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  1. Govt lines up strike legislation to follow brief pause after budget vote
    Photo by MacroPolis

    PoliticsGreek Politics

    for the year, although there is some speculation that Prime Minister Kyriakos Mitsotakis might try... Democracy has been buoyed by the fact that its tax cuts have not put this year’s fiscal course at risk... by almost five points, to 84.86 percent, this year following the reductions made in the summer

    2%

  2. Travel surplus rises by 12.7 pct in 9M
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyMacroeconomy

    (9M) of the year, Bank of Greece (BoG) noted in its travel balance report. This year’s figure is 12.7 percent higher than that for the same period last year when it came to 12.51 billion euros...-area visitors rose by 9.3 percent year-on-year to 6.88 billion euros, while those from non-euro

    2%

  3. Current account posts deficit of 1.39 bln in November
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    . In the same period last year, the deficit was 1.44 billion euros, down by 54 million year-on-year (YoY... a slight surplus of 87.4 million, down by over 42 percent compared to the same period last year... billion euros, from 2.98 billion last year, dropping by more than 11 percent YoY. At the same time

    2%

  4. EC ups growth to 2.2 pct in 2019, sees growth in 2020 at 2.4 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    from 1.8 percent in the autumn forecasts three months ago. This year’s growth was also marginally... growth stands at 2.2 percent. Net exports are the main contributor for last year’s performance..., with the rise of those employed at 2 percent year-on-year, pushing the rate of unemployment down to 16.6

    2%

  5. IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    a double-digit toll on economic activity. The forecast on contraction for this year is at -10 pct. The economy is expected to rebound partially next year, with economic output seen growing by 5.1 pct. Specifically, for the last quarter of this year the IMF sees Greek GDP dropping by 11.4 pct. Greece

    2%

  6. Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    last year, the deficit was 1.40 billion euros, meaning that the deficit has improved by 264.3 million euros year-on-year (YoY). According to the BoG, April’s performance is primarily attributable..., declining by 26.4 percent year-on-year (YoY). The services balance dropped sharply by 40.9 million

    2%

  7. Newsletter 256 -03/07/2020

    Newsletters

    that the government's goal this year is to secure 4 billion euros in travel receipts, compared to 18 billion in 2019. Until fairly recently, the purported target for this year was 10 billion euros in receipts from... closed. This translates into activity at roughly 10 percent of last year’s Greece has opened its

    2%

  8. Current account shows deficit of 913.9 mln in May as travel receipts evaporate
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    last year, there a surplus of 269.7 million euros, meaning that the balance has worsened by 1.18 billion euros year-on-year (YoY). According to the BoG, May’s performance is primarily attributable... for the balance of goods came to 1.21 billion euros, declining by 47.7 percent year-on-year (YoY

    2%

  9. Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    period last year, the balance showed a surplus of 805.3 million euros, meaning that the deficit has worsened by 2.22 billion euros year-on-year (YoY). According to the BoG, June’s performance stems from.... The deficit for the balance of goods came to 1.34 billion euros, declining by 15.1 percent year

    2%

  10. Alpha Bank posts net profits of 98 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    ) of the year came to 87 million euros, unchanged from the figure in the same period last year. Core pre-provision income (PPI) fell by 5.4 percent quarter-on-quarter (QoQ) to 217.3 million. Year-on-year (YoY), core PPI rose by 7.9 percent in H1 from 446.9 million euros a year ago. Management said

    2%