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Three months on from imposition of capital controls, some restrictions being relaxed
Economyto the amount of 500 euros per customer and bank. • A maximum amount of 5,000 euros per quarter may.... This amount increases to 8,000 euros if the money is directly credited to the student residence or lessor's account. • Citizens travelling abroad may hold a maximum amount in cash of 2,000 euros per
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Newsletter 263 -11/09/2020
in April and May, while in June only three auctions were completed. Fifty two auctions were... stem from continuing the auction freeze. Borrowers who mortgaged their main residence against housing...) unemployment rate came to 18.3 percent in June from an upward revised figure of 17.3 percent in May, Hellenic
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomy) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean... in the first ten days of May. A similar pattern was also evident in November, when CPI slipped 1.4 percent.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors
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In third straight month of decline, industrial turnover falls 4.9 pct in May
EconomyMacroeconomyby 4.9 percent in May from a revised -10.5 percent in April, according to the Hellenic Statistical Authority (ELSTAT). The May performance indicates the ninth negative reading in the past 17 months, while... a decline of 5.5 percent over the trailing 12 months. Manufacturing turnover fell 5.6 percent in May
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Greece sees tourist arrivals rise 12.6 pct in May but spending fall 10.6 pct
EconomyThe rate of increase in Greece's travel receipts significantly decelerated to 0.8 percent in May... to receipts of 1.07 billion euros. Travel payments, meanwhile, fell 11 percent in May to 173 million. As a result, the travel surplus improved by a modest 3.4 percent in May, rising to 898 million
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Greek trade deficit plunges by 24.2 pct in May
EconomyMacroeconomyAfter rising in the preceding two months, Greece’s trade deficit plunged 24.2 percent in May... billion in May, which is the second lowest reading so far in 2015. The sharp drop in May trade... in May, which indicates the second highest reading year to date. The drop in imports also follows
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Industrial production down by 4 pct in May after three successive rises
EconomyMacroeconomypercent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT). The May headline figure indicates the second negative reading so far... a drop in May with the biggest in mining and quarrying production (-15 percent) followed by electricity
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomyGreece's travel receipts continued heading north at a double-digit rate in May, when they rose by 17 percent in May from 16.3 percent in April, according to the Bank of Greece (BoG). The absolute figures showed travel receipts stood at 1.22 billion euros this May from 1.04 billion last year, while
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Rare rebound for retail trade with 2.5 pct rise in May
EconomyMacroeconomyThe turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT). The May headline figure indicates... months, since January 2014. Retail volume also rebounded by 4.2 percent in May, after declining
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CPI falls at decelerating pace of 0.9 pct in May
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) fell at a slower pace of 0.9 percent in May from a drop of 1.3 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The May headline... trend, easing by 0.2 percent in May after a 0.4 percent decrease in April. ELSTAT figures also showed
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