Bank of Greece (BoG)
Economy
Bank of Greece Chief Against Postponement of IMF Repayment
Bank of Greece (BoG) governor Yiannis Stournaras expressed his disagreement over the government's decision to skip the scheduled repayment to the International Monetary Fund (IMF) and bundle all installments for June 30.
Stournaras reportedly asked the government to avoid such a move because,...
Economy
Tourist Arrivals in Greece Up 45.6%, Travel Receipts up 12.8% in Q1
The number of inbound visitors in Greece jumped 45.6% to 1.728 million in the January-March period this year, from 1.187 million during the same period in 2014, while travel receipts grew 12.8% to 532 million euros over the same...
Economy
Greece's Current Account Deficit Up in Q1
Greece's current account balance showed a 404-million-euro deficit in March, up 316 million compared to the same month last year, the Bank of Greece (BoG) said on Friday. In a monthly report, the central bank attributed this development to a decline...
Economy
Tension in Greek Parliament as Opposition Parties Raise Objections Over Legislative Order
The Greek Parliament discussion earlier today over the legislative order issued this week, ordering the country’s public sector operations to transfer excess funds to the Bank of Greece (BoG) in a dramatic attempt to cover the country's needs, was stigmatized...
Economy
Greek Deputy FinMin: Cash Reserves Transferred to BoG Account 'Fully Guaranteed'
The cash reserves of general government entities are fully guaranteed, Greek Deputy Finance Minister Dimitris Mardas said in Parliament on Friday, stressing that mayors, regional authorities and universities have no reason to fear the transfer of their 'idle'...
Economy
Greek Municipalities Oppose Govt Plans to Use Their Funds
Greek municipalities held an emergency meeting earlier today in Athens after the government ordered the country's public sector operations to transfer excess funds in a common account to the Bank of Greece (BoG) in a dramatic attempt to cover its...
Economy
Greek Govt Collects Public Sector Money With Legislative Order to Meet Needs
The Greek government has issued a legislative order today ordering the country's public sector operations to transfer excess funds to the Bank of Greece (BoG) in a dramatic attempt to cover its needs ahead of the upcoming International Monetary...
Economy
Greek FinMin Yanis Varoufakis to Meet US President Obama on Thursday
Greece's outspoken Finance Minister Yanis Varoufakis is expected to meet with United States President Barack Obama on Thursday, his ministry said.
The Greek Finance Minister is currently in Washington participating in the Spring Meetings of the World Bank Group and the International Monetary Fund...
Economy
Lagarde: 'Greece Repaid the Amount Owed to IMF for April'
Greece has repaid the amount it owed to the International Monetary Fund (IMF) for April in the framework of its support program, the Fund’s chief Christine Lagarde confirmed on Thursday.
"I received my money," Lagarde was quoted as saying by AFP...
Economy
Greek Revenues Collapse in First Two Months of 2015
The Greek state budget primary surplus recorded a significant drop to just 503 billion euros in the first two months of 2015, compared to a surplus of 1.68 billion euros in the corresponding period last year. Moreover, the state budget...