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  1. Hotel industry sees investment in high-end units, but hampered by seasonality
    Photo by Pavlos Svoronos/Fosphotos

    EconomyFeatures

    of stays and 5.4 percent of revenue). In 2019, a total of 9,971 hotel units were registered in Greece with a total of 433,689 and 856,347 beds. The majority of these (22 percent) are located in the North..., HCH showed that in 2019, an average of one job was created for every 2.5 new hotel rooms. A total

    3%

  2. EU main destination for exports in 2019, fuel and pharmaceuticals lead way
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyFeatures

    now receives 55.5 percent of total Greek exports, compared to 44.5 percent for third countries... countries, according to ELSTAT data and including oil products. Total exports of goods came to 33.60 billion.... Despite the overall drop, fuel continued to be the top export product in 2019, and came to a total

    3%

  3. Ministry urges borrowers to apply for home protection before scheme expires
    Photo by Yiannis Drakoulidis/Fosphotos

    EconomyBanking

    in the previous month compared to the end of 2019. In total, such proposals have risen from 402... nationwide, along with an online helpdesk. To date, a total of 19,305 borrowers have been served through... in the second half of the year by servicers. Seventy five percent of debtors received a haircut. Of the total

    3%

  4. Unemployment drops to 16.3 pct in December
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    while is equal to a rise of 1.4 percent. Total employment reached 3.90 million people. The data... 2018 (+0.5 percent). The total inactive population now stands at 3.25 million. The unemployment rate... registered a negative balance for each year except for 2014. Total hirings came to 177,632 versus 194,950

    3%

  5. Unemployment reaches 16.8 pct in Q4
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    2011. This was combined with a QoQ fall of around 70,100 in those employed, bringing the total... to 566,400. Out of the total, long-term unemployed constitute 72.1 percent in Q4. The latest quarter’s...: wholesale and retail trade (18.1 percent of total), agriculture, forestry and fishing (11.3

    3%

  6. Building permits increase by 50.3 pct in December and 12.6 pct in 2019
    Photo by MacroPolis

    EconomyMacroeconomy

    . The total number of permits came to 1,799, staying above the 1,000-permit mark for ten consecutive... permits. During 2019, building permits rose by 12.6 percent. Total permits in the aggregate period stood.... The total for 2019 is roughly 82 percent lower than the 2005 peak. Much of the current building activity

    3%

  7. Efforts to boost health system continue amid questions about govt strategy
    By Natasha Pantazopoulou/Fosphotos

    PoliticsGreek Politics

    . Greece announced 71 new confirmed cases of coronavirus on Monday, bringing the total to 695. The Health Ministry’s modelling suggests that the total number of infections in the country ranges... are intubated in intensive care units. A total of 17 deaths have been attributed to coronavirus so far

    3%

  8. Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
    Photo by MacroPolis

    EconomyBanking

    funding makes up the total current sum. QoQ, the bank reduced its ECB funding by 600 million euros... CET1 ratio as of Q4 2019 was 14.8 percent and total capital ratio at 16.8 percent proforma for the bank’s Tier II bond issued in February 2020. Including the 500 million Tier II bond, total capital

    3%

  9. NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
    Image via www.nbg.gr

    EconomyBanking

    . As a result, NBG’s loan to debt ratio came to 67 percent in Q4 from 68 percent in Q3. The total... fully eliminated Emergency Liquidity Assistance. The total amount currently consists of TLTRO funding... ratio stands at 16.2 percent, with the total capital ratio at 17.1 percent . Both ratios

    3%

  10. Newsletter 246 -03/04/2020

    Newsletters

    security contributions for up to 2.4 million workers in total for 45 days. He added that the addition... another 1.4 billion. This means that the total cost of these measures for March and April will reach 5.1... pledged comes to a total of 6.8 billion euros, or around 3.5 percent of Greece’s annual GDP. Despite

    3%