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Current account deficit drops in April on improved goods and services balance
EconomyMacroeconomyin March according to Bank of Greece (BoG) figures released on Thursday. In the same period last year... of 85.2 million euros. According to the BoG, the improvement was driven by a decline in the net oil... a year ago. This was mainly driven by a worsening of the secondary income account, BoG said
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Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
EconomyMacroeconomyto the monthly Bank of Greece's (BoG) financial statement. The total for central bank funding comes...) stood at 1.6 million euros. In January, the BoG had announced that it would discontinue the publication... with the BoG came to zero, while collateral pledged with the ECB rose by 2.26 billion euros. In total, ECB
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Eurosystem funding rises by 64.9 mln in July
EconomyMacroeconomyto the monthly Bank of Greece's (BoG) financial statement. The total for central bank funding comes...) stood at 1.52 million euros. In January, the BoG had announced that it would discontinue... with the BoG came to zero, while collateral pledged with the ECB fell by 935 million euros month
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Eurosystem funding drops by 464.8 mln in August
EconomyMacroeconomyaccording to the monthly Bank of Greece's (BoG) financial statement. The total for central bank funding... Emergency Liquidity Assistance (ELA) stood at 1.8 million euros. In January, the BoG had announced.... In August, ELA collateral pledged with the BoG came to zero, while collateral pledged with the ECB
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Eurosystem funding drops by 699.8 mln in September
EconomyMacroeconomyaccording to the monthly Bank of Greece's (BoG) financial statement. The total for central bank funding... euros, while Emergency Liquidity Assistance (ELA) stood at 1.9 million euros. In January, the BoG had... of all Eurosystem funding in September. In September, ELA collateral pledged with the BoG came to zero
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Govt proposes property VAT reduction to kickstart home sales
EconomyFeaturesduring Greece’s crisis years. The latest Bank of Greece (BoG) property price data from the second... market remains subdued. Data from the BoG has shown that foreign direct investment into Greek property... could be aided by the full abolition of capital controls at the end of Q3. Data from the BoG shows
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Current account shows surplus of 886.6 bln in September, aggregate figure almost balanced
EconomyMacroeconomyfrom a surplus of 1.87 billion in August, Bank of Greece (BoG) figures released on Wednesday showed... an increase of 61.8 percent year-on-year (YoY). According to the BoG, this was driven by an improvement... million a year ago. BoG noted that this deterioration was due to the deficit recorded in the balance
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBanking(HFSF) and the Bank of Greece (BoG) led the efforts to appease investors by promoting two separate... the scheme from BoG was based on moving denounced loans to an SPV backed by DTC claims. The latter... financial stability report, the BoG noted that in the first half of this year the Greek banks sold 3.6
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Newsletter 236 -24/01/2020
of Greece (BoG) data released this week. In the same period last year, the deficit was 1.44 billion euros, down by 54 million year-on-year (YoY). According to the BoG, November’s performance... of 2.03 billion up to November 2019 compared to a deficit of 3.72 billion in November 2018. BoG
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Tourism industry braces for outcome of gloomy Covid-19 scenarios
EconomyFeaturesannual report, the Bank of Greece (BoG) noted that 2020 would be a particularly challenging year... of revenue, BoG data showed that in 2019, travel receipts came to 18.2 billion euros, a rise of 12.8... visited Greece in the June to August high season, according to the BoG. Given that the impact
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