Economy
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.
Primary cash deficit at 8.10 bln in July
Greece’s central government primary cash balance recorded a deficit of 8.10 billion euros in the first seven months of the year according to figures released by the Bank of Greece (BoG).
Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
The budget primary balance widened substantially in July to 8.2 billion euros, from a deficit of 6.10 billion euros in the first six months of 2020, preliminary Finance Ministry (MoF) budget execution data showed on Wednesday.
Construction slides again in May with fall of 8.7 pct YoY in building permits
Building permits continued their decline in May, falling by 8.7 percent, following a much sharper drop of 22.4 percent year-on-year (YoY) in April amidst the lockdown, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Decline in car sales continues with 14 pct YoY fall during July
Road motor vehicles going into circulation for the first time dropped by 14 percent year-on-year in July, following a 24.7 percent drop in June and a sharp decline of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
The employment balance was positive by 67,911 more hirings than firings in July, according to data released on Friday by the Labour Ministry’s Ergani information system.