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Turnover in tourism sector edges down 1.1 pct in Q2
EconomyMacroeconomyindex rose by 8.6 percent in Q2. According to the latest Bank of Greece (BoG) figures for the first half
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Travel receipts fall 3.5 pct in July, dragging balance down 5.9 pct
EconomyMacroeconomyGreece's travel receipts dropped for the fourth successive month in July, albeit at a slower pace of 3.5 percent, after a decrease by 5.4 percent in June, Bank of Greece (BoG) figures displayed on Wednesday. In absolute terms, travel receipts stood at 2.85 billion euros in July, while
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Primary cash surplus to Aug narrows to 2.4 bln, including arrears repayment of 1.6 bln
EconomyMacroeconomyGreece’s central government primary cash surplus dropped by 660 million euros to 2.41 billion in the 8-month period of 2016 from 3.07 billion a year ago, Bank of Greece (BoG) figures displayed on Friday. It is worth noting though that this year’s figure includes arrears repayment of 1.57 billion
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Deposits grow by 1.3 bln in August, highest inflow in 2016
EconomyMacroeconomyDeposit flow in the Greek market turned positive with inflows of 1.33 billion in August from outflows of 153 million in July, Bank of Greece (BoG) figures showed on Tuesday. The headline figure indicates the highest positive flow in the course of this year. As a result, deposit balance edged up
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Broadly stable rate in time deposits, corporate loan rates fall in Aug
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.87 percent in August from 0.86 percent in the previous two months, Bank of Greece (BoG) data displayed on Tuesday. The latest headline figure is the highest reading since April. It has been hovering between 0.85 and 0.88
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Greece gears up for second review, faces wide-ranging reform to-do list
EconomyProgrammethe companies’ viability. According to the latest Bank of Greece (BoG) review report of the Greek
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Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus increased by 540 million to 3.22 billion in the 9-month period of 2016 from 2.68 billion last year, Bank of Greece (BoG) figures showed on Wednesday. It is worth pointing out that this year’s figure incorporates arrears’ repayment of 2.03 billion
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Travel receipts drop 9.2 pct in Aug, dragging balance down 10.6 pct
EconomyMacroeconomyGreece's travel receipts fell for the fifth straight month in August, when they declined at an accelerating pace of 9.2 percent from a 3.5 percent fall in July, Bank of Greece (BoG) figures showed on Monday. Travel receipts landed at 3.16 billion euros in August, while the corresponding payments
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Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September
EconomyMacroeconomyGreek households’ new time deposit rate fell by 8 basis points (bps) to 0.79 percent in September, after remaining broadly flat in the previous three months, Bank of Greece (BoG) data showed on Thursday. The headline figure for September indicates a new record low since Greece’s euro accession
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Deadlock at NBG over chairman appointment
EconomyBankingyears of experience in the financial sector and has served as deputy governor of Bank of Greece (BoG
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