Friday Jul 25, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Account deficit keeps dropping

Greeces current account deficit declined by a remarkable 40.3 percent on an annual basis in the years first four months, while foreign direct investment also reversed its decline to post an increase, according to Bank of Greece data released on Friday.

The account deficit fell by 3.8 billion euros to 5.6 billion, while the trade deficit shrank by 2.5 billion year-on-year, due to the decline in the trade deficit, that does not include fuel and ships, by 1.25 billion euros (or 28.9 percent) and the slashing of net payment for ship acquisition by 737 million euros. Export receipts registered a 5.8 percent increase.

FDI posted a net inflow of 77 million euros in the year to April, against a net outpouring of 703 million euros in the same period last year, BoG data showed.

Tourism receipts dropped by a disappointing 12.2 percent on a yearly basis, or about 100 million euros, after the 9.8 percent decline in foreign tourist arrivals.

In April alone, tourism receipts fell by 8.4 percent and foreign tourist arrivals by 6.5 percent from April 2011.

ekathimerini.com , Friday June 22, 2012 (21:24)  
Aegean Airlines resumes flights to Tel Aviv
Draghi safety net becoming blindfold as bonds soar
Illegal betting worth 5.5-6 billion euros
Wait is still on for many taxpayers
Greek coast guard picks up 77 migrants off Mykonos
Authorities in Greece say 77 migrants trying to enter the country illegally have been detained off the Aegean island of Mykonos. The migrants 53 men, 12 women and 12 children were picked...
Police report points to less crime in 2014
Crimes rates dropped in the first semester of 2014 compared to the previous year, according to a police report released on Thursday. The report showed that there were 52 cases of manslaughte...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Forty years of shortsighted party policies
It is 40 years since the restoration of democracy, and the two main parties which were established in 1974 and determined the countrys fate since then are unable to act their age. For decad...
EDITORIAL
Putting the past behind us
Democracy was restored in Greece 40 years ago and the country owes a debt to Constantine Karamanlis for handling the transition and anchoring the country firmly in the safe port of Europe wi...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek coast guard picks up 77 migrants off Mykonos
2. Aegean Airlines resumes flights to Tel Aviv
3. Draghi safety net becoming blindfold as bonds soar
4. Police report points to less crime in 2014
5. Illegal betting worth 5.5-6 billion euros
6. Wait is still on for many taxpayers
more news
Today
This Week
1. Draghi safety net becoming blindfold as bonds soar
2. Aegean Airlines resumes flights to Tel Aviv
3. Police report points to less crime in 2014
4. Greek coast guard picks up 77 migrants off Mykonos
5. Quadriplegic woman on life support 'dies due to unpaid power bills'
6. Efforts continue on Crete to find 'Sifis' the crocodile
Today
This Week
1. Greece seen in third bailout as bonds not enough, economists say
2. Climber dies in Mount Olympus fall
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Greek banks able to tap investors after stress tests, HFSF Says
5. Unequal after death
6. Death on MH17 and our global war
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.