Economy
Rise of deposits moderates to 384 mln in April
The net private sector deposits in the Greek banking system increased in April with a rise of 384 million euros, after a 1.67-billion-euro rise in March, based on the latest Bank of Greece (BoG) figures released on Wednesday.
Credit growth unchanged in April at 4.5 pct, flow turns negative
The credit expansion in the Greek private sector was unchanged in April, rising by 4.5 percent year-on-year (YoY), Bank of Greece (BoG) figures released on Wednesday showed.
Despite further slowdown, property prices grew by 10.4 pct in Q1
The growth in the nominal value of apartments in Greece continued at a steady pace in the first quarter of 2024, increasing by 10.4 percent year-on-year (YoY) from an upwards revised 12.4 percent in Q4 2023, Bank of Greece (BoG) data released on Tuesday showed.
Building permits jump by 77.8 pct in Feb for second highest rise since pandemic
The strong start to the year continued for building permits, with a rise of 77.8 percent year-on-year (YoY), after a 15.1 percent increase in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday.
Primary surplus of 3.28 bln confirmed for Apr as timing and taxes support budget
The budget primary balance was confirmed at a surplus of close to 3.28 billion euros in April, compared to a surplus of 2.44 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Slow pace at which RRF funds reaching firms a growing issue
A regular note on the Greek economy published by the Bank of Greece has highlighted concerns about the benefits from the RRF facing headwinds given the scheme’s demanding and finite schedule, the need to meet tight milestones and the legacies of the decade-long crisis, which has dented Greek entrepreneurship.
Q1 travel receipts point to bumper tourism season, balance up 25 pct
Greece's travel balance recorded a surplus of 136.6 million euros in March, compared to 111.7 million euros in February, according to data released by the Bank of Greece (BoG) on Wednesday.
Seasonal jobs for chefs, waiters and cleaners propel April hiring balance to highest on record
Greece’s employment balance had another strong month in April, with 132,352 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Inflation and property data cloud economic picture
Although most of the attention after the Easter break in Greece has gradually shifting towards the European Parliament elections on June 9, the economy continues to pose challenges for the government and to be a source of doubt about some policy choices.
Q1 current account deficit widens to 4.15 bln as exports continue to shrink
Greece’s current account recorded a deficit of 2.69 billion euros in March, from a deficit of 3.1 billion euros in February, Bank of Greece (BoG) data showed on Tuesday.