Greece
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Bank of Greece

Greek Economy to Receive Enormous Boost From EU Recovery Plan

  The Greek economy will receive a major boost over the coming years from the historic European Union decision to create a recovery fund, titled the "Next Generation EU" plan, agreed upon earlier this month, according to Bank of Greece...

Greece's Tourism Revenues Plunge Due to Lockdown

The coronavirus lockdown has hit tourism revenues hard, according to data published on Friday by the Bank of Greece. In the four months between January and April of 2020, the number of tourist arrivals was reduced by 36.1 percent --...

Worst-Case Scenario for Greece is Eight Percent Recession, Says BoG Chief

Estimates of a ten percent economic contraction this year were excessive, Bank of Greece (BoG) governor Yannis Stournaras said on Tuesday, while noting that he still expected the country’s GDP to shrink by 8.0 percent under the worst-case scenario. Speaking...

Bank of Greece Forecasts Zero Growth for 2020

The Greek economy will fall to zero growth this year while it will show a significant divergence from fiscal targets for the year, the Bank of Greece said in its annual report on the Greek economy, presented on Friday. The...

Bank of Greece Chief Foresees Growth Over Three Percent After 2020

Bank of Greece governor Yannis Stournaras said on Thursday in a speech in the United States that growth rates could rise higher than three percent after 2020, given the right conditions. Speaking at an event sponsored by the Stavros Niarchos...

Capital Controls to Be Lifted by the End of September, 2019

The Bank of Greece and the Greek government are ready to completely lift capital controls in Greece, media reports suggested on Thursday. The restrictions to capital imposed in June of 2015 will be lifted by the end of September of 2019,...

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...

Greek Airbnbs Hosted 1.8 Million Foreigners During 2018

The Bank of Greece recently published its final, official figures on Greece's tourist performance for 2018, bringing to light some interesting figures regarding the short-term rental sector, mainly the popular Airbnb platform. According to these final numbers, a jaw-dropping total of...