Economy
Loans under credit servicing firms edges down by 0.4 pct QoQ to 30.90 bln in Q2
The Bank of Greece’s (BoG) released statistics for the second quarter (Q2) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Budget primary shows deficit of 6.61 bln in August
The budget primary balance recorded a deficit of 6.61 billion euros in the first eight months of 2020, compared to a surplus of 2.91 billion noted in August 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for August showed on Wednesday.
Overdue social security contributions rise to 37 bln in Q2
The stock of unpaid social security contributions (SSCs) increased to 37 billion in the second quarter (Q2) of 2020, rising by 687 million compared to the figure of 36.32 billion euros registered in the first quarter (Q1) of 2020, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
Greece’s Parliamentary Budget Office (PBO) issued its Q2 2020 report in which it takes stock of the state of the economy and the impact the pandemic, as well as the lockdown measures had on economic activity between April and June.
HRADF development plan reviews privatisation actions for the rest of the year
The Hellenic Republic Asset Development Fund (HRADF) has revised its asset development plan (ADP) for the remainder of the year.
Turnover in services shows year-on-year deteriorations in Q2
Turnover indices for the services sector showed a deterioration in the second quarter (Q2) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
New tax debt at 2.53 bln to May, up by 96 mln month-on-month
The month-on-month rise in Greece's new tax debt came to 96 million euros in May, data from the Independent Authority of Public Revenues (IAPR) has shown.
VAT gap of 30.1 pct in 2018 keeps Greece among worst performers in EU
The European Commission's VAT Gap report has revealed that the European Union lost an estimated 140 billion in Value-Added Tax (VAT) revenues in 2018, equal to a total revenue loss of 11 percent across the EU.
Employment balance positive by 4,342 in August, aggregate shows 169,239 fewer jobs created
The employment balance was positive with 4,342 more hirings than firings in August, data from the Labour Ministry’s Ergani information system showed.
Wages index up by 3.8 pct YoY in Q2 2020
Greece’s seasonally adjusted (SA) Wages Index turned positive by 3.8 percent year-on-year (YoY) in the second quarter (Q2) of 2020, following a drop of 0.2 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures revealed on Friday.