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Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
EconomyMacroeconomylast year, the deficit was 1.40 billion euros, meaning that the deficit has improved by 264.3 million euros year-on-year (YoY). According to the BoG, April’s performance is primarily attributable..., declining by 26.4 percent year-on-year (YoY). The services balance dropped sharply by 40.9 million
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Newsletter 256 -03/07/2020
that the government's goal this year is to secure 4 billion euros in travel receipts, compared to 18 billion in 2019. Until fairly recently, the purported target for this year was 10 billion euros in receipts from... closed. This translates into activity at roughly 10 percent of last year’s Greece has opened its
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Current account shows deficit of 913.9 mln in May as travel receipts evaporate
EconomyMacroeconomylast year, there a surplus of 269.7 million euros, meaning that the balance has worsened by 1.18 billion euros year-on-year (YoY). According to the BoG, May’s performance is primarily attributable... for the balance of goods came to 1.21 billion euros, declining by 47.7 percent year-on-year (YoY
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Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
EconomyMacroeconomyperiod last year, the balance showed a surplus of 805.3 million euros, meaning that the deficit has worsened by 2.22 billion euros year-on-year (YoY). According to the BoG, June’s performance stems from.... The deficit for the balance of goods came to 1.34 billion euros, declining by 15.1 percent year
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBanking) of the year came to 87 million euros, unchanged from the figure in the same period last year. Core pre-provision income (PPI) fell by 5.4 percent quarter-on-quarter (QoQ) to 217.3 million. Year-on-year (YoY), core PPI rose by 7.9 percent in H1 from 446.9 million euros a year ago. Management said
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Current account deficit hits €11.2 bln in 2020 after tourism collapse
EconomyMacroeconomythat the month’s deficit worsened by 81.5 million euros year-on-year (YoY). According to the BoG, December’s... of goods came to 1.53 billion euros, declining by 6.3 percent year-on-year (YoY). The services balance... 800,000 euros, dropping by 97.2 percent YoY. The travel balance for last year came to 28.6 million
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Newsletter 293 - 16/04/2021
%, emphasising the magnitude of the decline since last year. Nevertheless, this has led to no change... party’s suggestions. Beyond that, given that the speculation about snap elections later this year has.... For the same month last year, there was a deficit of 337 million euros. The budget balance in the first
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Current account shows deficit of 2.08 bln in April as trade continues overall rebound
EconomyMacroeconomya deficit of 1.15 billion euros, meaning that the month’s deficit worsened by 932.9 million euros year-on-year (YoY). According to the BoG, April’s performance is due to a deterioration in the balances..., worsening by 55.2 percent year-on-year (YoY). The services balance came to a surplus of 302.3 million, down
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Current account shows deficit of 1.4 bln in May as imports rise
EconomyMacroeconomya deficit of 926 million euros, meaning that the month’s deficit worsened by 476.7 million euros year-on-year (YoY). According to the BoG, May’s performance is mainly due to a worsening in the balance... euros, worsening by 50.6 percent year-on-year (YoY). The services balance came to a surplus of 315.8
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Current account shows deficit of 1.34 bln in June as tourism begins to come back
EconomyMacroeconomya deficit of 1.43 billion euros, meaning that the month’s improved by 87.6 million euros year-on-year (YoY..., worsening by 55.6 percent year-on-year (YoY). The services balance came to a surplus of 834.3 million... from last year, when tourism was impacted by the initial wave of the pandemic and came to just 38.5
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