Current account

Greece's current account surplus shrank in August compared to the same month a year earlier, the Bank of Greece said on Friday.

The data showed the surplus reached 1.82 billion euros, down from 2.2 billion euros in August 2015.

According to the latest round of the World Values Survey, only 11 percent of Turks believe that "most people can be trusted." In Germany, that number is 45 percent. When it comes to trusting others, Turks are at the bottom of the list. Yet in comparison to others, Turks save less and borrow more. The current account deficit stands testimony to that.

Turkey's current account deficit has widened, standing at $1.78 billion in August, up almost by $2 billion year-on-year, due to a decline in income from tourism and imports, the Central Bank said in a report on Oct. 12.
The 12-month rolling deficit rose to $31.02 billion, up from $29 billion in July, according to the report.  
      

Greece's current account surplus shrank in July compared to the same month a year earlier, due to an increased trade deficit as a result of higher imports and a lower services surplus, the Bank of Greece said on Tuesday.

In July, Bulgaria's balance of payments remained positive and marked a solid improvement for the first seven months of 2016, showed BNB data, cited by BNR.

The current account balance and the capital account balance were positive in July and amounted to Euro 635.7 M, compared to a surplus of Euro 566 M in July 2015.

Greece's current account deficit shrank in February from the same month a year earlier, helped by an improvement in the income account and a smaller trade deficit, the Bank of Greece said on Wednesday.

"The current account deficit dropped by 650 million euros year-on-year in February," the central bank said.

Turkey's current account deficit stood lower than expected at $1.79 billion for February, a fall of more than $1.5 billion year-on-year, the Central Bank said on April 11. 

Foreign trade figures for January released at the beginning of this week have revealed that the deficit has decreased 13.4 percent from $4.343 billion to $3.762 billion. In parallel with the declining foreign trade this year, the current account deficit is expected to continue shrinking.

Turkey's current account deficit narrowed to $2.1 billion in November 2015, a decrease of $3.689 billion from November of the previous year, the Turkish Central Bank said in a statement on Jan. 11.

Ιn  October 2015, the current account showed a surplus of 314 million euros, against a deficit of 456 million euros compared to the same period in 2014.The improvement is attributed to a decline in the deficit of the balance of goods that managed to improvethe surplus of the services balance.

Primary and secondary income accounts showed an improvement.