Bank of Greece

Current account deficit shrinks in April, tourism revenues up

Greece's current account balance showed a slightly smaller deficit in April compared to the same month last year, on lower payments for fuel imports and higher receipts from transport services, the Bank of Greece said on Thursday.

Central bank data showed the deficit at 1.4 billion euros ($1.58 billion) from a deficit of 1.486 billion euros in April 2018.

Book Bazaar | Thessaloniki | June 20 & 21

The National Bank of Greece Cultural Foundation (MIET) and its Archive of Greek Literature and History (ELIA) are hosting a bazaar at MIET's Kapandji Villa, with discounts coming to as much as 70 percent on selected books, magazines, postcards, old newspapers and other memorabilia from the 19th and 20th centuries, in Greek as well as other languages.

ESM issues stern warning to Greek government

The European Stability Mechanism (ESM), Greece's chief creditor, in a regular report on the Greek economy has warned Athens to fully implement all reforms agreed to in the bailout memorandums, including a 3.5 percent of GDP primary surplus until 2022.

The report coincides with the Bank of Greece's announcement that it projects a 2.9 percent primary surplus for 2019.

Editorial: Benefits or investments and growth?

Once again we are witnessing pledges of a host of social benefits, and area in which Prime Minister Alexis Tsipras is by far the champion.

Undaunted after the benefits he handed out on the eve of European and local elections on 26 May failed to woo voters, he is still making promises in an effort to halt his party's downward spiral.

BoG head: Primary surplus set to miss target

After the European Commission, Bank of Greece Governor Yannis Stournaras also warned on Tuesday that Greece will miss its budget target for this year as a result of the handouts promised by outgoing Prime Minister Alexis Tsipras. The central banker said the data available point to a primary surplus of 2.9 percent of gross domestic product.

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