BUSINESS

Greek current account surplus widens

TAGS: Economy

Greece’s current account balance showed a larger surplus in May compared to the same month last year, on the back of an improved balance in the primary income account due to lower net payments for interest and dividends, the Bank of Greece said on Friday.

Central bank data showed the surplus at 301 million euros from a surplus of 37 million euros in May 2018.

Tourism revenues rose to 1.605 billion euros from 1.468 billion in the same month a year earlier.

In 2018 as a whole, Greece’s current account showed a deficit of 5.3 billion euros, up by 2.1 billion year-on-year as the trade gap widened. [Reuters]

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