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  1. Current account deficit jumps to 742 mln in January

    EconomyMacroeconomy

    Greece's current account (C/A) deficit soared 2.6 times to 742.4 million euros in January from 281.3 million a year ago, Bank of Greece (BoG) figures displayed on Tuesday. The marked deterioration in the C/A balance by 461 million euros year on year (YoY) largely reflects a sharp drop

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  2. Travel receipts fall 4.7 pct in Jan but surplus rises to 32.1 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts dropped by 4.7 percent in January after rising by 12.2 pct in December, Bank of Greece (BoG) figures showed on Wednesday. In absolute terms, travel receipts landed at 161.1 million euros in January, while the corresponding payments declined by 18.2 percent to 129 million

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  3. Deposit outflows for second straight month in February, at 548 mln

    EconomyMacroeconomy

    Greek private sector deposits headed south for the second straight month in February, with outflows easing to 548 million euros from 1.12 billion in January, Bank of Greece (BoG) data showed on Tuesday. The outstanding deposit balance slipped to 121.69 billion euros in February, 1.7 billion lower

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  4. Greek corporate lending rates up to 250 bps higher than eurozone average

    EconomyMacroeconomy

    Greek households’ new time deposit rate fell by 10 basis points (bps) to 0.91 percent in February after remaining broadly stable in the preceding two months, Bank of Greece (BoG) figures showed on Monday. The headline figure for February indicates a new low historical reading since Greece’s

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  5. Current account deficit narrows by 45 pct to 804.3 mln in Feb

    EconomyMacroeconomy

    Greece's current account (C/A) deficit narrowed by almost 45 percent to 804.3 million euros in February from 1.45 billion a year ago, Bank of Greece (BoG) figures showed on Wednesday. The year on year evolution largely reflects a notable improvement in the primary income balance, which recorded

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  6. Primary cash surplus widens to 2.85 bln in Q1

    EconomyMacroeconomy

    Greece’s central government primary cash balance improved to 2.85 billion euros in the first quarter (Q1) of 2016 from 1.19 billion last year, Bank of Greece (BoG) figures showed on Wednesday. In March, the primary cash surplus widened by 11.1 percent to 763 million from 687 million

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  7. Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts fell for the second straight month in February, when they declined by 3.8 percent to 133.7 million euros in February, Bank of Greece (BoG) figures showed on Thursday. At the same time, the corresponding payments slipped 1.4 percent to 137.5 million euros, leading

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  8. Marginal deposit inflows of 55 mln in March
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek private sector deposits recorded marginal inflows of 55 million euros in March from outflows of 548 million in February, Bank of Greece (BoG) data displayed on Wednesday. However, the outstanding deposit balance eased for the third straight month by 220 million euros to 121.47 billion

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  9. Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct

    EconomyMacroeconomy

    Greek households’ new time deposit rate eased for the third straight month, albeit modestly, by 3 basis points (bps) to 0.88 percent in March, Bank of Greece (BoG) data displayed on Wednesday. The headline figure indicates a new low for time deposit rates since 2002. Since the imposition of capital

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  10. Drop in building activity slows to 12.2 pct in February

    EconomyMacroeconomy

    with cumulative net deductions close to 12.7 billion over this period. BoG latest figures show almost 40

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