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GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
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.
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Company closures dropped sharply during the pandemic
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.
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Politics
Pandemic raises economic pressure as govt hopes for imminent relief
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.
Latest lockdown tweaks prompt opposition backlash
Health service in spotlight as govt scrabbles for more measures to contain Covid
Economy
Banks intensify balance-sheet clean up with securitisations, new bonds
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.
PMI dips to 49.4 points in February as cost burdens pile up
OTE's revenue fall by 1.3 pct in 2020; Greek market rebounds in 4Q
Society
Public sector staff trends survive MoU exit, change of government
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.
Greeks see corruption as rife, going unpunished in new survey
Greece persistently bottom of the list for EU gender equality
Agora
Labour market developments in Greece during Covid-19
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).
(Dis)Integration of Bosnia and Herzegovina in the European Union
Eight years later: Is Croatia finally truly ready for Europe?