Search
-
Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomy, the sector had posted net additions of 71 and 84 million respectively, which were more than offset... 33.5 percent in Q1. More than half of the 77 billion euros in NPLs at the end of Q1 derived from... percent in June, according to the Bank of Greece (BoG). Balances fell to 213.86 billion euros
10% -
Current account deficit widens to 404 mln in March
EconomyMacroeconomyGreece's current account (C/A) deficit widened more than four times in March to reach 404 million... income balance by 88 million. This was partly offset by an improvement in the goods’ deficit by 281... surplus (by 284 million) and worsening of the secondary income balance (by 243 million). On the flipside
10% -
Current account deficit widens to 412 mln in May
EconomyMacroeconomythan offset a narrowing of the goods deficit by 88 million and of the primary and secondary income...’ balance is entirely attributed to an improvement in the ships’ balance which turned from negative last... in the goods’ balance largely reflects the improved oil balance, resulting from lower oil prices
10% -
Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln
EconomyMacroeconomythe outstanding balance stood just shy of the 94-billion-euro mark in February. Deductions in loans... increasing to 30 million from 22 million in January leading balance down to 13.09 billion. The household... of 145 million in mortgages, while the outstanding balance edged down to 87 billion. The respective
10% -
Greek 2017 primary surplus confirmed at 4 pct, well above target
EconomyMacroeconomya specific point of highlighting that the calculation of the primary balance for the Economic... into 0.8 percent of GDP. The primary balance exceeded 7 billion euros, standing at 7.08 billion... the latest figures report a total balance of 0.6 percent of GDP, 1.09 billion, and a primary surplus
10% -
Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomyoverly optimistic. Finally, the Council raises caution regarding imports that could put the trade balance assumptions at risk. The MTFS sees the trade balance having a modest negative contribution.... Although the chronic problem of the negative external balance during the crisis was corrected through
10% -
General govt primary cash surplus at 1.45 bln in June as expenditure picks up
EconomyMacroeconomynoted in local governments, where the balance came to 271 million euros compared to a deficit of 90 million last year, representing an increase of 361 million euros. The balance for extrabudgetary.... Overall, the state budget primary balance declined by 1.23 billion euros to come to a deficit of 348
10% -
Greek banks push for return to normality
EconomyBankinghave fallen by 14 percent, or 14.8 billion euros. Excluding off-balance sheet items, NPE stock was reduced by 4.7 billion euros quarter-on-quarter to 92.4 billion 1.2 billion lower than the target... in May. As a result, the outstanding balance decreased to 178.87 billion from 179.33 billion in May
10% -
EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
EconomyMacroeconomyby 2020, slightly lower than 17 percent rate foreseen in the autumn forecast. Inflation is forecast... balance reached 1.1 percent last year, boosted from good GDP growth, a broad-based recovery in taxable... on a ‘no policy change’ scenario, the general government balance is expected to reach 0.5 percent of GDP
10% -
Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
EconomyFeaturesA recent study looking at data from the tourism sector highlights that more than 80 percent... with 549,000 visitors (+46.1 percent). Travel balance The latest travel balance from the Bank of Greece showed that the balance rose by 7.8 percent in May 2019 compared to May 2018. Receipts came to 1.61
10%