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  1. Newsletter 218 -06/09/2019

    Newsletters

    to the corresponding quarter last year, private consumption decreased by 0.7 percent. Imports of goods and services showed a YoY rise of 3.7 percent, while exports of goods and services increased by 5.4 percent. Compared to the same quarter in 2018, imports of goods increased by 3.9 percent and imports of services

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  2. EIB investment survey points to diminished investment appetite
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    on their services and product portfolios. Impact was also expected on supply chains (35 percent) and the increased... firms (18 percent) and services firms (21 percent). Seven in ten firms in Greece say they invested... percent in 2019. Looking ahead to the next three years, developing new products or services is the most

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  3. August sees third Greek C/A surplus in a row, reaching 1.82 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    of Greece (BoG). The significant improvement mainly reflects an increase in the services’ surplus by 425..., the services’ surplus figure of 3.73 billion in August is the highest monthly reading since 2003, from when data is first available. The widening of the services surplus by 12.8 percent is largely attributed

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  4. Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln

    EconomyMacroeconomy

    . In contrast, the trade deficit narrowed by 171 million, the services surplus improved by a modest... percent. The moderate increase in the services’ surplus by 3.9 percent is fully due to improved transport services balance, while travel balance turned negative posting a deficit of 27.9 million euros

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  5. Greek digital economy lagging due to weak demand, lack of skills

    Society

    Greece’s digital economy is being held back by a weak demand for internet services, low levels... and digital public services. The survey put Greece at the bottom end of the cluster of low... services remains weak, due to low levels of digital skills. only 59% of the population say

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  6. Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
    Photo by MacroPolis

    EconomyMacroeconomy

    by 196 million year on year (YoY) stems from a widening of the services surplus by 100 million as well... imports rose by 6.5 percent. The widening of the services’ surplus by 11.7 percent largely reflects... by 211 million and lower services surplus by 184 million more than offsetting an narrowing

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  7. What this week's VAT changes mean for household budgets and public coffers
    Photo by MacroPolis

    EconomyProgramme

    and services among the three VAT categories. The super-reduced rate includes only pharmaceuticals, books...) and water (excluding sewage). All other products and services fall under the basic rate of 23... in their services’ price, it is not yet clear whether a part of it would be absorbed by the firms

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  8. Current account in surplus for 2nd straight month in June but down 20 pct on 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    . In addition, the services surplus eased by 39 million, whilst the goods’ deficit widened by 23 million... percent. The modest drop in the services’ surplus by 1.6 percent to 2.37 billion is largely due to lower net receipts from transport and other services. In contrast, the travel surplus slightly

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  9. Current account surplus falls to 1.4 bln in July

    EconomyMacroeconomy

    and 95 million respectively and the services surplus was 139 million lower. The goods deficit more... rebounded 2.8 percent at constant prices. The decrease in the services balance mostly resulted from lower net travel and other services receipts, while net transport receipts soared 45.1 percent

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  10. Current account deficit of 1.2 bln in Nov turns 11-month balance negative
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    . This was mitigated by an improvement in the services and primary income surpluses by 61.1 and 25.6 million... in the services’ surplus is mostly attributed to higher net transport and other services receipts... a sharp drop in the services surplus by 1.85 billion and to a lesser extent a worsening

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