Greek current account surplus expands

20 November 2015
136 Views

Greece’s current account surplus widened in September from the same month a year earlier, mainly due to a smaller balance of goods deficit as a result of fewer imports, the Bank of Greece said on Friday.

“A decline in the balance of goods deficit… offset a fall in the surplus of the services balance,” the central bank said.

The data showed the surplus widened to 838 million euros from 610 million euros in September 2014.

Tourism revenues dropped slightly to 2.13 billion euros from 2.25 billion euros in the same month last year.

Last year Greece posted a current account surplus of 1.66 billion euros, up from 1.09 billion euros in 2013, helped by higher tourism revenues – its biggest foreign currency earner.

You may be interested

Trip to mountainous Nafpaktia
GREECE
shares36 views
GREECE
shares36 views

Trip to mountainous Nafpaktia

Panos - Dec 14, 2017

Seven mountains, countless forested peaks and a rough terrain define mountainous Nafpaktia, a 550-square- kilometer area that extends north of…

Greek 3-month T-bills raise 1.3 bln€ on Wed.; 1.6% yield
FINANCE
shares29 views
FINANCE
shares29 views

Greek 3-month T-bills raise 1.3 bln€ on Wed.; 1.6% yield

Panos - Dec 14, 2017

The Greek state drained 1.3 billion euros from the markets on Wednesday through the auction of 3-month T-bills, according to…

Greece should only get a debt deal after its bailout is finished, new Eurogroup president says
FINANCE
shares36 views
FINANCE
shares36 views

Greece should only get a debt deal after its bailout is finished, new Eurogroup president says

Panos - Dec 14, 2017

Greece needs to fully complete its current bailout program before the country receives any relief on its huge debt pile,…

Leave a Comment

Your email address will not be published.