March of this year saw an even more impressive surge, with non-resident arrivals spiking by 31.2% and revenues jumping by 34.2% compared to March 2023.
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
General inflation is expected to further decline in 2024 to 2.8%
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
Investments and private consumption are expected to be the key drivers of economic activity in the coming years
The Bank of Greece Governor says the ECB should not be swayed by the US Federal Reserve and must cut rates at least twice before summer
Influential Greek central banker addresses event at the University of Liverpool
Stournaras emphasized the modernization of the Bank of Greece's Central Vault, which now boasts cutting-edge sorting, inventory management, and security systems
For the 11-month term January-November of 2023 it recorded a surplus of €17.895,5 million, the data revealed
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).
Debt collection companies operating in Greece are under investigation, in order to determine whether they comply with the rules of domestic legislation
Multinational investment bank Citigroup forecasts the rating of Greece will be raised by a notch within the next nine months from the top two credit rating agencies, S&P and Moody’s, which control 80% of the market. This would mean that S&P would assess Greece one level above “investment grade,” while Moody’s—currently the only one of […]
The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.
A sophisticated fraud scheme emptied the bank accounts of a Greek family in Volos, leading to a request for Interpol's assistance.
Well-known US hedge fund manager John Paulson speaks to the Sunday edition of “To Vima” and details his optimism over the course of the Greek economy
Attica Bank plans to raise €735 million to repay a Tier 2 bond and to support its growth.
This means that Greece could raise up to 727.2 million euros from the sale.
Attica Bank CEO Eleni Vrettou termed the merger as a historic move for the non-systemic bank