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  1. Oct current account deficit widens to 2.7 bln - worst since 2008
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece posted a deep current account deficit (C/A) in October of 2.7 billion euros, from a deficit of 811.4 million euros in September, Bank of Greece (BoG) data showed on Wednesday. In October 2021... posted a deficit of 735.7 million euros. According to the BoG, the current account deficit increased year

    15%

  2. Newsletter 365 - 13/01/2023

    Newsletters

    system was triggered after the Bank of Greece (BoG) identified at the end of 2012 that losses... round of recapitalisation after a follow-up stress test conducted by the BoG in cooperation

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  3. HFSF sets out bank divestment strategy, marking final chapter in turbulent story

    EconomyBanking

    of Greece (BoG) identified at the end of 2012 that losses incurred from the Private Sector Initiative...-up stress test conducted by the BoG in cooperation with Blackrock. All banks opted for a share

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  4. Current account deficit widens to 3.93 bln in Nov, 17.48 bln in 11M
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece posted a deep current account deficit (C/A) of 3.93 billion euros in November, from 2.7 billion euros in October, Bank of Greece (BoG) data showed on Friday. In November 2021, the balance... of 1.24 billion euros. According to the BoG, the current account deficit increased year on year mainly

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  5. Current account deficit exceeded 20 bln last year, up from 12.27 bln in 2021

    EconomyMacroeconomy

    Greece closed 2022 with a current account deficit of 2.66 billion euros, down from 3.93 billion euros in November 2022, Bank of Greece (BoG) data showed on Monday. In December 2021, the balance... of 639.4 million euros. According to the BoG, mainly due to a deterioration of the secondary income

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  6. Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit opened 2023 with a narrow current account deficit of 125.2 million euros, from 2.66 billion euros in December, Bank of Greece (BoG) data showed on Thursday. In January 2022... a deficit of 500.3 million euros. According to the BoG, the balance decreased year‑on‑year, mainly

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  7. Newsletter 401 - 10/11/2023

    Newsletters

    and the disposable income challenge for households. The BoG highlights that there are some early warnings from... been affected as credit has become pricier. The BoG cautions that banks should expect to see

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  8. GDP unchanged on quarterly basis in Q3, up by 2.1 pct YoY

    EconomyMacroeconomy

    . In the latest monetary policy report, published early July, the Bank of Greece (BoG) reiterates its growth.... In a recent interview with Politico the BoG governor said that next year’s estimate was revised down

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  9. Bumper results for banks add to frustration over interest rates, fees

    EconomyBanking

    the Bank of Greece (BoG) shows that between May 2022 and October 2023 the interest rate spread... are offering one of the lowest returns on deposits, also from BoG data for June, with rates for deposits

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  10. Newsletter 434 - 27/09/2024

    Newsletters

    . It is apparent in the BoG research, which uses official data from the Labour Ministry’s Ergani database... in 2016. However, BoG also finds that wages in income brackets above 1,200 per month have barely moved

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