Economy
OECD releases new outlook calling for sustained reforms post Covid-19
The latest OECD outlook for Greece, made public on Wednesday, has shown that Greece’s economy was growing at the steady pace of close to 2 percent in the three years before the coronavirus pandemic, which heralded a slowdown.
Hoteliers staring at big drop in turnover as liquidity calls grow
The Hellenic Chamber of Hotels (HCH) has released its latest survey regarding the impact of the coronavirus pandemic on the country’s hotel industry, which shows that the hotel market has shown little sign of recovery as the summer begins.
Current account shows deficit of 913.9 mln in May as travel receipts evaporate
Greece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared to a deficit of 1.13 billion in April Bank of Greece (BoG) data showed on Monday.
Industrial turnover drops by 30.4 pct in May
Greece’s industrial turnover fell by 30.4 percent year-on-year (YoY) in May compared to a drop of 35.4 percent in April, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.
Primary cash balance deficit at 6.71 bln in June
Greece’s central government primary cash balance recorded a deficit of 6.71 billion euros in the first six months of the year according to figures released by the Bank of Greece (BoG).
Contribution made by privatisations to GDP since 2010 underlined in new study
Greece’s Foundation for Economic and Industrial research (IOBE) has presented a new study which shows that between 2011 to 2019, privatisations provided an important boost to annual GDP.
BoG stresses more work needed on NPE reduction, pushes bad bank idea
The Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020.
Survey shows investor interest remains solid
A survey by Ernst and Young (EY) has revealed that investor interest in Greece has remained steady throughout the coronavirus pandemic.
Budget primary shows deficit of 5.86 bln in June, target shortfall widens to 6.18 bln
The budget primary balance recorded a deficit of 5.86 billion euros in the first half of 2020, compared to a surplus of 381 million noted in June 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for June showed on Wednesday.
Most businesses think two years needed to overcome Covid-19, expect more govt assistance
Naftemporiki newspaper in collaboration with polling company Rass and Forum2020.gr have released a study illustrating the thoughts of businesses on the coronavirus pandemic in Greece.