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  1. Current account shows deficit of 913.9 mln in May as travel receipts evaporate
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared... billion euros year-on-year (YoY). According to the BoG, May’s performance is primarily attributable...). The services balance shrank by 81.7 percent YoY to stand at 328.2 million euros in May. The travel balance

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  2. Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s employment balance continued its recovery in May with 99,956 more hires then departures... also had a solid positive balance of 124,365 more hirings than departures. The balance in May last year... in May 2020 the labour market was affected by the pandemic with just 32,975 more hires ahead of a very

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  3. Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday. In May 2023, the balance showed a deficit of 1.63... in May, from 3.02 billion euros in the same month last year. Total imports came to 7.55 billion euros

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  4. Significantly improved oil balance pushes current account to 196.5 mln surplus in May
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’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... the services surplus declined. The deficit for the balance of goods came to 2.36 billion euros in May, from

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  5. Newsletter 259 -24/07/2020

    Newsletters

    its troubled development model and to ensure that the necessary funds reach these schemes. Shortly... and greater efforts to pursue corruption cases. Travel balance falls by 99.3 pct in May Hoteliers... euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal

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  6. Data for May shows Greek PMI in growth territory for second straight month

    EconomyMacroeconomy

    contraction, for the second straight month in May, albeit marginally easing by 0.1 points to 51.0, according... in production levels in May was slightly lower than that in April, but it remained solid, according... further. The level of new orders showed a solid rise in May mainly supported by export sales, which

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  7. Current account surplus at 407 mln in May - first positive balance since Sept 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's current account (C/A) balance showed a surplus of 407 million in May from deficit of 299...). The latter largely reflects increased non-residents’ arrivals in May (+13.2 percent). Despite the C/A surplus in May, the aggregate figures for the 5-month period point to a small widening of the C

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  8. Substantial ground for Greece and lenders to cover before May 9 Eurogroup
    Photo by Can Esenbel [www.mundanepleasure.com]

    PoliticsGreek Politics

    is due to be held on May 9 but it is still not clear how Athens and its creditors will arrive... ahead until the Eurogroup on May 9. The Greek side has not ruled out the possibility of a high..., while Tsipras may repeat his call for a summit of eurozone leaders if the May 9 meeting proves

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  9. Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86... showed on Monday. The change in May represents the highest monthly decrease in the course of 2016... reading since January 2015. The recorded drop in Central Bank funding in May almost equally reflects

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  10. Industrial production up again in May with 2.9 pct increase

    EconomyMacroeconomy

    Greece’s industrial production continued its rebound in May, posting an increase of 2.9 percent compared to a sharp drop of 4.3 percent in May 2015, ELSTAT data showed on Monday. On a month on month basis, May recorded a drop of 1.9 percent compared to April. In the year to date, industrial

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