Greece’s seasonally adjusted (SA) GDP rose by 2.7 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2020 after an upward revised increase of 3.1 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
The number of enterprises in Greece that closed last year fell by more than a fifth last year, while the number of new start-ups was virtually unchanged from the year before, according to data from the Hellenic Statistical Authority.
The spread of Covid-19 in Greece, and the problems this is causing for the health system, shows no sign of abating, triggering growing concern about the financial cost of the crisis and the government’s ability to keep providing businesses with economic relief.
Piraeus Bank and Alpha Bank are both moving forward with actions this week to continue strengthening their balance sheets, with the former extending its ongoing partnership with Swedish loan servicer Intrum AB.
The latest figures from Greece’s public sector staff census show a continuation of the trends established during the latter part of the country’s financial crisis. While the numbers of permanent staff in the public sector remain static or slightly reduced compared to previous years, there have been steady increases in other categories, including temporary contract staff.
Every month, the Greek statistical agency ELSTAT publishes a helpful report on developments in the domestic labour market called the “Labour Force Survey.” The issue from February 11, 2021 presents data through November 2020 on employment, unemployment, and how many people in the WAP (the working-age population, 15-74 years) are inactive. These monthly reports have long time series attached to them which are also available from ELSTAT (in excel format).