According to official data released by the Bank of Greece (BoG) a surge was recorded in Greek deposits,  both household and business, in December of 2024. Figures show that the significant increase was 5.654 billion euros. This is largely attributed to the payment of the Christmas bonus for employees, along with the increased business turnover […]

The Bank of Greece (BoG) projects the country’s economy will expand at a higher rate this year over the next 3-year period in a report. The BoG believes the GDP acceleration in 20205 will be buttressed by more rating upgrades from international credit agencies. In more detail, the central bank sees the economy growing by […]

Governor of the Bank of Greece Yannis Stournaras expressed optimism about the banking sector despite challenges

The Mediterranean country held its position in 2024 on the top five list for German and French tourists, ranking 3rd and 4th respectively, similar to 2023

Bank deposits rose to 147.78 billion euros in November 2024, up from 144.65 billion euros in January 2024

Despite this surge, the average expenditure per visitor decreased by 2.5% compared to last year, standing at €589.5

Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis.

Ordinary Greeks and businesses are dipping into their savings to manage the detrimental impact of rising costs, as the latest official data from the Bank of Greece (BoG) shows. The data revealed that private sector deposits were down by €2.258 billion in October 2024, a stark contrast to the €2.324 billion increase recorded in the […]

More arrivals, but less revenues is the verdict by the Bank of Greece (BoG) for this past August in terms of travel remittances from the all-important tourism sector in the country. Specifically, according to the central bank revenues decreased by 1.8% compared to the corresponding month of 2023. Conversely, revenues during the Jan-Aug 2024 period […]

Bank of Greece (BoG) reports nearly 36,000 buy back transactions this year up until the end of September in the country

Be alert regarding unusual behavior or situations (e.g., “too-good-to-be-true” offers, urgent requests for money, suspicious activity on your bank account or card).

The annual rate of change regarding the total credit extension in the domestic economy remained constant, settling at 3.8% in August, the Bank of Greece reported.

Conversely, tourists from non-Eurozone countries, particularly from Balkan and Eastern European regions, increased their spending by 15.8% compared to the same period last year.

Regarding monetary policy, the BoG notes that 2024 will see a marginal expansion as a result of investment spending from available EU funds.

The rise is primarily attributed to the fall of the balance of goods records and, to a lesser extent, to the balance of primary income.

Specifically, from Jan. to Aug. 2024, the central government recorded a cash surplus of 1.368 billion euros, compared to a deficit of 964 million euros in the same period of 2023.

The latest official figures by the Bank of Greece (BoG) confirm that residential rents continue to rise throughout Greece, with the northern metropolis of Thessaloniki leading the way with an average 9.1% increase year-on-year in the cost of registered residential leases in the first quarter of the year. The figures hold more weight than similar […]

As per inflation, Greece’s central bank expects a continued slowdown this year, with the inflation rate dropping to 3%

Attika Bank informed its shareholders of the absorption of Pancreta Bank, following its initial announcement of the deal on July 24th.

According to the BoG figures, travel revenues in the first six months of 2024 reached €6.9 billion, compared to €6.1 billion in the same period of 2023, generating an additional €754 million in 2024 compared to 2023.