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EconomyMacroeconomy
Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports Greece's current account (C/A) deficit narrowed by 17 percent to 955 million euros in April from 1.15 billion last year, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Bank of Greece warns of dangers in failure to reach deal with lenders In its biannual Monetary Policy report published on Wednesday, the Bank of Greece (BoG) makes clear its belief that it is of paramount importance that the Greek government conclude an agreement with official lenders, describing it is a “historical imperative the country cannot afford to ignore.”
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EconomyMacroeconomy
Minor movements in Greek deposit and loan rates in April The interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82 percent in April from 1.83 percent in March, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Greek credit contracts by 2.4 pct in April for slowest drop since 2011 Greece's credit contraction marginally decelerated to 2.4 percent in April from 2.5 percent in March, according to the Bank of Greece (BoG). The April headline figure is the slowest drop since October 2011.
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EconomyMacroeconomy
Deposit outflow rises to 4.7 bln in April as balances drop to lowest since Sept 2004 Greek private sector deposit outflows accelerated to 4.66 billion euros in April, which is more than double compared to the March figure of 2.19 billion, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Travel receipts up 13.3 pct in March as tourist arrivals increase by 34.4 pct Greece's travel receipts rose at a slower rate of 13.3 percent in March from 16.2 percent in February, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Current account deficit widens to 404 mln in March Greece's current account (C/A) deficit widened more than four times in March to reach 404 million euros, from 88 million in the corresponding period last year, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Primary cash surplus reaches 1.05 bln at end of April Greece’s central government primary cash surplus narrowed by 20.9 percent year on year (YoY) to 1.05 billion in the 4-month period of 2015 from 1.33 billion in the corresponding period last year, according to the Bank of Greece (BoG).
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EconomyMacroeconomy
Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise Eurobank kicked off Greek banks’ reporting season for the first quarter (Q1) of the year by announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4.
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EconomyMacroeconomy
Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall The fall in Greek apartment prices decelerated for the seventh straight quarter to 3.9 percent in Q1 2015 from a downward revised 5.4 percent in Q4 2014, according to the Bank of Greece (BoG).