Tag: Bank of Greece

Greek economy set to shrink but due for recovery in 2021

Greek economy set to shrink but due for recovery in 2021

In its latest report submitted to Greek Parliament on Monday, the Bank of Greece estimates that the country’s economy is set to contract by 4.4% to 9.4% this year. According to its…

Love Music

Love Music: 16 sports personalities & 16 music artists (VIDEOS)

Sixteen sports personalities and sixteen popular music artists joined forces for “Μουσικές Αγάπης” (Love Music), a challenge by 24Media to raise money for Greece’s healthcare system. In the musical challenge ‘‘The Unplugged…

Yannis Stournaras

Recession looms as Greek economy set to shrink

The Governor of the Bank of Greece Yannis Stournaras, said on Tuesday that he expectes the country’s GDP to contract by 8.0% under the worst-case scenario. Stournaras made the comments during a…

greece

Greece in Brief: March Report

Following the promising data in from 2019 in terms of growth in the economy across most industry sectors not to mention record foreign investment, Greece can expect a slump in growth when…

tourism Athens

Greece ranks 4th in tourism market in Med

A Bank of Greece report indicated that Greece occupied the fourth spot in terms of the Mediterranean tourism market, whilst Spain, Italy and Turkey took the first three places, respectively. The report…

Greek economy

Positive forecasts for Greek economy as growth continues

The European Bank for Reconstruction and Development (EBRD) said in its autumn economic forecasts report released on Tuesday, that the Greek economy is set to grow by 2% this year and 2.4%…

Greek apartment

Greek apartment prices on the rise

The Bank of Greece released new data on Monday showing an increase in apartment prices by 6.3% in the first half of 2019, while prices grew by an average annual growth rate…

capital controls greece

Greece finally free of capital controls!

Greece’s Prime Minister announced the complete removal of the capital controls during Monday’s session in Parliament. The controls restricted the amount of monies citizens could withdraw from their own accounts and had…

Eurogroup

Greek government seeks total lifting of capitol controls

Greece’s Finance Ministry has announced that the Mitsotakis government has ready the provisions on the total lifting of the capital controls, approximately 4.5 years after their imposition and expects the green light…

bank of Greece

Greeks boost bank deposits by 841 million euros

The Bank of Greece in its latest report on Tuesday noted an increase in private sector bank deposits to the tune of 841 million euros. According to the report, bank deposits reached…

Greek economy

Greece will make it out of the crisis: Deutsche Bank

The Deutsche Bank and the Bank of Greece forecast a positive climate for Greece in their respective reports on Monday. In its report titled “Greece in 2018: Finally some light at the…

Greek economy on road to recovery says Bank of Greece Governor 1

Greek economy on road to recovery says Bank of Greece Governor

Greece’s economy is on the road to recovery said Bank of Greece Governor Yannis Stournaras on Thursday evening at an event organised by the British Hellenic Chamber of Commerce. According to the…