Bank of Greece
Greece's current account deficit shrank in December 2019 compared with the same month a year earlier, the Bank of Greece said on Thursday.
Central bank data showed the deficit was 0.54 billion euros ($582.98 million), down from 1.514 billion euros in December 2018. Tourism revenues increased to 289 million euros from 272 million in the same month in 2018.
European Investment Bank (EIB) president Werner Hoyer announced ambitious plans for major investments in Greece in 2020 during a visit to Athens for talks with Prime Minister Kyriakos Mitsotakis, Finance Minister Christos Staikouras and other government officials today.
Partnership with National Bank of Greece, Piraeus Bank
The European Commission has improved - albeit marginally - its estimate on Greek growth this year to 2.4 percent in its Winter 2020 Economic Forecast, against 2.3 percent in its fall outlook. However, this figure continues to lag the government estimate of 2.8 percent and is much closer to that of the Bank of Greece (2.5 percent).
Piraeus Bank, Greece's largest lender by assets, on Wednesday opened books for a 10-year Tier 2 bond issue, aiming to raise about 500 million euros ($546 million), a source close to the deal said.
"Piraeus Bank is opening books for a 10-year issue, aiming at about 500 million euros," the source told Reuters.
Pricing is seen in the low 6 percent range, the source added.