Economy
Turnover in tourism drops by 57.6 pct in Q4
The turnover index in accommodation and food services fell by 57.6 percent year-on-year in the fourth quarter, a third straight quarter when it dropped by more than half, Hellenic Statistical Authority figures showed on Friday.
Building permits drop by 0.7 pct in December; rise 9.2 pct in 2020
Building permits fell by 0.7 percent year-on-year (YoY) in December after a drop of 12.4 percent seen in November, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed.
Eurobank posts loss of 1.21 bln euros in 2020 as it sheds off bad loans
Eurobank posted its biggest loss since 2014 last year as the price of a restructuring that will bring down its bad loans ratio to a level approaching the European average.
Trade deficit falls by 23.8 pct in January as EU imports drop 7 pct
Greece’s trade deficit fell by 23.8 percent year-on-year (YoY) in January compared to a drop of 10.8 percent in December, data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday showed.
Industrial production up by 3.4 percent in January
Greece’s Industrial Production Index (IPI) rose by 3.4 percent year-on-year (YoY) in January following a revised increase of 3.5 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
CPI falls by 1.3 pct YoY in February; increases 0.2 pct MoM
Greece’s Consumer Price Index (CPI) fell by 1.3 percent year-on-year (YoY) in February compared to a decline of 2 percent seen in January, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Apartment prices rise by 2.6 pct in Q4, increase 4.2 pct in 2020
The rise in the nominal value of apartments in Greece came to 2.6 percent year-on-year in the fourth quarter of 2020 from an increase of 3.5 percent in Q3 2020, Bank of Greece data showed on Tuesday.
General govt primary cash deficit at 720 mln in January, as social security funds start year in deficit
Greece’s general government (gg) primary cash deficit came to 720 million euros in January compared to a surplus of 878 million euros in the same month of in 2020, according to the Finance Ministry’s (MoF) monthly gg bulletin.
GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
Greece’s seasonally adjusted (SA) GDP rose by 2.7 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2020 after an upward revised increase of 3.1 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday.
Company closures dropped sharply during the pandemic
The number of enterprises in Greece that closed last year fell by more than a fifth last year, while the number of new start-ups was virtually unchanged from the year before, according to data from the Hellenic Statistical Authority.