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  1. Current account shows surplus of 886.6 bln in September, aggregate figure almost balanced
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    from 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

    4%
  2. 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

    4%
  3. Newsletter 236 -24/01/2020

    Newsletters

    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

    4%
  4. Tourism industry braces for outcome of gloomy Covid-19 scenarios
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyFeatures

    annual 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

    4%
  5. Newsletter 245 -27/03/2020

    Newsletters

    not only for Greece but for the global tourism industry as a whole. In terms of revenue, BoG data... in the June to August high season, according to the BoG. Given that the impact of the coronavirus... percent in January, Bank of Greece (BoG) figures showed this week. This led the outstanding balance

    4%
  6. Covid-19 impact on tourism sector set to be extensive, report suggests
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    to the latest data from the Bank of Greece (BoG), in 2019 tourism revenues from German visitors... are expected to drop by 82 percent. In 2019, BoG figures showed that visitors from the UK generated 14.1..., the French market contributed 6 percent of tourism revenues in 2019 according to BoG figures

    4%
  7. Newsletter 248 -24/04/2020

    Newsletters

    33.4 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 120.3... (BoG) data showed this week. In the same period last year, the deficit was 1.02 billion euros, meaning that the deficit has deepened by 122.2 million euros year-on-year (YoY). According to the BoG

    4%
  8. Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel
    Image via www.moh.gr

    EconomyMacroeconomy

    to a deficit of 1.14 billion in February, Bank of Greece (BoG) data showed on Thursday. In the same... million euros year-on-year (YoY). According to the BoG, March’s performance is primarily attributable... 4.21 billion euros, a fall of 12.8 percent YoY. BoG noted that the decline in imports and exports

    4%
  9. Newsletter 251 -22/05/2020

    Newsletters

    to figures released by the Bank of Greece (BoG). The overall cash balance came to a deficit of 6.01 billion... in Financial Support Mechanism loans (+19.7 million) and BoG loans (+1.5 million). Declines were seen in T... billion euros in March compared to a deficit of 1.14 billion in February, Bank of Greece (BoG) data

    4%
  10. Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    to a deficit of 1.10 billion in March, Bank of Greece (BoG) data showed on Friday. In the same period... euros year-on-year (YoY). According to the BoG, April’s performance is primarily attributable.... At the same time, total imports reached 3.25 billion euros, a fall of 28.8 percent YoY. BoG noted

    4%