacturing leads industrial turnover rise of 4.7 pct YoY in Jun
Greece’s industrial turnover picked up pace in June, rising by 6.1 percent year-on-year (YoY) from a 4.7 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Current account balance turns positive in June thanks to improved services surplus
Greece’s current account turned to a 270 million surplus in June, from 2.35 billion euros in May, Bank of Greece (BoG) data showed on Tuesday.
Central govt debt rises by 1.5 bln in Q2, to 407 bln
Greece’s central government debt recorded a rise of roughly 1.5 billion euros to 407.06 billion euros in Q2 2024, the Finance Ministry's (MoF) debt bulletin showed on Monday.
Primary balance 4 bln above target in Jul due to underspend and tax performance
The budget primary balance recorded a surplus of 5.68 billion euros by July, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.