Economy
Banks step up securitisation drive following pandemic interruption
Having experienced a setback earlier in the year, when the pandemic broke out and led to reconfiguration of the plans on securitisations, Greek systemic banks are accelerating their efforts to catch up for lost time in restoring the health of their balance sheets.
Corporates reflect impact of coronavirus in H1 results
Coca-Cola HBC’s results for the first half of 2020 showed that net sales revenue fell by 15.5 percent year-on-year.
Unemployment rate jumps to 17 pct in May
Greece’s seasonally adjusted (SA) unemployment rate came to 17 percent in May from a slightly upward revised figure of 15.7 percent in April, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash deficit at 5.48 bln in June as tax revenues fall
Greece’s general government (gg) primary cash deficit came to 5.48 billion euros in the first σιχ months of the year compared to a surplus of 1.70 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Piraeus Bank posts pre-tax losses of 215 mln in H1
Piraeus Bank’s first half (H1) results revealed pre-tax losses of 215 million euros compared to pre-tax profits of 57 million euros in the relevant period in 2019.
New tax debt up by 222 mln MoM in April, total for year at 2.44 bln
The month-on-month rise in Greece's new tax debt came to 222 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown.
PMI drops to 46.8 points in July amid Covid-19 uncertainty
Greece’s manufacturing PMI decreased to 48.6 points in July from 49.4 points in June, according to the latest data from Markit PMI.
Retail turnover drops by 5.3 pct in May, volume drops by 5.8 pct
Greece’s retail sales index decreased sharply by 5.3 percent in May following a sharp drop of 24.5 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Economic sentiment at 90.8 in July, consumer confidence slips
Greece’s economic sentiment (ESI) rose by 3.2 points month-on-month in July to reach 90.8 points, European Commission (EC) figures showed on Thursday.
Tourism numbers continue to worsen as worries grow over second Covid-19 wave
As Greece moves into its summer high tourism season, the industry continues to warn of a lost summer in terms of revenue, as cautious tourists stay away.