Bank of Greece

The length of this year’s tourist season will determine if 2023 is a record-breaking year for the sector.

What the central bank data shows

Inbound travel traffic increased by 241.5% in June 2022 and by 360.8% in the January-June period

Greece loses 1 in 3 euros from VAT – The measures proposed by the BoG

What the data show

In January-May 2021, the current account deficit increased by 534 million euros compared to the corresponding period of 2020 and amounted to 6.2 billion euros

Stournaras said the country's will be boosted by 1.9 pct each year from the use of the 30.2 billion euros of EU funds earmarked for Greece.

Bank of Greece Governor Yannis Stournaras is expected to play a key role in seeking money in order to stabilise the situation in the Greek banking sector to the extent possible.

To ensure a better future for the country and its citizenry one needs a growth dynamic and not the distribution of paltry benefits.

The data of the Bank of Greece show that the exposure of Greek banks to non-performing loans (NPLs) amounts to 81.8bn euros, which is 45.4 percent of the total aggregate value of all loans.

'The unheard of effort of Minister Pavlos Polakis to influence the administration of the Bank of Greece and me personally regarding how we carry out our duties constitutes a flagrant institutional aberration.'

'Taking into account the global economic slowdown and the major challenges faced by the Greek economy, the reform effort must continue with unwavering resolve,' said the Bank of Greece Interim Monetary Policy Report