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Despite sharp increase in Dec, current account deficit improves markedly in 2025 to 14.11 bln
EconomyMacroeconomyto 7.57 billion euros in December, from 7.01 billion last year. At the same time, total exports came
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Athens aiming to step up diplomatic contact with neighbours
PoliticsForeign Policywith which bilateral relations are strained due to unresolved diplomatic issues. Within this context.... Erdogan’s visit to Greece could be seen as the clearest sign of an effort to put bilateral... of bilateral relations, Athens is seeking to re-launch channels of communication with Ankara in order
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Clashes add to political tension over division, police violence
PoliticsGreek Politicsadvised them that the man who had been beaten was a member of a radical left group and had been... as police clashed with some protestors. One policeman was dragged off his motorcycle and beaten. Along
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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyGreek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG). Net flow turned positive for the first time since December with inflows amounting to 501 mi...
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyThe Greek general government (gg) primary cash balance showed a surplus of 2.18 billion euros in 2014 from deficit of 884 million in 2013, according to the gg bulletin published by the Ministry of Finance (MoF) on Friday. However, the end-year figure of...
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Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 875 million eurso to 3.97 billion in the 10-month period of 2016 from 4.84 billion a year ago, Bank of Greece (BoG) figures displayed on Thursday. This year’s figure, though, incorporates arrears’...
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday. In the previous month, it dropped at a slower pace of ...
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit of 3.43 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. In the firs...
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Newsletter 37 - 31/07/2015
difficulties in the handling and shipping of raw materials have resulted in a further deceleration...), around 80 percent of the required raw materials and intermediate products for domestic production are imported. This means that most export companies buy raw materials from importers of those products
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Greek business feeling the pinch from capital controls
Economyinternational presence. At the same time, the continuing difficulties in the handling and shipping of raw... to the Greek International Business Association (SEVE), around 80 percent of the required raw... companies buy raw materials from importers of those products. Under current circumstances, importers
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