This reflects a surplus of 112.6 million euros in January 2024 for the tourism balance, compared to a surplus of 54.6 million euros in the same month of 2023

As the BoG reveals, from early 2018 until the end of 2023, average housing sales prices at the national level have increased by 60%.

The surplus was attributed primarily to improvements in the secondary income balance and, to a lesser extent, the services balance

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

Investments and private consumption are expected to be the key drivers of economic activity in the coming years

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

The central bank forecasts were listed in the "Note on the Greek Economy" report

Influential Greek central banker addresses event at the University of Liverpool

He added that recent data shows that the goal to keep inflation at 2% will be reached in the autumn

The record-breaking performance of the Greek tourism sector in 2023 is reflected in the Bank of Greece (BoG) provisional data published, as 32.73 million tourists visited Greece, compared to 31.34 million in 2019

Stournaras emphasized the modernization of the Bank of Greece's Central Vault, which now boasts cutting-edge sorting, inventory management, and security systems

Central banker underscored the significance of leveraging available European funds, particularly the Recovery and Resilience Facility (RRF) in strategic sectors of the economy

This figure represents a 12.5% increase in revenues compared to the respective period in the previous year which also marked a record (€17.88 billion).

De-investment in Greece’s four systemic banks by the Hellenic Financial Stability Fund (HFSF) through public offerings and greater prospects by the local banking sector in financing “real economy” needs was also discussed

It's a less visited but equally picturesque harbor town in the east of the large island, with more than 20,000 followers on the platform and 25 published videos

High inflation and interest rates, with the latter easing at a slower rate, is the forecast from National Bank of Greece (NBG) chairman Gikas Hardouvelis, who is also the new president of the Hellenic Banks Association (HBA). Speaking at the annual Hellenic Finance and Accounting Association conference this month in Athens, Hardouvelis, a former Greek […]

Addressing inflation requires businesses to control markups, the report points out, and authorities to intensify short-term controls against profiteering and oligopolistic practices

BoG interim report forecasts 2.5% growth rate in 2024, 2025

Greece’s influential central banker, Bank of Greece (BoG) Governor Yannis Stournaras, has once again warned publicly against the enacting of too many tax breaks in the country, while also cautioning about the size of the country’s public debt. He was speaking last week at the annual OT Forum in Athens. The head of the independent […]