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  1. Travel balance more than double in Feb as arrivals increase by 24.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an increase of 120.3 percent year-on-year (YoY... of the year, travel receipts rose by 22.9 percent to 527 million euros. Payments also recorded a rise of 12.3

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  2. Alpha Bank posts net loss of 10.9 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    to net profits of 5.4 million euros in Q4 2019. In the same quarter last year, the bank recorded... (QoQ) to 229.6 million. Year-on-year (YoY), core PPI rose by 8.9 percent from 210.8 million euros a year ago. The bank noted that the PPI results were mainly driven by a significant decline in operating

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  3. EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
    Photo by Angelos Christofilopoulos/Fosphotos

    PoliticsGreek Politics

    . Of the five countries that send most tourist to Greece each year, only Germany is on the list. Despite... euros, would not only allow New Democracy to make up for the decline in economic activity this year...-year term in 2023 is being speeded up so that there could be a 2-point cut by the end of this year

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  4. Building permits increase by 10.2 pct in March

    EconomyMacroeconomy

    Building permits rose by 10.2 percent year-on-year (YoY) in March compared to a rise of 64.3... to a year. The corresponding surface area rose by 42 percent while volume rose by 55.8 percent... percent). No year-on-year change was seen in the Peloponnese. It should be noted that the varying

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  5. PM wants no strings attached to EU funds as ND juggles with public finances
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    on this year’s budget as the fiscal restrictions have been removed by the EU authorities. It is not certain the same will apply next year. According to Kathimerini, the Finance Ministry now estimates... estimated initially for this year to 900 million. Another billion will come from the third phase

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  6. Industrial production down by 4.9 pct YoY in May but picks up from previous month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June, compared to a slightly downward revised drop of 7.8 percent year-on-year (YoY) in May, Hellenic... points in June, to stand at -13.3 points. Year-on-year, industry confidence has fallen by 15 points

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  7. Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
    Photo by MacroPolis

    EconomyMacroeconomy

    released on Friday by the Labour Ministry’s Ergani information system. In the same month last year... to the pandemic, this year has not followed the traditional hiring pattern of seasonal jobs during spring... to this year’s July recording the best balance since the records in ERGANI began in 2001. Total hirings in July

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  8. Decline in car sales continues with 14 pct YoY fall during July
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time dropped by 14 percent year-on-year... Statistical Authority (ELSTAT) data showed on Tuesday. In July 2019, there was a 25.3 percent year-on-year rise. Car sales for the month came to 19,054 compared to 22,163 in July last year. Out

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  9. Banks remain largely profitable in Q2, with focus on NPL reductions
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    Greece’s four systemic banks completed the second quarter of the year with relatively stable... to 125 million compared to losses of 340 million in Q1 this year (including the Covid-19 impairment... year. Eurobank recorded net results of an adjusted profit of 176 million euros in H1 compared to net

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  10. Microsoft deal welcomed as Greece vies for more foreign investments
    Photo via https://flic.kr/p/2dqKrWG

    EconomyFeatures

    , several other international companies have expressed interest in investing in Greece. Earlier in the year... formation fell by 10.3 percent compared to the same quarter last year, contracting for a second quarter... investment destination has improved in the last year, although lower than the previous survey (47

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