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Current account deficit improves to 2.11 bln in Apr, broadly stable in 4M
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.11 billion euros in April, from a deficit of 3 billion euros in March, Bank of Greece (BoG) data released on Friday showed. In April 2024, the balance showed a deficit of 2.5 billion euros. The Bank of Greece notes that this is mainly due
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Solid April for travel receipts, improving balance by 3.5 pct YoY in 4M
EconomyMacroeconomyGreece's travel balance recorded a surplus of 778.6 million euros in April, compared to 220.9 million euros in March, according to data released by the Bank of Greece (BoG) on Monday. The April balance was 16.9 percent higher than the 66 million euros recorded in April 2024. Receipts for the month
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Lending to corporations drives credit growth of 11.3 pct YoY in May
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in May, rising by 11.3 percent year-on-year (YoY), from 10.9 percent in the previous month, Bank of Greece (BoG) figures released on Monday showed. The net lending flow was positive by 518 million euros after an outflow of 98 million
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Deposits resume rise in May, reaching 199.61 bln
EconomyMacroeconomyGreek banking system’s private sector deposits grew in May, with a net increase of 1.22 billion euros, after a 795-million-euro drop in April, according to the latest Bank of Greece (BoG) figures released on Monday. The annual growth in May was 4.7 percent year on year (YoY), from 4.2 percent
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Significantly improved oil balance pushes current account to 196.5 mln surplus in May
EconomyMacroeconomyGreece’s current account recorded a surplus of 196.5 million euros in May, from a deficit of 2.11 billion euros in April, Bank of Greece (BoG) data released on Monday showed. In May 2024, the balance showed a deficit of 2.32 billion euros. The Bank of Greece notes that this is mainly in the balance
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Travel receipts maintain momentum in May with 17.7 pct YoY rise
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.88 billion euros in May, compared to 778.6 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday. The May balance was 15.5 percent higher than the 1.62 billion euros recorded in May 2024. Receipts for the month were
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Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
EconomyMacroeconomyThe credit expansion in the Greek private sector remained solid in June, rising by 10.2 percent year-on-year (YoY), from 11.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed. The net lending flow was positive by 2.34 billion euros after an inflow of 518 million
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Jump in corporate deposits takes balance to highest since Jan 2011
EconomyMacroeconomyThe Greek banking system’s private sector deposits grew strongly in June, with a net increase of 5.1 billion euros, after a 1.22-billion-euro drop in May, according to the latest Bank of Greece (BoG) figures released on Friday. The annual growth in June was 5.3 percent year on year (YoY), from 4.8
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Greece digests EU-US trade deal amid mixed reaction
Economyturbulence during the first half of the year so the impact estimated by the BoG could
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.19 billion euros in June, from a surplus of 196.5 million euros in May, Bank of Greece (BoG) data released on Wednesday showed. In June 2024, the balance showed a surplus of 265.7 million euros. The Bank of Greece notes that this is due
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