Current account gap widens in January as services surplus shrinks
Greece’s current account deficit widened in January from the same month a year earlier after weaker surpluses in the services balance and primary income account, the Bank of Greece said on Tuesday.
“The surplus of the services balance almost halved year-on-year, declining by 218 million euros, as a result of lower net transport receipts – mainly sea transport receipts,” the central bank said.
The data showed the deficit reached 742 million euros ($831.4 million) from 281 million euros in January 2015. Tourism revenues fell slightly to 161 million euros from 169 million in the same month a year earlier.
In 2015 as a whole, Greece posted a current account deficit of 7.5 million euros, the data showed, helped by higher tourism revenues – its biggest foreign currency earner.
You may be interested
Thousands of refugees and illegal immigrants to be removed from apartments and hotels in Greecemakis - May 29, 2020
The Migration and Asylum Ministry announced the start of the operation on June 1, of the eviction of both legitimate…
Muslims to pray in front of Hagia Sophia to put pressure to revert historic site into a Mosquemakis - May 28, 2020
Muslim mosques in Turkey will be reopening from tomorrow, Friday, the day of the fall of Constantinople (Istanbul), with the…
Athens Open Air Film Festival promises unforgettable nights to movie loversPanos - May 28, 2020
The Athens Open Air Film Festival promises movie goers unforgettable cinematic experiences as the summer event organised for the tenth…