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Significant improvement in oil balance reduces 9M current account deficit to 7.25 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 404.3 million euros in September, from a surplus of 497.7 million euros in August, Bank of Greece (BoG) data showed on Monday. In September 2022, the balance showed a deficit of 850 million euros, while in September 2021 the current account posted
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Rise of 17.3 pct in arrivals by Sept means receipts already exceed 2019 record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 3.03 billion euros in September, from 4.11 billion euros in August, according to Bank of Greece (BoG) data released on Tuesday. September’s balance was 13.5 percent higher than the 2.67 billion euros registered in September 2022. The balance
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Despite slowdown, property prices jump by 11.9 pct YoY in Q3
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece stayed strong in Q3 2023, increasing by 11.9 percent year-on-year (YoY) from an upwards revised 14.5 percent in Q2 2023, Bank of Greece (BoG) data released on Thursday showed. This is a slight slowdown from the peak of Q1 2023, when prices
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Deposits drop by a sharp 2.14 bln in Oct, driven by corporations
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted strongly in October, with a 2.14-billion-euro outflow, after an upward movement of 2.23 billion euros in September, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in September was 2.5
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Credit growth at 2.1 pct in Oct, but flow negative by 856 mln
EconomyMacroeconomyThe credit expansion in the Greek private sector was stable in October, rising by 2.1 percent year-on-year (YoY), unchanged from September, Bank of Greece (BoG) figures released on Tuesday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009, however, the trend
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Current account deficit to Oct plunges to 8.7 bln as energy impact eases and imports drop
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.45 billion euros in October, from a deficit of 404.3 million euros in September, Bank of Greece (BoG) data showed on Thursday. In October 2022, the balance showed a deficit of 2.71 billion euros, while in October 2021 the current account posted
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Travel receipts of 19.61 bln up to Oct set new record as arrivals soar by 17 pct to over 30 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.5 billion euros in October, from 3.03 billion euros in September, according to Bank of Greece (BoG) data released on Friday. October’s balance was 10.8 percent higher than the 1.35 billion euros registered in October 2022. The balance in October 2021
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Pace of credit growth picks up in Nov, at 2.8 pct, led by loans to insurance companies
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly picked up pace in November, rising by 2.8 percent year-on-year (YoY), up from 2.1 percent in October, Bank of Greece (BoG) figures released on Tuesday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009
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Fuelled by drop in corporate deposits, Nov outflow at 904 mln
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted strongly in November, with a 904-million-euro outflow, after a negative movement of 2.14 billion euros in October, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in October was 2.4
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Nov current account deficit widens to 3.3 bln, 11M falls below 12 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 3.3 billion euros in November, from a deficit of 1.45 billion euros in October, Bank of Greece (BoG) data showed on Friday. In November 2022, the balance showed a deficit of 3.91 billion euros, while in November 2021 the current account posted
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