Search Results: BoG

Greece’s current account deficit shrank by €573.2 million compared to the same month in the previous year, reaching €2.5 billion in Feb. 2025, according to the Bank of Greece (BoG). The improvement of Greece’s current account was mainly attributed to a more robust balance of goods and, to a lesser extent, an improved primary income […]

The current account deficit worsened in 2024, increasing by 1.3 billion euros year-on-year, following a significant reduction in 2023.

Greece's current account surplus decreased by 784.3 million euros in January 2025 to total one billion euros

According to data from the Bank of Greece (BoG), private sector deposits recorded a notable drop of €4.787 billion in January. This follows an increase of €5.592 billion in December. Business deposits fell by €3.785 billion in January, surpassing the €3.099 billion increase recorded in December. Household deposits also declined by €1 billion, following a […]

The widening current account deficit was primarily driven by a deterioration in the goods balance and, to a lesser extent, the primary income balance.

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 […]

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

Asked about Ex-German chancellor Angela Merkel, central banker Stournaras said that 'in the end she played a very significant role in rescuing Greece'

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

Stournaras categorically stated that reducing VAT on food will not solve the problem of high prices.

Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery

The ECB interest rates on the deposit facility, the main refinancing operations and the marginal lending facility are 3.25%, 3.40% and 3.65%, respectively, as of October 2024

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 […]

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.

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.

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.