ECONOMY

Greek current account deficit widens in February

Greece’s current account deficit widened in February compared to the same month a year earlier while tourism receipts rose slightly, according to central bank data published on Monday.

The deficit stood at 929 million euros ($1.00 billion) versus a deficit of 729 million euros ($786.30 million) in February 2014, due to a smaller surplus in the services balance and a deficit in the income account after higher interest and

dividend payments.

Last year Greece posted a current account surplus of 1.657 billion euros, up from 1.089 billion in 2013, helped by higher tourism revenues – its biggest foreign-currency earner.

Tourism revenues rose slightly to 157 million euros in February from 135 million euros in the same month last year.

[Reuters]