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Bank of Greece

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...

Revenues from American Tourists in Greece Up By 119% in First Quarter of 2019

According to the latest figures published by the Bank of Greece recently, revenues that American tourists left in Greece during the first quarter of 2019 went up by a whopping 118.9 percent compared to the first quarter of 2018. Tourists...

Greek State Budget Surplus Up by €1 Billion Compared to First Quarter of 2018

The Greek state budget recorded a primary surplus of €1.85 billion in the first quarter of 2019, up from a surplus of €840 million in the same period last year, the Bank of Greece said in a report released...

Final Data Reveals More Than 33 Million Tourists Visited Greece in 2018

According to the final data revealed by the Bank of Greece on Wednesday, a total of 33,072,000 people visited Greece from January 1 to December 31, 2018. According to the official data, the inbound tourist arrivals in Greece reflected an...

Bank of Greece Revises Growth Downward for 2019

The Bank of Greece said in a report on Monday that the Greek economy is expected to grow by 1.9 percent this year, which marks a downward revision to its December estimate of 2.3 percent growth. The new number is...

Greek Minister Accused of Illegally Recording Phone Call with Central Banker

Bank of Greece Governor Yannis Stournaras on Tuesday called for the intervention of judicial authorities over the recording of a telephone call with a government minister which was leaked to a news site. In an angry press release, Stournaras called...