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Bank of Greece Forecasts 1.9% Growth for 2019 and Lower Primary Surplus

The Bank of Greece published its interim report on Monetary Policy on Monday, where it highlights some interesting projections for the future of Greece’s economy. The central bank estimates that the country's gross domestic product (GDP) will grow by 1.9...

Bank of Greece: Record September for Greek Tourism

The best month with a double-digit increase in both arrivals and receipts was by far this September for Greek tourism, according Bank of Greece data, with revenues for the first nine months approaching €13 billion. In particular, arrivals of non-resident...

Stournaras: BoG’s Relations with the Government were Never Soured

Relations between the Bank of Greece (BoG) and the government were never soured, BoG Governor Yiannis Stournaras told journalists after a meeting with Prime Minister Alexis Tsipras on Saturday. Talks between the two focused on the Greek banking system and developments...

Greek Government Arrears Repayment of 1.1 Billion Euros in July

According to figures released by the Bank of Greece (BoG) and the General Accounting Office on Thursday, the Greek government has deposited 1.1 billion euros back into the Greek market. The payment in arrears went, for the most part, to...

Legal Experts: Greece Has Grounds for WWII Reparations

A growing number of legal experts are supporting Greece's demands over the German war reparations from the country's brutal Nazi occupation during World War II. Despite the official German refusal to address the issue, legal experts say now Athens...

BoG Governor Stournaras: ECB's Decision Can be Lifted

The Governor of Bank of Greece (BoG) and former Finance Minister Giannis Stournaras appeared confident today that the Greek banks' liquidity is absolutely guaranteed and that the deposits are completely secured. In a meeting with the SYRIZA-led government Vice President,...

Greek Current Account Deficit Down in Jan-May

Greece's current account deficit dropped by 832 million euros in the January-May period this year to 2.5 billion euros, the Bank of Greece (BoG) said on Monday. In a report, the central bank said that the current account balance in May...

A Comprehensive Overall Solution for Greece's Debt by August 15

The Troika of Greece’s creditors managed to reach an agreement with the Greek government today, that a comprehensive 'overall solution' will be sought on the issue of debt, held by banks and the state, and social insurance funds. The meeting was attended by ministers,...

Samaras Calls for Acceleration of Privatizations

In a meeting that included Government Vice-President and Foreign Minister Evangelos Venizelos, as well as Greek Finance Minister Gikas Hardouvelis on Monday, Prime Minister Antonis Samaras set the issue of accelerating privatizations. Hardouvelis went to the Prime Minister immediately after concluding a 3.5 hour-long meeting with...

BoG Governor: Greece's Recovery Not Sustainable Without New Loans

Greece's recovery is not sustainable without new loans, Bank of Greece (BoG) governor Yannis Stournaras said on Thursday. Speaking at a BoG event, Stournaras underlined that Greece's recovery has not relied on bank lending so far, which was practically non-existent....