Economy
Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
Greece’s current deficit in March widened to 2.4 billion euros, from a deficit of 1.32 billion euros in February, Bank of Greece (BoG) data showed on Monday.
Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
Greece’s industrial turnover remained in growth territory in March, slowing down considerably to 1.5 percent year-on-year (YoY), February, from 6.7 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Central debt records small rise to 401.53 bln in Q1
Greece’s central government debt recorded a rise of 1.3 billion euros to 401.53 billion euros in Q1 2023, the Finance Ministry's (MoF) debt bulletin showed on Friday.
PDMA nears completion of annual debt strategy, taking another cautious step
Greece’s debt managers have taken the next step in their borrowing strategy for this year by re-opening two bonds on Wednesday that fetched 400 million euros collectively.
Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct
Eurobank posted an adjusted net profit of 255.3 million euros in Q1 2023, compared to a profit of 302.4 million euros last year.
Jobs in hotels, hospitality push April hirings balance to near-record level
Greece’s employment balance in April was positive by 123,079 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year
The European Commission upped its outlook on Greece for this year in its latest forecast published on Monday. It now expects the Greek economy to grow by 2.4 pct in 2023, from 1.2 seen in the previous estimate in February.
Budget primary surplus of 2.43 bln in April thanks to 1.64 bln tax outperformance
The budget primary balance came to a surplus of 2.34 billion euros in April, compared to a deficit of 799 million euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
The contraction of Greece’s import price index accelerated in March, falling by 12.7 percent year-on-year (YoY), after dropping by 5.6 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
BoG stresses need to avoid putting investment grade at risk
In its latest financial stability report published on Thursday, the Bank of Greece highlights the progress achieved in domestic banking and notes the challenges that lie ahead for the sector and the Greek economy.