Economy
Unemployment drops to 16.2 pct in Q1, excluding furloughed workers
The Greek non-seasonally-adjusted unemployment rate stood at 16.2 percent in the first quarter (Q1) of the year, decreasing from a rate of 16.8 percent noted in Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Primary cash deficit at 5.35 bln in May
Greece’s central government primary cash balance recorded a deficit of 5.35 billion euros in the first five months of the year according to figures released by the Bank of Greece (BoG).
Loans managed by servicers in Q1 rise by 30.9 pct QoQ to 30.82 bln
The Bank of Greece’s (BoG) released statistics for the first quarter (Q1) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Covid-19 takes toll on budget as primary deficit widens to 4.80 bln in May
The budget primary balance recorded a deficit of 4.80 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in April 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for May showed on Monday.
Turnover in services shows deterioration in Q1
Turnover indices for the services sector showed a deterioration in the first quarter (Q1) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
Building permits increase by 10.2 pct in March
Building permits rose by 10.2 percent year-on-year (YoY) in March compared to a rise of 64.3 percent in February, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Employment balance positive by 32,975 in May, aggregate figure shows 259,233 fewer jobs
The employment balance was positive with 32,975 more hirings than firings in May, data from the Labour Ministry’s Ergani information system showed.
ESM report highlights programme weaknesses, outlines improvements for future bailouts
The European Stability Mechanism published on Thursday, along with its 2019 annual report, an independent evaluation of the Greek bailout programmes.
Exceptional conditions behind reduced unemployment rate of 14.4 pct in March
Greece’s seasonally adjusted (SA) unemployment rate came to 14.4 percent in March from a downward revised reading of 15.9 percent in February, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns
The latest OECD economic outlook for June 2020 takes stock of Greece’s position in light of the coronavirus pandemic and presents a number of scenarios.