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Tourism and exports expect impact from Brexit fallout
EconomyMacroeconomyAlthough the effect from Brexit is likely to be rather small and limited on Greek economy, according to Bank of Greece (BoG) sources, some sectors could feel an imminent impact from the recent turmoil in the UK. The first sector that could be negatively affected in the short-term is tourism. Last
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Newsletter 80 - 01/07/2016
. On the same day, the central Bank of Greece (BoG) figures showed modest deposit inflows of 184 million
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomyGreek households’ new time deposit rate slightly eased for the fifth straight month in May, when they fell by by 2 basis points (bps) to 0.85 percent from 0.87 percent in April, Bank of Greece (BoG) data displayed on Tuesday. The headline figure for May represents a new low since Greece entered
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HFSF executive board members resign
EconomyBankingby the BoG. Meanwhile, HFSF has completed the review of Greek banks’ boards and committees
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Greek expats generating 9.1 bln in taxes abroad each year, study suggests
SocietyFollowing a recent Bank of Greece (BoG) study showing that 427,000 Greeks have emigrated since the beginning of 2018, Endeavor Greece has now estimated that the brain drain reached 350,000 over the same period. According to a research provided by Endeavor, those individuals, who are typically
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Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals
EconomyMacroeconomyGreece's travel receipts headed south for the second straight month dropping at an accelerating pace of 10.4 percent in May from 7 percent in April, Greece (BoG) figures showed on Friday. The absolute figure landed at 1.1 billion in May, while the corresponding payments fell by 5.5 percent to 179.6
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Deposit inflows of 1.07 bln in June, highest in first half of 2016
EconomyMacroeconomyGreek private sector deposit flow remained positive for the second straight month with inflows of 1.07 billion euros in June from 183 million in May, Bank of Greece (BoG) figures showed on Wednesday. As a result, the deposit balance rose to 122.74 billion in June, its highest reading in the course
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Primary cash surplus to July falls to 2.4 bln, including arrears repayment of 1.1 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 607 million euros to 2.38 billion in the 7-month period of 2016 from 2.99 billion in the corresponding period last year, Bank of Greece (BoG) figures showed on Thursday. It is worth noting though that this year’s figure includes repayment
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Deposit flow turns negative, outflows of 153 mln in July
EconomyMacroeconomyDeposit outflows of 153 million were recorded in the Greek banking market after inflows of 1.07 billion in the previous month, Bank of Greece (BoG) figures displayed on Friday. Although slightly negative, the July figure indicates the highest outflows since February leading the deposit balance
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Newsletter 87 - 09/09/2016
of Greece (BoG) said on Thursday that the ECB has lowered the emergency liquidity assistance (ELA) ceiling
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