Roughly five billion euros was invested in state shares, bonds between 4Q 2022 and 3Q 2023 as a result of recent Greek economy credit rating hikes

The central government posted a primary balance surplus of 2.9 billion euros in January-June 2024 period, up from 1.519 billion euros in H1 2023, the Bank of Greece (BoG) announced on Wednesday. Specifically, Greece’s central bank said the central government cash balance posted a deficit of 1.558 billion euros in the January-June 2024 period, compared […]

Speaking at a book presentation in Athens, Yannis Stournaras pointed out that Greece’s pension system differs, in terms of structure, with other more advanced western countries

Prices are expected to continue to grow in 2024, despite the fact that they far outweigh Greeks' increases in income

The risks surrounding the Bank of Greece's forecasts for the growth of the Greek economy include, among others, the potential worsening of the geopolitical crisis in Ukraine and the Middle East and the consequent impacts on the international economic environment.

Corporate deposits rose by 36 million euros in April 2024, a notable shift from the 1,278 million increase recorded in the previous month.

The monthly net flow amounted to -789 million euros

Exports were down by 10.7% in current prices with imports down by 1.9%

20.6 billion euros in related revenues topped the previous year’s figure by 16.5%

In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros

The rise in travel receipts emanated from a 20.7% increase in inbound traveller flows

At current prices, exports dropped by 10.3% (‑10.7% at constant prices) and imports grew by 5.7% (9.4% at constant prices).

Greek households appear more pessimistic over the course of inflation in the coming 12-month period, compared with households in the rest of the Eurozone. The average expectations for inflation in Greece over the next 12 months remained stable at 10% in February 2024, while falling slightly in the Eurozone at 3.1%. The sentiments were found […]

The Greek central banker, considered as among the “doves” on the European Central Bank's governing council, also said the latter must differentiate its positions from the FED

According to Greece's central bank, net revenues from property sales in the country purchased by foreign nationals in 2023 exceeded 2.1 billion euros.

General inflation is expected to further decline in 2024 to 2.8%

According to the Bank of Greece corporate deposits decreased by 912mln euros, compared to a 3.167bln euros decrease the previous month

The measures are aimed at preventing or mitigating systemic risks stemming from the real estate market in Greece

Greece's central bank said the total value of these types of loans decreased to 69.46 billion euros by the fourth quarter of 2023, down from 71.18 billion euros in the previous quarter

Despite the economic "success story", the influential central banker tells LSE audience that pending issues remain in order to upgrade economy's long-term competitiveness