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  1. Current account deficit narrows further in May, down by over 3 bln in first five months
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    Greece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a deficit of 1.39 billion euros. The deficit

    3%

  2. Travel balance up to May rises by 30.7 pct as arrivals soar by a third
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 1.54 billion euros in May, from 498.2 million euros in April, according to Bank of Greece (BoG) data released on Monday. May’s balance was roughly 28 percent higher than the 1.2 billion euros registered in May 2022. The balance in May 2021 was just

    3%

  3. Growth in credit expansion slows further to 2.8 pct in Jun
    Photo via https://flic.kr/p/2mWYuuz

    EconomyMacroeconomy

    The pace of credit movement in the Greek private sector continued to slow in June, rising by 2.8 percent year-on-year (YoY), from 3.1 percent in May, Bank of Greece (BoG) figures released on Wednesday showed. Last December’s growth was the highest since the summer of 2009 with 6.3 percent, however

    3%

  4. Deposits jump to highest since 2011 in Jun as corporate savings record significant rise
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    The net private sector deposit movement in the Greek banking system jumped by 3 billion euros in June, from a positive flow of 794 million euros in May, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in June was 3.5 percent year on year (YoY), from 3.3

    3%

  5. Impact of energy moderates, current account deficit narrows to 7.86 bln in 6M

    EconomyMacroeconomy

    Greece’s current deficit narrowed further to 638.2 million euros in June, from 1.65 billion euros in May, Bank of Greece (BoG) data showed on Monday. In June 2022, the balance showed a deficit of 842.2 million euros, while in June 2021 the current account posted a deficit of 1.35 billion euros

    3%

  6. Travel surplus rises to 5.06 bln in June as arrivals soar by 26 pct in 6M
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 2.73 billion euros in June, from 1.54 billion euros in May, according to Bank of Greece (BoG) data released on Tuesday. June’s balance was roughly 17 percent higher than the 2.23 billion euros registered in June 2022. The balance in June 2021 was just

    3%

  7. Credit expansion slows to 1.2 pct in July as corporate loans contract
    Photo via https://flic.kr/p/95a2dS

    EconomyMacroeconomy

    The pace of credit movement in the Greek private sector continued to slow in July, rising by 1.2 percent year-on-year (YoY), from 2.8 percent in June, Bank of Greece (BoG) figures released on Monday showed. At 6.3 percent, last December’s growth was the highest since the summer of 2009. However

    3%

  8. Deposits contract by 191 mln in July as business savings decline
    Photo via https://flic.kr/p/5Yb76K

    EconomyMacroeconomy

    The net private sector deposit movement in the Greek banking system turned marginally negative in July with a 191-million-euro outflow, after jumping by 3 billion euros in June, based on the latest Bank of Greece (BoG) figures released on Monday. The annual growth in July was 3.1 percent year

    3%

  9. Apartment prices rise in Q2 by a strong 13.9 pct YoY despite slight slowdown
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece remained on a stolid path in Q2 2023, increasing by 13.9 percent year-on-year (YoY) from an upwards revised 15 percent in Q1 2023, Bank of Greece (BoG) data released on Tuesday showed. This is a slight slowdown from the peak of Q1 2023

    3%

  10. Loans managed by servicers broadly stable in Q2 at 71.16 bln
    Photo via https://flic.kr/p/j1gHCm

    EconomyMacroeconomy

    The universe of loans managed by Credit Servicing Firms (CSF) has stabilised since Q4 last year and in Q2 2022 it stood at 71.16 billion euros, according to data released by the Bank of Greece (BoG) on Monday. This represents a rise of roughly 600 million euros quarter-on-quarter. During 2022

    3%