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Summer season looks under threat as revenues fail to materialise
EconomyMacroeconomyJuly 1 in the hope this move would attract tourism to the country for the high season in the summer... in July, 196 cases related to travel were recorded out of 326 in total. This was more than 60 percent of the total. The equivalent percentage in the last 10 days of June was just 24.5 percent
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingpercent, while NPE coverage increased to 44.4 percent. Total coverage stands at 101.3 percent. NPL... 32.7 percent a year ago. The NPL coverage ratio stood at 64 percent, while total coverage including... Ratio (LCR) stood at 112.5 percent at the end of H1. At the end of June, the Common Equity Tier 1
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Unemployment rate at 16.1 pct in Sept
EconomyMacroeconomydecreased by 36,738 (-0.9 percent). Total employment stood at 3.88 million people. ELSTAT noted... when compared with September 2019 (+1.6 percent). The total inactive population now stands at 3.26 million. The unemployment rate among women fell by 1 percentage point (pps) year-on-year and came
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Covid recession bumped pension spending to 18 pct of GDP in 2020
EconomyTotal age-related expenditure amounted to 26.4 percent of gross domestic product last year... in total factor productivity – a residual in growth accounting that usually attributed..., and stay above 1 percent until 2070. That would require a highly successful transformation
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Govt on alert for possible fallout from tapering of pandemic relief measures
PoliticsGreek Politicsobligations. The repayment period will reportedly stretch up to 72 months. In total, more than 40 billion... and business deposits by 10 billion, a total of 22.5 billion. This is a 14 pct rise since January 2020... added to the total in 2020 and another 2.3 billion euros in the first quarter of this year
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Newsletter 354 - 07/10/2022
-right parties are polling between 7 and 10 pct of the total vote and if more than one... the government build a buffer of around 1 billion euros that could be spent on energy subsidies should..., where indirect taxes of 31.47 billion euros are expected in 2022, out of a total of 54.61 billion euros
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Q3 unemployment of 11.6 pct is lowest rate since Q1 2010
EconomyMacroeconomy-term unemployed (more than 1 year) came to 349,500 people, representing 62.9 percent of the total... the Q3 2021 figure of 13 percent. A total of 555,567 were registered as unemployed in Q3... (19.1 percent). Part-time employment was 7.2 percent of total, while the share of persons
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Q2 unemployment rate drops to 11.2 pct, employed increased by 3.4 pct QoQ
EconomyMacroeconomy. A total of 533,341 were registered as unemployed in Q2, decreasing by 3.1 percent from... percent. The number of long-term unemployed (more than 1 year) came to 319,400 people, representing 59.9 percent of the total unemployed. Alarmingly, the largest portion, 140,600, has not worked for more
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Labour market comes to rest, unemployment at 10.5 pct in Q4
EconomyMacroeconomy. A total of 488,667 were registered as unemployed in Q4, decreasing by 5 percent from the previous... was in the Southern Aegean at 4.2 percent. The number of long-term unemployed (more than 1 year) came to 248,200 people, representing 50.8 percent of the total unemployed. Alarmingly, the largest portion
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Q1 unemployment rises to 12.1 pct due to seasonal causes
EconomyMacroeconomy. A total of 574,130 were registered as unemployed in Q1, increasing by 17.5 percent from... rate was in the Northern Aegean at 7.7 percent. The number of long-term unemployed (more than 1 year) came to 298,700 people, representing 52 percent of the total unemployed. Alarmingly, the largest
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