Economy
New tax debt at 3.90 bln to September, up by 695 mln month-on-month
The month-on-month rise in Greece's new tax debt came to 695 million euros in September, data from the Independent Authority of Public Revenues (IAPR) has shown.
Greece among hardest hit in Covid-related drop for European arrivals
The European Travel Commission (ETC) has examined tourism trends in the light of the second coronavirus wave and found that arrivals in Europe in the first eight months of the year were down by 68 percent compared to 2019.
Budget primary shows deficit of 9.06 bln in October
The budget primary balance recorded a deficit of 9.06 billion euros in the first ten months of 2020, compared to a surplus of 5.74 billion noted in October 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for October showed on Monday.
Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
Research by the ICAP group has looked into which areas of the economy were hardest hit by the pandemic and estimates that many businesses will see a notable drop in revenue compared to 2019.
OTE and Coca Cola 9M results show continued pandemic fallout
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the nine month period (9M) of the year fell by 0.1 percent year-on-year (YoY).
Building permits drops by 3.3 pct in Aug, up by 13.7 pct in 8-month period
Building permits fell by 3.3 percent year-on-year (YoY) in August compared to a rise of 12 percent in July, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed.
Bridge scheme activated as banks look to avoid second-wave NPL increase
The ‘Bridge’ scheme for mortgage subsidies, which will subside up to 90 percent of payments from eligible individuals, has been activated as part of a number of mechanisms to relieve pressure on borrowers hit by the coronavirus pandemic.
Employment balance negative by 33,356 in October as seasonality affects education and tourism hires
The employment balance was negative with 33,356 more firings than hirings in October, data from the Labour Ministry’s Ergani information system showed.
CPI falls by 1.8 pct YoY in October as air travel and energy drop
Greece’s Consumer Price Index (CPI) fell by 1.8 percent year-on-year (YoY) in October compared to a decline of 2 percent seen in September, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
In negative territory for 12 straight months, industrial production drops by 2.4 pct in Sept
Greece’s Industrial Production Index (IPI) decreased by 2.4 percent year-on-year (YoY) in September following a revised decrease of 4 percent in August, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.