Economy
PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
The Budget office of the Greek Parliament (PBO) issued its first quarterly report for 2020 in which the early signs of the pandemic started becoming visible, although the office notes that even the latest fiscal and macro data are far from capturing the impact of the pandemic.
Central government debt increases by 5.81 bln to 361.83 bln in Q1
Greece’s central government debt increased by 5.81 billion euros to 361.83 billion euros quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020, from 356.01 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
Eurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme.
Primary cash balance deficit climbs to 2.62 bln in April largely on revenue deterioration
Greece’s central government primary cash balance recorded a deficit of 2.62 billion euros in the first four months of the year according to figures released by the Bank of Greece (BoG).
Budget primary balance dips to deficit of 1.51 bln in April on Covid-19 measures
The budget primary balance recorded a deficit of 1.51 billion euros in the first four months of 2020, compared to a surplus of 1.46 billion noted in April 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for April showed on Friday.
Greek corporate heavyweights report Q1 results with an eye on Covid-19
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues in the first quarter (Q1) of the year rose by 3.6 percent year-on-year (YoY).
ADMIE Holdings profits rises to 53.7 mln, affiliate profits grow to 105.9 mln in 2019
ADMIE Holding SA’s 2018 financial results have shown that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose by 28.4 percent to 53.9 million. Net profits came to 53.7 million euros in 2019 compared to 41.9 million euros in 2018.
Greece plans tourism reopening while waiting for EU guidelines
Pressure is mounting on the government to come up with a plan to reopen its tourism industry as the European Union is expected to issue a proposal on Wednesday for the phased restoration of free movement within the union in coming months.
Study suggests 1 in 3 employees could work remotely
Research by the Centre of Planning and Research (KEPE) has revealed that up to a third of Greek workers could work remotely.
Car sales drop by 80.6 pct in April
Road motor vehicles going into circulation for the first time plummeted by 80.6 percent in April, compared to a fall of 50.8 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.