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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomygovernment net receipts from the EU. In contrast, the services’ surplus rose by 128 million, while... in the trade deficit reflects higher net oil import bill largely offset by lower net payments... higher net payments for purchases of ships, while the net oil import bill posted a slight rise
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Greek stock market loses 1.8 pct in week of mixed messages, Q1 results
Economynet profit of 11.9 million (+12.7 percent) led by a double-digit rise in sales by 11.5 percent... in line with market estimates. OPAP's Q1 results showed net profit reached 58 million up 16.9 percent.... On Wednesday, Mytilineos posted a strong growth in Q1 net profit by almost 50 percent to 22.8 million
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Current account surplus at 407 mln in May - first positive balance since Sept 2014
EconomyMacroeconomyto lower net oil import bill largely on account of a temporary shutdown of Aspropyrgos refinery... 11.8 percent YoY. According to BoG, lower net payments for purchases of ships and lower net oil...) was slightly offset by declining net transport receipts. In the 5-month period, travel receipts
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Rate of credit contraction edges up to 1.6 pct in Oct
EconomyMacroeconomyin September, Bank of Greece (BoG) figures showed on Thursday. The net lending flow remained negative for the fourth straight month, with net deductions rising to 412 million euros in October from 293... to 96.52 billion euros. Net deductions increased to 224 million from 51 million in September. Since
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Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
EconomyMacroeconomysince June with net additions of 61.7 million euros in November from deductions of 307.8 million in October. The positive flow is entirely attributed to corporate sector net additions of 282.9 million mitigated by net deductions of 208 million in the household lending sector. Following the modest net
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Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln
EconomyMacroeconomy, the outstanding balance fell further to 190.79 billion euros. Moreover, the net lending flow stayed negative for the second straight month, albeit with lower net deductions of 205.8 million from 395.1 million in the previous month. The negative flow in June reflects net deductions of 132.4 and 97.7 million
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Deposits edged up in Nov but credit contraction was close to 4 pct
EconomyMacroeconomy(BoG). Net inflows stood at 394 million in November from outflows of 630 million in October...) for the eighth consecutive month on net deductions of 510 million in November from 937 million in October. November’s negative flow reflects household and corporate lending net deductions of 294 and 203
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyof Greece (BoG). Although the YoY drop is the slowest since April 2013, the monthly net deductions... the past 12 months and is largely attributed to corporate lending net deductions of 801 million... the 100-billion mark for the first time since September 2007. Monthly net deductions increased to 246 million
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomyand exports, up by 25.1 and 28.8 percent respectively. According to the BoG, the higher net payments... in the net oil import bill and the trade deficit excluding oil and ships. On the flipside... respectively. According to the BoG, the evolution of trade deficit was affected by increased net
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Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomyin July from 214.81 billion a month ago. Monthly net deductions rose to 1.16 billion euros in July, which is the highest monthly reading since May 2013. In June, net deductions stood at 324 million... net deductions rose to 322 million in July from 128 million in June. The July figure along
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