Economy
Aegean Airlines reports losses in H1 while PPA, GEK Terna see reduced profitability
Aegean Airlines’ first half (H1) results for 2020 showed that revenues fell by 64 percent compared to the same time last year.
PMI rises to 50 points in September, signalling stabilisation
Greece’s manufacturing PMI increased to 50 points in September from 49.4 points in August, according to the latest data from Markit.
Latest air traffic data emphasises tourism's difficulties as 2019 data reveals bumper year
That latest air traffic data has highlighted what a terrible year the Greek tourism sector is going through, just as newly released 2019 figures highlighted an increase in arrivals and receipts last year.
Retail turnover drops by 3 pct in July for fifth straight negative reading
Greece’s retail sales index decreased by 3 percent in July following a downward revised drop of 3.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Greek businesses under pressure due to late payments, survey shows
Intrum has released its latest European Payment Report (EPR) which outlines how late payments impact the business outlook across Europe.
Consumer confidence drops by 6 pts as economic sentiment declines in September
Greece’s economic sentiment (ESI) dropped by 1.2 points month-on-month in September to reach 89.5 points, European Commission (EC) figures showed on Tuesday.
Greek housing market at new juncture as Covid-19 shakes foundations
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At the end of 2019, the Greek property market was showing signs of a gradual recovery from the battering it received in the country’s decade-long financial crisis, and 2020 looked set to continue the trend.
Budget primary confirmed at deficit of 5.48 bln in August
The budget primary balance recorded a deficit of 5.48 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the final Finance Ministry (MoF) budget execution bulletin for August showed on Friday.
Deposits rise by 421 mln in August as aggregate growth nearly doubles
Net deposit movements in the Greek banking system were positive by 421 billion euros in August, up from inflows of 3.32 billion in July, Bank of Greece (BoG) figures revealed on Friday.
Credit growth in August up by 1.9 pct
Credit movement in the Greek private sector rose by 1.9 percent in August after an increase of 1.5 percent in July, Bank of Greece (BoG) figures showed on Friday.