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Newsletter 113 - 31/03/2017
million euros was less than half the 1.73 billion recorded in the previous month, Bank of Greece (BoG... ceiling for Greek banks by 400 million to 46.6 billion following a request made by the BoG that takes... percent in February, according to the BoG. At the same time, net deductions significantly slowed to 101
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Newsletter 114 - 07/04/2017
targets in the fourth quarter (Q4) of 2016, the Bank of Greece (BoG) noted in its second quarterly... better than target of 76.3 billion. The BoG also said that NPEs fell for the third straight quarter..., liquidations and loan sales was rather limited, the BoG said. 2 Unemployment rate remains stable At 4.76
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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyof Greece (BoG) has a slightly lower estimate of 2.5 percent, while the OECD foresees a much slower growth of 1.3 percent for 2017. However, BoG governor Yannis Stournaras recently stressed that the negative carry-over from the Q4 GDP contraction is estimated at -0.6 percent. This means that the updated BoG
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Current account deficit expands to 937 million in Feb
EconomyMacroeconomyfrom 828.1 million last year, Bank of Greece (BoG) figures revealed on Thursday. The deterioration... percent to 1.64 billion. The BoG stressed that higher international oil prices led to a rise... to 7.23 billion, while exports also rose by 18.1 percent to 4.13 billion. The BoG noted that both
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Primary cash balance turns to 295 mln deficit in Q1
EconomyMacroeconomyGreece’s central government primary cash balance turned to a deficit of 295 million euros in the 3-month period of 2017 from surplus of 2.85 billion a year ago, Bank of Greece (BoG) figures showed... surplus was broadly similar to the BoG figure. It should be noted, though, that MoF and BoG apply
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Eurosystem funding down by 535 mln in April, ELA falls for second straight month
EconomyMacroeconomythe drop of 535 million euros in April is the lowest in this series, Bank of Greece's (BoG) monthly... pledged with BoG rose by 610 million euros to 98.36 billion, while that for ECB funding edged down by 290 million to around 23 billion. The BoG figures also showed that banknotes in circulation
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Current account deficit widens to 1.3 bln in March
EconomyMacroeconomy772.4 million a year ago, Bank of Greece (BoG) figures showed on Monday. The deterioration largely... and 2.58 billion, respectively, while the goods deficit stood at 1.96 billion. The BoG noted... by 21.8 percent to 11.77 billion, while exports also rose by 21.1 percent to 6.71 billion. The BoG
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Apartment prices decrease at a sharper pace by 1.8 pct in Q1
EconomyMacroeconomyquarter (Q1) of 2017, following an upwardly revised drop of 1 percent in Q4 2016, Bank of Greece (BoG... the 7-year period. The BoG did not provide an update of the transaction-related indices regarding... by 26.7 percent since the end of 2010 on net deductions of around 22 billion over the period. The BoG
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Newsletter 120 - 26/05/2017
at a faster pace by 7.8 percent to 203.3 million in March, Bank of Greece (BoG) figures revealed... billion in March from 772.4 million last year, BoG figures showed. The deterioration largely reflects...) in the first quarter of 2017, following an upwardly revised drop of 1 percent in Q4 2016, BoG data
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The conundrum of Greek olive oil exports
EconomyFeaturesto the Bank of Greece (BoG), only around 27 percent of the 300,000-plus tonnes which Greece exports per annum is standardised. In Spain, the figure is 50 percent and in Italy, 80 percent. The BoG’s 2015 report... would be. The BoG estimates that “a shift from bulk to branded olive oil and a more efficient
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