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Bank of Greece

Speaking English Using Greek: Zolotas’ Historic Speech to World Bankers

Many Greeks recall the speeches in English — peppered with Greek-origin words and phrases — given by economist and politician Xenophon Zolotas in the late 1950s. Zolotas was director of the Bank of Greece when he appeared in front of...

Apartment Prices in Greece Skyrocket

Apartment prices in Greece have skyrocketed, estimated that in the second quarter of 2021 nominal prices increased by an average 4.6 percent

Greek Economy to Grow by 4.3 Percent in 2021, Says EU

The Greek economy is expected to grow by 4.3 percent in 2021 and by 6 percent in 2022, the European Commission said in its forecast report.

Bank of Greece Insists on 4.2% Economic Growth for 2021

The Bank of Greece (BoG) said on Monday that economic growth will reach 4.2 percent this year, as it had also forecast in its previous report

Bank of Greece: Financial System Remained Resilient Through Pandemic

The Greek financial system remained strong throughout the Covid-19 pandemic, the Bank of Greece stated in its Financial Stability Review.

Bank of Greece Forecasts 4.2% Growth for 2021

The Bank of Greece reiterated a 4.2% growth forecast for 2021, but warned that the Greek economy is facing a large number of bankruptcies

Greece Set to Raise $3 Billion from 30-Year Bond Issue

Greece's 30-year bond, issued on Wednesday has attracted great demand, the public debt management agency announced.

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...