International macroeconomics

Greece's current account deficit fell by 431.3 million euros year-on-year to stand at €1.6 billion, the Bank of Greece said on Friday.

In a monthly report the central bank said that the reduction in the goods deficit could be attributed to a larger drop in imports than exports in absolute terms.

Türkiye's current account deficit rose from $5.4 billion in April to $7.93 billion in May, according to official data.

Excluding gold and energy, the current account indicated a net deficit of $1.2 billion, the Central Bank said on July 11.

Exports and imports stood at $21.3 billion and $31.8 billion, leading to a foreign trade deficit of $10.48 billion in May.

BELGRADE - National Bank of Serbia (NBS) gross FX reserves reached 22.585 bln euros at end-June, their highest end-of-month level since records began in 2000.

The reserves were up by 496.8 mln euros m-o-m, the NBS said in a statement.

The Turkish Central Bank's international reserves rose from $98.5 billion on May 26 to $108.6 billion on June 30, while the net reserves improved by $14.2 billion over the same period, Treasury and Finance Minister Mehmet Şimşek said on July 11. 

Greek Minister of Rural Development and Food Lefteris Avgenakis met with his visiting Chinese counterpart, Minister of Agriculture and Rural Affairs Minister Τang Renjian, on Wednesday.

Τhe Greek economy will grow at a slower pace this year compared with 2022, as a result of a slowdown in the global economy in an environment of high inflation, tighter fiscal and monetary policy and uncertainty, the Foundation for Economic and Industrial Research (IOBE) said in its quarterly economic outlook report released on Wednesday.

Greece's current account deficit recorded an increase of 120.7 million euros year‑on‑year and stood at €1.8 billion in April, but fell €3 billion to stand at €5.6 billion in the January-April period, the Bank of Greece said on Tuesday.

Greece's current account deficit recorded an increase of 120.7 million euros year‑on‑year and stood at 1.8 billion in April but fell by 3.0 billion euros to stand at 5.6 billion in the January-April period, the Bank of Greece said on Tuesday.

BELGRADE - Increasing by 531.4 mln euros from the previous month, National Bank of Serbia (NBS) gross FX reserves reached 22.088 bln euros at end-May, their highest end-of-month level since records began in 2000.

Türkiye's current account deficit has widened from $4.9 billion in March to $5.4 billion in April, the Central Bank has announced.

The deficit was $2.54 billion in April last year.

"Gold and energy excluded, the current account indicated net deficit of $480 million in April," the bank said.