Current account

Turkey's current account deficit stood at $2.76 billion in January, up by almost $561 million year-on-year, a Turkish Central Bank report showed on March 13.        

The figure was largely in line with forecasts made by a group of 17 economists who told state-run Anadolu Agency they predicted an average of $2.8 billion in January's current account deficit.        

Greece's current account deficit grew in December 2016 compared to the same month a year earlier, the Bank of Greece said on Monday, as the surplus of the country's primary income balance shrank.

The data showed the deficit reached 0.93 billion euros from 0.78 billion euros in December 2015.

Turkey's current account deficit stood at $4.27 billion in December 2016, down by $784 million compared to the same month in 2015, an official data showed on Feb. 14. 

Considering the full year of 2016, the current account deficit was announced $32.61 billion with a slight increase from $32.12 billion in 2015, according to the Central Bank data. 

The World Bank has revised its growth forecast for Turkey in 2016 to 2.1 percent from 3.1 percent, the bank said in its economic report for Turkey on Feb. 2.

The bank said it reviewed the forecast "because recovery in the fourth quarter was weaker than envisaged," while adding that net exports would help the country's growth rate recover in 2017.      

Greece's current account posted a deficit in October compared to a surplus in the same month a year earlier, the Bank of Greece said on Wednesday.

Turkey's current account deficit has widened and is standing at $1.68 billion in October, up by almost $1.33 billion year-on-year, the Central Bank stated on Dec. 12. 

The Bank cited a fall in income from tourism and foreign trade for the decline.         

BELGRADE - Thanks to successful fiscal consolidation and structural reforms, there has been a notable decline of the fiscal deficit in 2016, which should be 2.1 pct of GDP, says NBS Governor Jorgovanka Tabakovic.

"The public debt ratio is expected to drop for the first time since 2008, a year sooner than expected," Tabakovic said at the presentation of the November inflation report.

Greece's current account surplus rose in September compared to the same month a year earlier, the Bank of Greece said on Monday.

The data showed the surplus reaching 1.008 billion euros ($1.07 billion) from 904.1 million euros in September 2015.

Tourism revenues rose marginally to 2.23 billion euros from 2.18 billion in the same month a year earlier.

In September, Bulgaria's balance of payments remained positive and marked an improvement for the first nine months of the year, showed data of the Bulgarian Central Bank (BNB).

The current and capital accounts balance of Bulgaria was positive in September and amounted to EUR 417.1 M, given a surplus of EUR 292.2 M exactly a year ago.

Turkey's current account deficit stood at $1.7 billion in September, an increase from a $167 million surplus in the same month of 2015.

The Central Bank stated on Nov. 11 that this was due to a decline in income from tourism and an increase in imports.