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Tourism shrinks June current account deficit, but goods deficit shoots up in H1
EconomyMacroeconomyin the services balance, which was partly offset by a deterioration mostly of the balance of goods... deficit in May, Bank of Greece (BoG) data showed on Friday. In June 2021, the balance showed... started to reflect on travel receipts and improved the overall current account balance. The deficit
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Despite boost from travel, current account deficit hits 9.74 bln in Jul, up 43 pct YoY
EconomyMacroeconomy, mainly due to an improvement in the balance of services and, to a lesser extent, in the primary income account, which was partly offset by a deterioration primarily in the balance of goods, as well... million euros in June, Bank of Greece (BoG) data showed on Tuesday. In July 2021, the balance
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingwill remain in Piraeus balance sheet. According to the bank, the transaction is not expected to have any... for Greek banks is the effective NPL management. Apart from easing the debt service burden... of non-core assets to a new structure managed and controlled by KKR Credit and serviced by Piraeus
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Mistaking tolerance for a free rein
Agorathat he was willing to exchange votes in return for a managerial position in the health service..., and other positions in the public service, as favours to faithful supporters is not new. In fact, SYRIZA... of satisfaction in the EU when it comes to the provision of public services. But, just as it could
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Turnover in services shows year-on-year improvements in Q3
EconomyMacroeconomyin cleaning activities (+17.8 percent), information service activities (+14.9 percent) and services... points. Year-on-year, the service confidence indicator has worsened substantially by 46.6 points....Turnover indices for the services sector showed a slight improvement in the third quarter (Q3
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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomyGreece's current account (C/A) balance had a surplus of 4.25 billion euros in July, which is 3.3... effort at EU level to apply uniform international rules harmonising balance of payments’ statistics with those of the national accounts and is a direct consequence of the IMF Balance of Payments Manual
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Newsletter 224 -25/10/2019
Greece at ‘BB-‘. 2 Current account surplus at 1.87 bln in Aug Services balance improvement drives surplus, compensating for other indicators Greece’s current account (C/A) balance came to a surplus...) figures. According to the BoG, this was driven by an improvement primarily in the services balance
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Turnover in services sector worsens again in Q2
EconomyMacroeconomyof the 14 service activities posted a decline in Q2 with the most notable drops in services... service activities posted a quarter on quarter decline in their turnovers, namely information services...Most of the turnover indices for the services sector fell year on year in the second quarter (Q2
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Turnover in services sector improves in Q2 2018
EconomyMacroeconomytesting and analysis (-2.1 percent) and information service activities (-0.7 percent). On a quarter... is the lowest reading since January. Year to date, service confidence has dropped by 1.5 points....Turnover indices for the services sector recorded an improvement in the second quarter (Q2) of 2018
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IMF approves programme "in principle," repeats position on debt and reforms
EconomyProgrammerestructuring in the context of addressing the issue of non-performing loans on the banks’ balance... “focus on redoubling efforts to open up still protected product and service markets, so as to facilitate...’s view Greece’s budget is more balanced in the long-run following the recent income tax and pension
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