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Despite improvement in services, goods tip current account to deep deficit of 2 bln in May
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 2 billion euros in May, from 1.62 billion euros in April, Bank of Greece (BoG) data showed on Thursday. In May 2021, the balance showed a deficit of 1.36 billion euros, while in May 2020 the current account posted a deficit of 911 million euros
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Current account deficit narrows further in May, down by over 3 bln in first five months
EconomyMacroeconomyGreece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a deficit of 1.39 billion euros. The deficit
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Newsletter 49 - 30/10/2015
reportedly demanded that the new eligibility criteria be limited to homeowners whose residence... When the going get tough Tsipras may soon wish that someone else was prime minister Alexis Tsipras... euros per year (or almost 16 percent of GDP), is unveiled, Tsipras may find himself wishing
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Deadline for liberalisation of household and SME NPLs looms closer
Economycorporates and non-primary residence mortgages are allowed. The issue of consumer and SME NPLs... with a subsidiary in Greece. They are to be licensed and regulated by the Bank of Greece (BoG). An NPL may... including a NPL, his/her performing loans may also be transferred along with the NPL. NPL breakdown
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammeto 20 percent. In May 2020 Greece is due to submit the new Medium-term Fiscal Strategy (MTFS... has yet to grow. Following the lapsing of the primary residence protection scheme at the end.... In between, the government should have cleared the sixth review due in May. This will include the new
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Newsletter 506 - 29/05/2026
residence. Thousands of units remain vacant or idle, kept off the market by a combination of high... of the weekEconomic sentiment Economic sentiment rebounded in May with a rise to 107.5 points, from.... The issue was settled mid-year and permits have been growing since May 2025. During the first two
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomyGreece's May current account (C/A) balance showed a deficit of 246.2 million from a surplus of 69.6... and ships, the trade balance in May did not show any meaningful change, while exports grew faster than... percent). Despite the weak performance posted in May, the 5-month C/A deficit shrank by 25 percent
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Economic sentiment, consumer confidence down for third straight month in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued heading south for the third successive month in May, when it fell by 1.3 points to 91.4 in May from 92.7 in April, according to the European Commission. The May figure is the lowest reading since December 2013. Since the beginning of 2015, ESI has dropped
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Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 399 million euros month-on-month (MoM) in May, the monthly... the year so far. The movements in May largely reflect a fall of 397 million euros in European Central Bank... funding in May came to 8.07 billion euros as mentioned, along with ELA funding totalling just 1
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomybillion euros and was below target by 611 million. Net revenues came to 50.96 billion euros, under... expenditure came to 44.20 billion, below target by 611 million euros. Interest payments declined YoY
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