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Car sales drop by 0.8 pct in September
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell by 0.8 percent in September after a rise of 36.8 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. September’s figure is the first time since May 2017 th...
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Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
EconomyMacroeconomyComments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts. Speaking to journalists in Luxembourg on Thur...
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Deposits drop by 622 mln in Sept after six months of inflows
EconomyMacroeconomyNet deposit movement in the Greek banking system turned negative by 622 million in September following inflows of 1.02 billion in August, Bank of Greece (BoG) figures revealed on Tuesday. September’s movement marks the first negative flow after six mont...
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Deposits drop by 206 mln in November
EconomyMacroeconomyNet deposit movement in the Greek banking system was negative by 206 million euros in November, following inflows of 643 million in October, Bank of Greece (BoG) figures revealed on Friday. The outstanding balance of private sector deposits increased to...
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November travel receipts drop by 42.9 pct on lower French receipts
EconomyMacroeconomyGreece’s travel balance fell to a surplus of 87.4 million euros in November according to Bank of Greece (BoG) data released on Tuesday, a decline of 42.9 percent compared to the same time last year. Receipts came to 313.8 million euros, edging down by 0...
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Retail market suffers drop in crisis era, shows consolidation towards larger businesses
EconomyFeaturesGreece’s retail market suffered a loss of over 14 billion euros across the crisis years according to data presented by the Hellenic Confederation of Entrepreneurship and Commerce (ESEE). The data showed a widening gap between small and large businesses ...
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Deposits drop by 2.16 bln in January
EconomyMacroeconomyNet deposit movements in the Greek banking system were negative by 2.16 billion euros in January following positive flows of 3.65 billion in December, Bank of Greece (BoG) figures revealed on Thursday. The outstanding balance of private sector deposits ...
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Overall loan interest drop to 4.30 pct in February
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations fell by 6 percentage points to 4.30 percent in February from 4.36 percent in January, data from the Bank of Greece (BoG) showed on Wednesday. The sp...
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General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash deficit came to 4.84 billion euros in the first five months of the year compared to a surplus of 1.69 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In t...
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General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash deficit came to 7.46 billion euros in the first seven months of the year compared to a surplus of 1.87 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In ...
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