International macroeconomics

Greek current account deficit shrinks in November

Greece's current account deficit shrank in November compared with 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 Monday.

Central bank data showed the deficit was 1.392 billion euros down from 1.446 billion euros in November 2018.

Gov’t eyes flexible budget surplus

The government is asking its creditors for the option to transfer any overruns in the primary budget surplus from one year to the next, as well as for a reduction in the primary surplus targets and a change in the use of European central banks' earnings from Greek bond holdings (SMPs and ANFAs) from servicing the national debt to financing investments, according to a senior Finance Ministry off

Current account posts $518 mln deficit in November

Turkey's current account balance saw a deficit of $518 million in November 2019, official figures revealed on Jan. 13.

The balance posted a $1 billion surplus in the same month of 2018, according to the Central Bank of Turkey (CBRT).

The bank's balance of payments figures showed the country's 12-month rolling surplus amounted to $2.7 billion.

Net int'l investment position improves in October

Turkey's net international investment position (NIIP) performed better in October, up 7.9 percent versus the end of 2018, the country's Central Bank said on Dec. 18. 

The NIIP -- the difference between a country's external assets and liabilities -- was minus $341 billion as of the end of October, while it was minus $370.4 billion at the end of last year, according to the bank.

€ 600 Million More Foreign Investments in Bulgaria since the Beginning of the Year

In August 2019, Bulgaria's current account surplus exceeded EUR 1.1 billion, while foreign direct investment increased by EUR 76 million, but with a total increase of over EUR 600 million since the beginning of the year, BNB data on Bulgaria's balance of payments show, BNR reported.