Travel balance to July soars by 19 pct, reaching almost 9 bln
Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling
Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing
Current account deficit shrinks to 7 bln in 7 months as energy and imports ease
Loans managed by servicers broadly stable in Q2 at 71.16 bln
Tax revenues continue to outperform in Aug, as ministry explains frugal approach
Cost of Greek corporate loans rises in April, remains well above euro average
After remaining stable for the past five months, the interest rate on households’ new time deposits eased by 10 basis points (bps) to 2.71 percent in April, while the interest on corporate loans rose and remained well above the euro area average, according to the Bank of Greece (BoG).
This rate had peaked at 5.01 percent in June 2012 and was on the decline thereafter. In particular, it dropped by 30 bps in the second half of 2012 and by a further 190 bps in 2013.
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