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Athens News Agency: News in English, 08-06-24
CONTENTS
[01] Current acc'ts deficit up 5.7%
[01] Current acc'ts deficit up 5.7%
A jump in international oil prices has led to a widening of the
country's current accounts deficit in the first four months of the
year, the Bank of Greece announced on Tuesday. The central bank, in a
monthly report, said payments on fuel imports rose 46.6 percent, while
the trade deficit widened by 16.5 percent and the current accounts
deficit rose by 5.7 percent in the January-April period.
The current accounts deficit rose by 692 million euros, compared with
the same period last year, to 12.85 billion euros, while the widening
of the trade deficit by 2.0 billion euros reflected mainly a 1.2
billion euros increase in net payments on fuel imports. Excluding ships
and fuel, the value of Greek exports rose by 419 million euros or 11
pct, while the value of imports rose by 960 million euros, or 7.8
percent in the January-April period.
The services' surplus rose by 366 million euros, reflecting a 22.6 pct
rise in shipping net revenues, while gross revenues from tourism rose
3.2 pct, while the current transfers' surplus grew by 1.4 billion
euros.
The financial services balance showed that foreign direct investments
recorded a net outflow of 813 million euros in the four-month period,
while portfolio investments recorded a net inflow of 3.8 billion
euros.
Caption: ANA-MPA file photo.
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