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Budget continues to perform strongly in July as VAT beats target by over 1 bln
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Energy propels rise of 19.6% YoY in June industrial turnover
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Current account deficit improves in June, rises to 9.54 bln in first half of year
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Central govt debt rises to 402.64 bln in Q2 on back of repos and bonds increases
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Greece extends debt prepayment strategy with first repayment of EFSF loans
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Primary balance at 5.73 bln up to July as RRF-related spending revs up
Sharp drop in corporate deposits drives 5.18-bln-euro drop in Jan
There was a significant movement in the Greek banking system’s private sector deposits during January, with a net drop of 5.18 billion euros, after a jump of 6.33 billion euros in December, according to the latest Bank of Greece (BoG) figures released on Thursday.
December has a strong seasonal factor as for accounting purposes firms maintain high liquidity at the end of the fiscal year.
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