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  1. 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... the February travel balance to a deficit of 3.8 million from a surplus of 3.8 million last year. The decline in travel receipts is entirely attributed to a 14.9 percent decrease in non-residents’ arrivals

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  2. Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

    Agora

    Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

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  3. Helped by trading gains, Eurobank posts 305 mln in Q1 profits
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions

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  4. Are Chinese investments starting to hit a wall in Germany?
    Photo via Flickr https://flic.kr/p/oDf3bQ

    Agora

    to allow privately-owned Huawei equipment to be used in its forthcoming mobile telephony 5G wireless... of Vodafone and Telefónica O2 operating in Germany have built the 4G network with Huawei infrastructure equipment. All three companies have long-term strategic partnerships with Huawei. The transfer

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  5. Despite speculation, post-MoU credit line seems unlikely
    Photo by ECB via Flickr https://flic.kr/p/qqjzQG

    EconomyProgramme

    Bank Association, the four systemic lenders and Bank of Greece governor Yannis Stournaras travel..., which would no longer be eligible if the waver is lost. For these reasons, there is currently very

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  6. Current account surplus at 1.21 bln in September on services balance growth
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    billion euros. The primary factor behind the improvement was the travel balance which increased by 17.2 percent to 2.30 billion euros. This was driven by travel receipts rising by 15.5 percent to 2.47 billion, while travel payments declined by 3 percent to 173.5 million. BoG cited an 11.8 percent rise

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  7. Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln

    EconomyMacroeconomy

    Greece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent in November, according to the Bank of Greece (BoG). In absolute terms, travel receipts were up by just 1.5 million YoY to 180 million. At the same time however, travel payments surged 32 percent

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  8. Greece sees travel receipts shoot up by 35.8 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's April travel receipts soared 35.8 percent to 411 million euros from 303 million last year, according to the Bank of Greece (BoG). At the same time, travel payments surged 53 percent to 232 million euros, leading the travel surplus for April to 179 million, which is a rise of 18.5 percent

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  9. Greece sees travel receipts rise again in July to reach 2.74 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts increased for the second straight month in July, rising by 14.4 percent... travel receipts reached 2.74 billion euros in July from 2.4 billion last year. Travel payments increased at a much slower pace, at 5.1 percent. As a result, the travel surplus soared 15.1 percent

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  10. 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

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