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  1. Greece returns to growth after long recession, GDP figures show
    Photo by MacroPolis

    EconomyMacroeconomy

    to BoG latest data. Overall, tourism is expected to be the most positive contributor to the anticipated

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  2. Travel receipts up again in September, reaching 2.3 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts grew for the fourth straight month by 10.9 percent to 2.28 billion euros in September, according to the Bank of Greece (BoG). At the same time, travel payments fell by 3.4 percent to 182 million. As a result, the travel surplus grew to 2.1 billion euros, at a higher-than

    13%

  3. Credit down by 3.2 pct in Oct for lowest contraction since Dec 2011

    EconomyMacroeconomy

    The rate of credit contraction in Greece decelerated to 3.2 percent in October from 3.5 percent in September, according to the Bank of Greece (BoG). This was the lowest negative reading since December 2011. Balances slipped for the fourth successive month by 0.1 percent month on month (MoM

    13%

  4. Greek deposits down 0.2 pct in October after seven months of rises
    Photo by MacroPolis

    EconomyMacroeconomy

    Following a rise in the preceding seven months, Greek private sector deposits fell by 0.2 percent month on month (MoM) in October. Balances reached 164.5 billion euros, according to the Bank of Greece (BoG). However, the year on year (YoY) growth rate accelerated for the fourth successive month

    13%

  5. Greek loan rates remained well above euro area average in October

    EconomyMacroeconomy

    The interest rate on households’ new time deposits was further reduced by 14 basis points (bps) to 1.94 percent in October, according to the Bank of Greece (BoG). This was the first reading below the 2-percent mark since Greece’s accession in the eurozone in 2002. The drop in October led the year

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  6. Accommodation and food services index up 7.6 pct in Q3
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    in the broader tourism sector evident in the previous relevant releases. Indeed, Bank of Greece (BoG

    13%

  7. Greek banks' Eurosystem funding rises again in November, up by 1 bln

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding increased for the second straight month in November, when it rose by 1 billion euros, according to the Bank of Greece's (BoG) monthly financial statement on Wednesday. The monthly movement fully reflects a similar change in European Central Banks funding

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  8. Building activity down again in September but at slower rate of -11.2 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    the Bank of Greece (BoG) in November showed that apartment prices, which are indirectly related

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  9. Talk of negative impact from political risk sees tightening of Greek polls
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    to Stournaras being appointed BoG governor earlier this year, even taking its complaint to the European

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  10. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts advanced for the fifth straight month, albeit at a much slower growth rate, by 4.6 percent to 993 million euros in October, according to the Bank of Greece (BoG). At the same time, travel payments rose by 30.9 percent to 169 million euros. As a result, the travel surplus

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