Current account

Greece's current account balance showed a larger surplus in May compared to the same month last year, on the back of an improved balance in the primary income account due to lower net payments for interest and dividends, the Bank of Greece said on Friday.

Central bank data showed the surplus at 301 million euros from a surplus of 37 million euros in May 2018.

This May Turkey's current account balance posted a $151 million surplus, improving from a $6.17 billion deficit in the same month last year, the Turkish Central Bank announced.

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.

Romania's consumption-fueled growth has raised macroeconomic imbalances, including inflation pressure and increased fiscal and current account deficits, so a change in the course of policies is needed to reduce the likelihood of another boom-bust scenario, the International Monetary Fund writes in its Staff Concluding Statement of the 2019 Article IV Mission posted on Friday.

Greece's current account deficit widened in March compared to the same month last year, due to an increase in imports of fuel and other goods, the Bank of Greece said on Tuesday.

Central bank data showed the deficit at 1.503 billion euros ($1.68 billion) from a deficit of 1.151 billion euros in March last year.

Turkey's current account deficit has dropped to $589 million in March, decreasing by $4.14 billion compared to the same month in 2018, the Central Bank of Turkey (CBRT) said on May 13.       

Romania is confronted with increased risks in the form of the current account deficit deteriorating and the increase of unit labor costs, and the recent government decisions have increased the risks in the financial sector and they could negatively affect private investment, the European Commission shows in the Country Report Romania published on Wednesday.

Bank of Greece figures showed on Wednesday that the country's current account deficit expanded by 2.1 billion euros last year, compared to 2017.
The growth of the deficit is mainly attributed to the increase in imports which accompanied the economy's emergence from recession.

Greece's current account balance showed a wider deficit in November compared to the same month a year ago, on the back of a larger trade gap and a weaker primary income balance, the Bank of Greece said on Monday.

Central bank data showed the deficit at 1.417 billion euros from a deficit of 1.125 billion euros in November 2017.

Bulgaria's balance of trade until November 2018 is negative, and stands at 167.2 million euro, with a deficit of 119.5 million euro for November 2017, the Bulgarian National Bank says, quoted by the Bulgarian National Radio.