As visitor numbers soar and infrastructure strains, the Bank of Greece warns that the country’s islands must shift from growth to sustainability — with €35 billion in new investments to keep paradise afloat

Over the January-August 2025 period, the current account deficit decreased by €2.1 billion compared to the same period last year, falling to €6.6 billion.

Greece’s draft 2026 budget banks on doubling investments to drive growth, but EU funding deadlines, a cooling property market, and stubborn inflation pose serious risks

On Thursday, October 2, the price of a gold sovereign coin soared. The Bank of Greece set its selling price at 876.64 euros, with a buying price of 748.18 euros.

BoG Governor Yannis Stournaras cautioned that sudden wage rises risk economic instability, while pointing to falling debt, strong growth and new competition in banking

Overall, the trade balance deficit narrowed, as the reduction in imports exceeded that of exports in absolute terms.

Figure increased by by 1.617 billion euros over the second quarter of 2025

Inflation is projected to decline to 2.6% in 2026 and drop further to 2.4% in 2027, according to the central bank’s baseline scenario projections.

According to the report, inflation based on the Harmonized Index of Consumer Prices is expected to continue slowing during the projection period.

Net financing to Greece’s general government turned positive in July, reaching €509 million, compared with a negative flow of €93 million in June.

Bank of Greece data confirm that visitors spent significantly more regardless of the modest rise in arrivals. Germans, French, Italians, and Americans, in particular, boosted spending per trip, helping widen the surplus.

Greece reported fewer international arrivals in May and June 2025, but travel revenues climbed sharply, fueled by higher spending per visitor

Ordinary budget revenue totaled 40.827 billion euros, compared to 37.523 billion euros in the corresponding eight-month period of last year

Corporate deposits increased by €4.403bn in June, compared to an €867mln rise in May. The annual growth rate climbed to 12.0% from 9.8%

The rise in travel receipts was driven by a 2.1% increase in inbound tourist arrivals and a 10.4% jump in average spending per trip.

In May 2025 alone, the current account recorded a small surplus of €196.5 million, an improvement of €2.5 billion compared with May 2024.

Foreign arrivals in May rose by 2.5%, while overnight stays from international tourists increased by 2.2%.

The primary budget surplus figure of 4.5 billion euros marks a significant improvement over the figure of 77 million euros posted during the corresponding period of 2024

Economic growth in Greece is projected to be 2.3% in 2025, according to the country’s central bank's latest Monetary Policy Report

A Bank of Greece (BoG) report assesses the country’s financial stability and recovery are at risk from external factors linked to rising geopolitical tensions and the global resurgence of trade protectionism like tariffs. The May 2025 Financial Stability Report highlights significant improvements in the Greek banking sector, as it continued to exhibit robustness in its […]