Economy
Bank deposits rise by 3.32 bln in July
Net deposit movements in the Greek banking system were positive by 3.32 billion euros in July, up sharply from inflows of 448 million in June, Bank of Greece (BoG) figures revealed on Thursday
Alpha Bank posts net profits of 98 mln in Q2
Alpha Bank reported net profits of 98 million euros for the second quarter (Q2) of 2020 compared to a net loss of 11 million euros in Q1 2020.
Budget primary deficit of 7.46 bln confirmed for July as revenues sag
The budget primary balance recorded a deficit of 7.46 billion euros in the first seven months of 2020, compared to a surplus of 1.76 billion noted in July 2019, the final Finance Ministry (MoF) budget execution bulletin for July showed on Thursday.
Retail sector struggles through pandemic
Although it has been several months since the lockdown in Greece ended, the retail sector continues to bear the impact of the coronavirus pandemic.
Grim picture in labour market obliges govt to provide more job support schemes
The government is taking measures to mitigate the impact of the coronavirus pandemic on unemployment, particularly in sectors directly or indirectly connected to the tourism industry.
Receipt losses near 5 bln in first six months as June tourism figures disappoint
Greece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY).
Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
Greece’s current account (C/A) balance posted a deficit of 1.42 billion euros in June compared to a deficit of 913.9 million euros in May, Bank of Greece (BoG) data showed on Thursday.
Industrial turnover drops by 3.8 pct in June, slowing from previous months
Greece’s industrial turnover fell by 3.8 percent year-on-year (YoY) in June compared to a drop of 30.4 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
Central government debt increases by 1.04 bln to 362.87 bln in Q2
Greece’s central government debt increased by 1.04 billion euros to 362.87 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2020, from 361.83 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
New data highlights pandemic impact on enterprises as turnover falls sharply
The Hellenic Statistical Authority (ELSTAT) has released a set of data showing the impact of the coronavirus pandemic on businesses in Greece.