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  1. Finance Ministry details impact of pension interventions, sees 2021 social budget surplus at 3.17 bln
    Photo by MacroPolis

    EconomyProgramme

    are estimated to yield savings of 3.71 billion euros by 2021, of which more than two thirds (2.49... in the personal difference in main pensions as of 2019 (with estimated savings of 2.49 billion euros... to the implementation of the new pension reform as of that year, the surplus of SSFs and hospitals is estimated

    4%

  2. The first cut is the deepest? Greek pension reforms in context

    EconomyFeatures

    . It is estimated that this adjustment will result in an average pension reduction of 14 percent for around... to an estimated 20.6 billion euros in 2017. Funding by the state Public pension funds have run a deficit since... election in September 2015 – estimated at just over a quarter of voters - while almost four in ten

    4%

  3. Short-term rentals raise rents by average of 8.3 pct, study indicates
    Photo by MacroPolis

    EconomyFeatures

    to 104.6 million, and 2016 when the loss was estimated at 160.6 million. Supposing that the revenue... Thornton estimated that the theoretical lost jobs connected to short-term rental stood at 12,520... estimated that the waste produced by an average short-term rental is 20.3 percent higher than

    4%

  4. Calls for measures to lessen impact of Thomas Cook collapse in Greece
    Athens Airport

    EconomyFeatures

    disruption. Theoharis estimated that roughly 22,000 tourists were expected to return home... largest companies and the world’s oldest travel companies impacted an estimated 500,000 holidaymakers... Confederation (SETE) estimated that the economic losses for the Greek tourism industry as a result

    4%

  5. Study calls for sweeping reform of Greek healthcare system

    Society

    at, though the study estimated that it could be as high as 20 percent of the household budget, a level... 5.2 days, the lowest in the EU. Up to a third of emergency room cases are estimated... as a proportion of the population, it also has the lowest number of nurses. It is estimated that the system

    4%

  6. Greek hotel industry reports COVID-19 related losses of half a billion to date
    Photo by MacroPolis

    EconomyFeatures

    hotels estimated that their turnover would drop by 51 percent in 2020 based on room rates. For conference rooms, 87.6 percent of hotels estimated a reduction of 66 percent in turnover. Additionally, 83 percent of seasonal hotels estimated that turnover from rooms would be lower by 36 percent this year

    4%

  7. Gloomy preliminary results for Aegean as state support talk gathers pace

    EconomyFeatures

    and February, respectively. Pre-tax loss is estimated at 80 million euros compared to pre-tax loss of €48.7... ineffectiveness. Taking this into account, estimated pre-tax losses worsen to 110 million in Q1... capital credit lines in Q2 with Greek banks, totalling 120 million. It is estimated that due

    4%

  8. Greek C/A deficit to July narrowed to just 156 mln with boost from tourism

    EconomyMacroeconomy

    a C/A balance close to zero in 2013 and 2014. Note that the latest BoG estimates released..., which is broadly in line with troika July estimates at 2.8 percent and 1.7 percent respectively.

    4%

  9. Greece's current account in surplus for the fourth consecutive month

    EconomyMacroeconomy

    years. Latest BoG estimates (released in the end of May) called for a C/A deficit of 3 percent of GDP in 2013 and around 2 percent in 2014, while the IMF’s more updated estimates stand at 1.0 and 0.5

    4%

  10. Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    Greek non-seasonally-adjusted GDP contracted 3 percent in the third quarter of 2013, confirming flash estimates released on November 14, according to provisional data published by the Hellenic... year: The official sector estimates a rebound by 0.6 percent, also shared by local banks and Fitch

    4%