Cur­rent ac­count sur­plus widens

Kathimerini English - - Focus -

Greece’s cur­rent ac­count sur­plus widened in Au­gust from the same month a year ear­lier, mainly due to a smaller bal­ance of goods deficit as a re­sult of lower im­ports, the Bank of Greece said yes­ter­day. “The deficit of the bal­ance of goods shrank by 268 mil­lion eu­ros yearon-year, mainly be­cause of a drop in im­ports, which was largely due to the im­po­si­tion of cap­i­tal con­trols. Ex­ports also de­clined, al­beit to a lesser ex­tent,” the coun­try’s cen­tral bank said. The data showed that the sur­plus widened to 2.09 bil­lion eu­ros from 1.86 bil­lion eu­ros in Au­gust 2014. Tourism rev­enues in­creased slightly to 3.39 bil­lion eu­ros from 3.16 bil­lion eu­ros in the same month last year. Last year Greece posted a cur­rent ac­count sur­plus of 1.66 bil­lion eu­ros, up from 1.09 bil­lion eu­ros in 2013, helped by

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