Browse through our Interesting Nodes on Cyprus Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Friday, 29 March 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens Macedonian News Agency: News in English, 15-12-21

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek current account balance shows surplus in Jan-Oct

  • [01] Greek current account balance shows surplus in Jan-Oct

    Én October 2015, the current account showed a surplus of 314 million euros, against a deficit of 456 million euros in the same month of 2014, the Bank of Greece said on Monday. This improvement is mainly attributable to a decline in the deficit of the balance of goods, which offset the narrowing observed in the surplus of the services balance, resulting in an improved balance of goods and services. Moreover, the primary and secondary income accounts showed an improvement.

    In the January-October 2015 period, the current account showed a surplus of 2.1 billion euros, against a deficit of 403 million euros in the corresponding period of 2014. This reflects the improved balance of goods and services, which registered a surplus of 1.9 billion euros, against a deficit of 1.4 billion euros in the same period of 2014, mainly due to the reduced import bill. Overall, receipts from exports of goods and services fell by 8 percent, but the corresponding import bill decreased at a faster pace of 14.2 percent. In the same period, the primary and secondary income accounts deteriorated.

    The deficit of the balance of goods declined by 4.4 billion euros, due to an improvement in all subaccounts. More specifically, receipts from exports of goods excluding oil and ships rose by 5.6 percent, while the corresponding import bill did not show any remarkable change.

    The surplus of the services balance shrank, as net transport receipts registered a decline, which was partly offset by a rise in net travel and other services receipts. In the January-October 2015 period, total non-residents' arrivals increased by 7.9 percent year-on-year, while the corresponding receipts grew by 4.1 percent.

    In October 2015, the capital account showed a surplus of 1.1 billion euros, due to a significant rise in net capital transfers from the EU to general government. In the January-October 2015 period, the capital account showed a surplus of 1.7 billion euros, down by 118 million euros year-on-year.

    In October 2015, the combined current and capital account (corresponding to the economy's external financing requirements) showed a surplus of 1.4 billion euros, against a deficit of 466 million euros in the same period of 2014. In the January-October 2015 period, a surplus of 3.8 billion euros was recorded, up by 2.4 billion euros year-on-year.


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Monday, 21 December 2015 - 11:38:05 UTC