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The Greek central banker, considered as among the “doves” on the European Central Bank's governing council, also said the latter must differentiate its positions from the FED

According to Greece's central bank, net revenues from property sales in the country purchased by foreign nationals in 2023 exceeded 2.1 billion euros.

General inflation is expected to further decline in 2024 to 2.8%

According to the Bank of Greece corporate deposits decreased by 912mln euros, compared to a 3.167bln euros decrease the previous month

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

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

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

As the BoG figures show, travel receipts amounted to 20.459 billion euros, a 12.7% uptick from 18.151 billion euros in 2019

Deposits placed by the general government in In December 2023 decreased by 1.060 billion euros, compared with a decrease of 27 million euros in the previous month

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

For the 11-month term January-November of 2023 it recorded a surplus of €17.895,5 million, the data revealed

The BoG Governor spoke at an annual New Year’s cake-cutting event at the central bank’s headquarters in downtown Athens

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

The data revealed the economic strain Greek households and businesses are under due to the high cost of living in the country

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

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 […]

n his opening statement, BoG Gov. Yannis Stournaras stressed that “…During these past years, humanity faced multiple challenges that affected geopolitical, financial and social stability, with climate change emerging as the most important challenge of our time."