The European Central Bank has bought state bonds with a nominal value of 3.3 billion euros in the secondary bond market in the framework of the Public Sector Purchase Programme (PSPP), the Bank of Greece said on Thursday, according to ANA.
The Bank of Greece said the deficit in the balance of goods dropped because of an improvement in the balance of goods excluding fuel, while the fuel balance deteriorated. Exports of goods (excluding fuel) grew 4.5 pct in current prices and 5.0 pct in fixed prices, while imports decreased by 2.5 pct in current prices and 2.0 pct in fixed prices. The decline in exports and imports of fuel reflects a sharp drop in oil prices. The balance of services showed a surplus, while the travel balance improved in the first quarter compared with the same period last year.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
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