Greece’s current account deficit posted a considerable 84.7 percent drop in January compared to the same month last year, according to data released on Thursday by the Bank of Greece.
The Finance Ministry estimates that although this development only concerns the first month of the year, it illustrates a declining trend that could continue for the rest of 2013 and bring the balance to zero.
The current account deficit fell to 221.6 million euros in January 2013 from 1.4 billion euros in January 2012, thanks to the 29.5 percent decline in the trade deficit and the 61.2 percent in interest payments – a result of the Greek debt restructuring (PSI) last March.
The trade deficit fell from 2.3 billion euros to 1.6 billion euros within one year.
Two people are in intensive care and another 11 are being treated for minor injuries after an explosion in a taverna on the island of Salamina, off the coast of Piraeus, on Sunday morning.
F...
A bomb went of on the street where the Greek embassy in Tripoli, Libya, is located but the building was not damaged and there were no injuries, the Foreign Ministry said on Saturday.
"This l...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Certain people have created a monster and now, when they observe it, they wonder what it is. Golden Dawn, along with all its slogans and behavior, is the work of many, not one single person....
The country has a unique opportunity to turn the page. Society has displayed incredible maturity and responsibility, despite all the hardships. Reforms which had been under discussion for de...
