Current account gap widens in January as services surplus shrinks

22 March 2016
512 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

Reuters: Strong demand for Greek & Austrian bonds
FINANCE
shares29 views
FINANCE
shares29 views

Reuters: Strong demand for Greek & Austrian bonds

makis - Jan 27, 2021

Strong demand emerged today for bond issues from Austria and Greece, which followed larger Eurozone countries that issued bonds earlier…

Lost city of Alexander the Great is found in Iraq using US spy footage of the area captured in the 1960s!
GREECE
shares21 views
GREECE
shares21 views

Lost city of Alexander the Great is found in Iraq using US spy footage of the area captured in the 1960s!

Panos - Jan 27, 2021

Alexander the Great‘s ‘lost city’ was a magical place where people drank wine and naked philosophers imparted wisdom, ancient accounts…

Hidden Masonic links to the legendary treasure of Oak island
GREECE
shares19 views
GREECE
shares19 views

Hidden Masonic links to the legendary treasure of Oak island

Panos - Jan 27, 2021

According to legend, a young man named McGinnis was wandering Oak Island, an island in the Mahone Bay off the…

Leave a Comment

Your email address will not be published.