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  1. Current account deficit narrows to 1.32 bln in Feb as oil impact wanes

    EconomyMacroeconomy

    Greece’s current balance in the second month of 2023 came to a deficit of 1.32 billion euros, from a narrow deficit of 125.2 million euros in January, Bank of Greece (BoG) data showed on Thursday. In February 2022, the balance showed a deficit of 2.34 billion euros, while in February 2021

    3%

  2. Boost for travel balance as arrivals rise by 83.5 pct in first two months of 2023
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 106.8 million euros in February, from 26.3 million euros in January, according to Bank of Greece (BoG) data released on Friday. February’s balance was 94.6 percent higher from the 54 million euros registered in February 2022. Higher than the 5.4 million

    3%

  3. Deposits surge by 2.32 bln in March, driven by households
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    The net private sector deposit movement in the Greek banking system picked up in March, rising by 2.32 billion euros, after dropping by 1.46 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in March was 4.5 percent year-on-year (YoY), from 2.6

    3%

  4. Loans to corporations drive credit growth of 5.1 pct YoY in March

    EconomyMacroeconomy

    The pace of credit movement in the Greek private sector increased slightly in March, moving up by 5.1 percent year-on-year (YoY), after a rise of 4.8 percent in February, Bank of Greece (BoG) figures released on Tuesday showed. Credit expansion slowed down in the months following February 2021

    3%

  5. Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit in March widened to 2.4 billion euros, from a deficit of 1.32 billion euros in February, Bank of Greece (BoG) data showed on Monday. In March 2022, the balance showed a deficit of 2.53 billion euros, while in March 2021 the current account posted a deficit of 1.49 billion

    3%

  6. Travel surplus continues to grow in March, up 55 pct YoY in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 100.2 million euros in March, from 106.8 million euros in February, according to Bank of Greece (BoG) data released on Tuesday. March’s balance was 95.5 percent higher than the 51.2 million euros registered in March 2022. Higher than the 8.3 million

    3%

  7. Private sector deposits almost unchanged in Apr, household savings up by 1.13 bln
    Photo via https://flic.kr/p/2a8kbGu

    EconomyMacroeconomy

    The net private sector deposit movement in the Greek banking system was essentially unchanged in April, falling by just 15 million euros, after a rise of 2.32 billion euros in March, based on the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in April was 3.7 percent

    3%

  8. Credit growth slows to 3.9 pct in Apr, flow negative at 789 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    The pace of credit movement in the Greek private sector slowed in April, moving up by 3.9 percent year-on-year (YoY), after a rise of 5.2 percent in March, Bank of Greece (BoG) figures released on Tuesday showed. Credit expansion slowed down in the months following February 2021, before resuming

    3%

  9. Growth of property prices picks up pace in Q1 with 14.5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece remained on a strong trajectory in Q1 2023, increasing by 14.5 percent year-on-year (YoY) from an upwards revised 13.5 percent in Q4 2022, Bank of Greece (BoG) data released on Monday showed. The latest figure surpassed last month’s highest

    3%

  10. Current account deficit narrows to 5.63 bln up to April, down 3 bln YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit in April narrowed to 1.78 billion euros, from 2.4 billion euros in March, Bank of Greece (BoG) data showed on Tuesday. In April 2022, the balance showed a deficit of 1.66 billion euros, while in April 2021 the current account posted a deficit of 2.1 billion euros

    3%