Current account gap widens in January as services surplus shrinks

22 March 2016
544 Views

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 Greece
GREECE
shares26 views
GREECE
shares26 views

Thousands of refugees and illegal immigrants to be removed from apartments and hotels in Greece

makis - 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 Mosque
SLIDE
shares50 views
SLIDE
shares50 views

Muslims to pray in front of Hagia Sophia to put pressure to revert historic site into a Mosque

makis - 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 lovers
ART
shares57 views
ART
shares57 views

Athens Open Air Film Festival promises unforgettable nights to movie lovers

Panos - May 28, 2020

The Athens Open Air Film Festival promises movie goers unforgettable cinematic experiences as the summer event organised for the tenth…

Leave a Comment

Your email address will not be published.