The Bank of Greece, in its latest report on financial stability, expresses concerns about possible effects on the Greek economy, both from the sharpening of geopolitical tensions and from the escalation of the US-China trade war. THE Bank of Greece points out that any sharp deterioration in international financial conditions may cause turbulence with adverse … Read more
The January 2024 travel balance did show a noticeable increase, reaching a surplus of €112.6 million, compared to the €54.6 million surplus recorded in January 2023. This is an encouraging development for Greek tourism, signaling a dynamic start to the new year. In particular, an increase of 27.1% was recorded in January 2024 by travel … Read more
The Bank of Greece revised down the growth rate of the Greek economy for 2024. According to her data ELSTATthe growth rate in 2023 fell to 2%, from 2.3% originally forecast. THE TtE now estimates that the GDP of the country will grow by 2.3% in 2024, against an initial forecast of 2.5%. However, the … Read more
According to the Bank of Greece, deposit rates and loan rates increased in November 2023 with the result that the margin between them remained unchanged at 5.92%. In more detail, according to data from the Bank of Greece, the average weighted deposit rates and loan rates increased to 0.50% and 6.25% respectively, with the result … Read more
The number of tourists who visited our country in the period January – November 2023 reached 32 million. According to her data Bank of Greeceinbound travel traffic increased by 17.3% to 31.97 million travelers, compared to 27.25 million travelers in the corresponding period of 2022. This development resulted in travel receipts showing an increase of … Read more
The recent rise in inflation internationally is not due to mistakes in economic policy or increased demand, but to external shocks, such as the war in Ukraine and the rise in fuel prices, stressed the governor of the Bank of Greece, Giannis Stournaras. As added by Mr. Stournarasspeaking Monday at the opening of its renovated … Read more