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Current account turns to a surplus of 314 mln in Oct on contracting goods deficit
EconomyMacroeconomymillion last year. The breakdown shows that the drop in the goods deficit by more than a third mainly... said the net oil import bill fell due to a drop in oil prices, while ship transactions were... attributed to a marked narrowing of the goods deficit by 4.38 billion more than offsetting a drop
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Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
EconomyMacroeconomy. GDP at current prices eased 0.4 percent QoQ in Q1 slightly accelerating from the 0.3 percent drop..., accelerating from the 0.2 percent QoQ drop in Q4, and 1.3 percent YoY. In contrast, general government... remains the biggest contributor to GDP accounting, making up just over 69 percent of the total figure
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Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
EconomyMacroeconomy. The change in June represents the sharpest drop in Eurosystem funding in the 12-month series... from a drop in the Emergency Liquidity Assistance (ELA) funding by 10.44 billion euros, partly offset... euros in June, its lowest reading since January 2015, while ECB funding edged up to 32.77 billion
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomysimilar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. This was the 17th successive drop leading the Eurosystem funding balance down to 68.49... billion euros, with a cumulative drop of 41.73 billion since June 2015. Around half of this reduction
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Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb
EconomyMacroeconomy, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank... in March after a similar drop of 1.46 billion in February and settled at 17.31 billion at the end... programme was agreed. Around two thirds of that drop (44.4 billion) relates to lower dependence
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Building activity drops by 3 pct in September, permits increase above 1,000
EconomyMacroeconomyBuilding permits declined by 3 percent in September, easing from the drop of 5.2 percent noted... the 1,000-mark once more, after August’s figure of 864, which was the first drop below this threshold.... For the aggregate period up to September, permits issued rose by 8.5 percent. The relevant surface area
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Building activity down by 6.7 pct in Dec after rising by 8.6 pct in 2017
EconomyMacroeconomyissued in 2005. The most recent quarterly Bank of Greece (BoG) figures showed a 0.3 percent drop in apartment prices year-on-year in the fourth quarter of 2017. This followed a drop of 0.6 percent in Q3... in property prices came to an average drop of 1 percent, improving against the drop of 2.4 percent
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Building permits fall by 2.3 pct in March, absolute permits rise above 1,000
EconomyMacroeconomywas issued in western Macedonia with 29, up by 3.6 percent. For the first three months from January... percent drop in apartment prices year-on-year in the first quarter of the year. This followed a drop... as a whole, the decline in property prices came to an average drop of 1 percent, improving against
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Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
EconomyMacroeconomyin the supermarket sector also expect a drop of 14 percent in turnover despite citizens stocking up... by the pandemic and estimates that many businesses will see a notable drop in revenue compared to 2019... to drop by an average of around 21 percent. EBITDA is anticipated to fall by an average of 21 percent
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Car sales almost double in March from level at start of pandemic
EconomyMacroeconomycompared to a drop of 16.4 percent in February, Hellenic Statistical Authority (ELSTAT) data showed. In March 2020, the year-on-year change showed a drop of 49 percent. Last month’s total number of new... with the absolute figure standing at 13,674. The remainder was made up of lorries (2,951) and buses (106
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