Macroeconomy
Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
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 final Finance Ministry (MoF) budget execution bulletin for January showed.
Credit growth in January rises to 3.7 pct even as flow turns negative
Credit movement in the Greek private sector rose an annual 3.7 percent in January after an increase of 3.5 percent in December, Bank of Greece (BoG) figures showed on Thursday.
Deposits drop by EU1.21 bln in January, first decline in a year
Net deposit movements in the Greek banking system were negative for the first time in a year, falling by 1.21 billion euros in January, compared with inflows of 4.65 billion euros in December, Bank of Greece (BoG) figures revealed on Thursday.
Economic sentiment rises to 91.9 points in February despite drop in consumer confidence
Greece’s economic sentiment (ESI) rose by 1.2 points month-on-month in February to reach 91.9 points, European Commission (EC) figures showed on Thursday.
Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer
The complete picture of a dire year for the retail sector in Greece was captured on Tuesday when the Hellenic Statistical Authority (ELSTAT) released the full-year results for the sector.
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).
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.