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Current account surplus reaches 1.68 bln in July thanks to services
EconomyMacroeconomyis due to the rise in the services surplus by 472 million and a narrowing of the income deficit by 139... payments for ships’ purchases. In contrast, the widening of the services’ surplus by 16.4 percent.... The travel services’ surplus in particular hiked 15.1 percent to 2.55 billion euros, mainly stemming
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December current account deficit at 1.24 bln on falling services balance
EconomyMacroeconomyin all main components, except for the balance of goods. The services balance fell to 449.5 million from... prices, respectively. As mentioned, the services balance recorded a fall of 16.3 percent... payments, leading to a services balance of 10.7 million, which is 34.5 million euros lower than
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Turnover in services sector shows deteriorations in Q1 2018
EconomyMacroeconomyTurnover indices for the services sector recorded a slight deterioration in the first quarter (Q1.... Specifically, seven of the 15 services posted a drop in the current quarter compared to declines in five... percent) and services to buildings and landscape activities (-12 percent). In the sectors
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July current account shows surplus of 1.58 bln as tourism drives services surplus
EconomyMacroeconomyby strong performance in the services surplus which offset a deepening of the balance of goods deficit... in the services balance, the surplus of which rose by 14.3 percent YoY to 3.75 billion..., the services balance and the secondary income account improved by 884.5 million and 73.7 million
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Feb current account deficit at 990.4 mln as services balance improves
EconomyMacroeconomyby improvements in the services balance and primary income account. The deficit of the balance... driven by the non-oil balance of goods worsening by 9.2 percent. The services balance improved... partially offset by improvements in the services balance and primary income accounts. The primary income
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Newsletter 163 -25/05/2018
balance deficit offsets services balance decline Compared to last year, the headline figure... in the primary income balance by 80.4 million to offset the services balance declining by 81.2 million... in the services surplus (-162.3 million) and secondary income (-64.6 million).
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Turnover in services sector deteriorates in Q1
EconomyMacroeconomy) and information service activities (+13.2 percent). The latest services confidence indicator provided...The majority of the turnover indices for the services sector fell year on year in the first quarter... out of the 14 services activities recorded a drop in Q1 with the most remarkable decreases
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingRecovery Banking Unit platform will be transferred to a new servicer company. Eighty percent of the new servicer company will be held by Intrum and 20 percent by Piraeus Bank. The company will enter... new inflows. In addition, the new servicer will also manage the NPEs of third parties. The initial
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomygovernment net receipts from the EU. In contrast, the services’ surplus rose by 128 million, while... to that of imports (+1.5 percent). The widening of the services surplus by 20 percent is mainly due to soaring... attributed to an expansion of the services’ surplus by 2.79 billion and to a lesser extent smaller income
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Improvement for services sector turnover in Q4
EconomyMacroeconomyAfter falling in the preceding two quarters, the majority of the turnover indices for the services...) figures showed on Tuesday. Eight out of the 14 services activities posted a rise in Q4... (-10 percent) and advertising and market research (-7.7 percent). Since 2011, only three services
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