Economy
General govt primary cash deficit at 5.49 bln in Aug, arrears up by 172 mln
Greece’s general government (gg) primary cash deficit came to 5.49 billion euros in the first eight months of the year compared to a surplus of 2.78 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Microsoft deal welcomed as Greece vies for more foreign investments
Microsoft has announced plans to create three data centres in Greece in a much-needed boost for the country’s investment profile as part of its "GR for GRowth" initiative.
Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
The Finance Ministry tabled in Parliament on Monday the draft budget for 2021 in which the Greek authorities see a substantial recovery next year that will offset most of the losses suffered in 2020 due to the pandemic.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
The International Monetary Fund (IMF) concluded on Friday its second post-programme monitoring mission, which took place remotely, by publishing the staff concluding statement.
Aegean Airlines reports losses in H1 while PPA, GEK Terna see reduced profitability
Aegean Airlines’ first half (H1) results for 2020 showed that revenues fell by 64 percent compared to the same time last year.
PMI rises to 50 points in September, signalling stabilisation
Greece’s manufacturing PMI increased to 50 points in September from 49.4 points in August, according to the latest data from Markit.
Latest air traffic data emphasises tourism's difficulties as 2019 data reveals bumper year
That latest air traffic data has highlighted what a terrible year the Greek tourism sector is going through, just as newly released 2019 figures highlighted an increase in arrivals and receipts last year.
Retail turnover drops by 3 pct in July for fifth straight negative reading
Greece’s retail sales index decreased by 3 percent in July following a downward revised drop of 3.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Greek businesses under pressure due to late payments, survey shows
Intrum has released its latest European Payment Report (EPR) which outlines how late payments impact the business outlook across Europe.
Consumer confidence drops by 6 pts as economic sentiment declines in September
Greece’s economic sentiment (ESI) dropped by 1.2 points month-on-month in September to reach 89.5 points, European Commission (EC) figures showed on Tuesday.