Macroeconomy
Aegean and OPAP revenues suffer while Titan Cement preliminary notice shows resilience
Aegean Airlines’ first quarter (Q1) results for 2020 showed that revenues fell by 15 percent compared to the same time last year.
Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
The budget primary balance recorded a deficit of 4.84 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday.
Wages index up by 0.8 pct in Q1 2020
Greece’s seasonally adjusted (SA) Wages Index turned slightly positive by 0.8 percent year-on-year (YoY) in the first quarter (Q1) of 2020, following a drop of 0.1 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday.
Travel balance falls by 97.8 pct in April
Greece’s travel balance fell to 4.6 million euros in April from 31.6 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 97.8 percent year-on-year (YoY).
Industrial turnover drops by 35.4 pct in April, hitting series low
Greece’s industrial turnover fell by 35.4 percent year-on-year (YoY) in April compared to a drop of 9.3 percent in March, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
Greece’s current account (C/A) balance posted a deficit of 1.13 billion euros in April compared to a deficit of 1.10 billion in March, Bank of Greece (BoG) data showed on Friday.
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.