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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economy, up by 21.7 percent from the corresponding period last year, according to the Finance Ministry (MoF... up by 30.8 and 42.3 percent respectively. In contrast, indirect taxes eased by 0.8 percent mainly due to double-digit drop of 15.2 percent in consumption taxes, while VAT revenues grew by 5.9 percent
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Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
EconomyMacroeconomyGreece's travel receipts rebounded by 16 percent in November after a 4.1 percent drop in October... percent to 641,500. The breakdown of inbound traveller flow showed the drop fully reflects a decrease... of 20.9 percent. More specifically, arrivals from France shot up (+53.8 percent) followed by those froom
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Time deposit rate almost stable in December, average loan rate rises 17 bps
EconomyMacroeconomyin December mainly driven by a 2 bps drop in corporate overnight rate. Loans The most notable rate changes... maturity up to one year markedly rose by 73 bps to 7.89 percent, while housing rate increased by 23 bps... increase in the loan rate coupled with a marginal drop in the deposit rate led the average spread
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Unemployment rate resumes upward trend to 24.4 pct in Jan
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged up to 24.4 percent in January from 24.3... movement in January reflects a drop in the number of employed to 3.61 million, the lowest since June... of both changes led non-adjusted unemployment up to 25.7 percent in January from 24.5 percent
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomywith a cumulative drop of 94 bps since then largely due to lack of competitions. Following also... an upward trend in April after a short-lived decline in March. In specific lending rates for amounts up... percent. As a result, the weighted average rate on new loans edged up by 17 bps to 4.85 percent fully
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Trade deficit expands by record 88.9 pct in July
EconomyMacroeconomya rise in imports by 18.2 percent coupled with a drop by 3.4 percent in exports. The recorded growth... be pointed out that stripping out the impact of oil products, exports edged up by 0.7 percent, while... figure largely reflects a drop in exports by 7.2 percent to 14.25 billion, while imports slipped
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Current account surplus narrows to 1.82 bln in August
EconomyMacroeconomy. The deterioration is largely attributable to a drop in the services surplus by 245 million, coupled... purchases. The notable drop in the services surplus mostly reflects a significant decrease in net transport receipts attributed to capital controls. Moreover, although foreign arrivals edged up 1.3 percent
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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyMinistry (MoF) and the European Commission (EC) expect private consumption to drop by 0.6 and 0.5 percent respectively. Private consumption is the biggest contributor to GDP making up nearly 69 percent..., according to the MoF and EC respectively for 2016. Investments made up 12 percent of GDP in Q2
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingmillion) and consumer credit (-10 million). Overall, the Greek NPL ratio edged up to 35.4 percent... are expected to drop from 15.2 billion in 2015 to 7.7 billion in 2019. This corresponds to a drop..., pro-forma for the divestment of Astir Palace hotel, which was completed in early Q4, edged up 10
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Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
EconomyMacroeconomyin Central Bank funding in December mostly reflects a drop in the Emergency Liquidity Assistance (ELA..., before the signing of the third bailout programme. Almost half of the cumulative drop of 43.1... from the previous month with ELA funding making up around two thirds of the total central bank funding
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