![BoG: Feb. Current Account Deficit up by 1.8bln](https://www.ot.gr/wp-content/uploads/2024/04/bog-1024x682.jpg)
BoG: Feb. Current Account Deficit up by 1.8bln
At current prices, exports dropped by 10.3% (‑10.7% at constant prices) and imports grew by 5.7% (9.4% at constant prices).
At current prices, exports dropped by 10.3% (‑10.7% at constant prices) and imports grew by 5.7% (9.4% at constant prices).
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
Greece's central banker also said high market prices in the country bely a problem with competitiveness
Corporate deposits decreased by 912 million euros, compared to a decrease of 3.167 billion euros in the previous month
The measures are aimed at preventing or mitigating systemic risks stemming from the real estate market in Greece
Nevertheless, influential central banker tells LSE audience that pending issues remain in order to upgrade economy's long-term competitiveness
The positive trend is reflected by the high demand expectations of Greek hoteliers, according to the study, with the relevant index reaching its highest historical point in the January-February period
Hotel chamber also wants stricter guidelines for rival AirBnB-style short-term rentals
He added that recent data shows that the goal to keep inflation at 2% will be reached in the autumn
For the 12-month period of January-December, non-resident traveler arrivals rose by 17.6%, with related receipts increasing by 15.7%
As the BoG figures show, travel receipts amounted to 20.459 billion euros, a 12.7% uptick from 18.151 billion euros in 2019
Central banker underscored the significance of leveraging available European funds, particularly the Recovery and Resilience Facility (RRF) in strategic sectors of the economy
The bank cautions anyone expecting to acquire positions in Greece at low prices may be disappointed, as strong investment demand is evident, particularly in the demand for Greek assets
According to ELSTAT, overall gross savings in the economy increased to €21.8 billion in 2022 from €16.5 billion in 2021, primarily driven by businesses and the general government, while households showed a decrease in savings by -2.6% of GDP.
The Greek bourse’s performance was the third best since 1999 and among the best performers worldwide
One firm estimates that the Greek market is seventh, worldwide, in terms of popularity for purchasing luxury residences, having recently surpassed Portugal and Spain, which are in ninth and 14th place, respectively
The specific casino remains the sole such gaming entity in the wider Athens-Piraeus area
He was speaking last week at the annual OT Forum in Athens
Θα πραγματοποιήσει σειρά επαφών με επενδυτές, και ανώτατα στελέχη επενδυτικών οίκων και επενδυτικών τραπεζών
Συμμετέχουν Κορυφαίοι Αμερικανοί και Διεθνείς Επενδυτές, Διεθνείς & Ελληνικές Επιχειρήσεις, Διεθνείς Τράπεζες & Οργανισμοί, Ανώτερα Κυβερνητικά Στελέχη από Ελλάδα & Αμερική
The Public Revenue (AADE) data showed there were currently 1,064 tax exemptions costing 15.557 billion euros to the state budget
He expressed his view that the ECB should lower interest rates as of mid-2024, assuming certain conditions allow.
The decision to keep rates at their current level comes after 10 consecutive hikes, dating to July 2022, which pushed its key rate to a record-high 4 percent
The influential ECB central banker and former IMF managing director also called on depositors in Greece to negotiate for better interest rates for their savings
She also touches on improved figures for the country’s national debt
Διαχειριστής - Διευθυντής: Λευτέρης Θ. Χαραλαμπόπουλος
Διευθύντρια Σύνταξης: Αργυρώ Τσατσούλη
Ιδιοκτησία - Δικαιούχος domain name: ΟΝΕ DIGITAL SERVICES MONOΠΡΟΣΩΠΗ ΑΕ
Νόμιμος Εκπρόσωπος: Ιωάννης Βρέντζος
Έδρα - Γραφεία: Λεωφόρος Συγγρού αρ 340, Καλλιθέα, ΤΚ 17673
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