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PMI rises to 49.4 points in June as manufacturing resumes
EconomyMacroeconomyGreece’s manufacturing PMI increased to 49.4 points in June from 41.1 points in May, according to the latest data from Markit PMI. The latest reading indicates a slowing down of the deterioration seen across the sector and a notable improvement from April’s historically low reading
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Summer season looks under threat as revenues fail to materialise
EconomyMacroeconomyGreece’s efforts to restart its vital tourism sector and capture revenues from the peak, which is usually between June and September, appear to be faltering according to the latest data. Greece began... to the latest complete data set from AIA, international passenger traffic were down by 93 percent in June
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Increase in Covid-19 cases prompts tighter measures amid opposition criticism
PoliticsGreek Politicsthe latest data suggested that cases could more than double by the end of August without some return... described the latest tightening as “too little too late”. Reform proposals The government, meanwhile
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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingThe Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020. BoG notes the progress made so far by the systemic banks... of the latest post-programme review, to finalise the new bankruptcy code that will lift existing
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Hoteliers staring at big drop in turnover as liquidity calls grow
EconomyFeaturesThe Hellenic Chamber of Hotels (HCH) has released its latest survey regarding the impact of the coronavirus pandemic on the country’s hotel industry, which shows that the hotel market has shown... of the latest survey and said that “hoteliers are opening their businesses and doing their duty
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OECD releases new outlook calling for sustained reforms post Covid-19
EconomyThe latest OECD outlook for Greece, made public on Wednesday, has shown that Greece’s economy was growing at the steady pace of close to 2 percent in the three years before the coronavirus pandemic.... In the three years before the latest crisis, Greece’s economy was on a steady path to recovery, marked
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Deposits rise by 448 mln in June
EconomyMacroeconomyby 1 billion euros. On the other hand, time deposits fell by 854 million euros. The latest deposit... figure for the same period last year showed inflows of 2.75 million. The latest aggregate balance
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Women in Greece losing out on careers, education due to care burden, OECD finds
SocietyThe latest OECD report on Greece revealed that women continue to be underrepresented in the workplace largely due to the care responsibilities placed on them. The OECD said that Greece was one.... According to the latest figures from the Labour Ministry’s Ergani information system, in June, hirings
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Retail turnover drops by 5.3 pct in May, volume drops by 5.8 pct
EconomyMacroeconomyGreece’s retail sales index decreased sharply by 5.3 percent in May following a sharp drop of 24.5 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The latest headline..., while volumes rose by 26 percent. The latest business indicators for July published
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PMI drops to 46.8 points in July amid Covid-19 uncertainty
EconomyMacroeconomyGreece’s manufacturing PMI decreased to 48.6 points in July from 49.4 points in June, according to the latest data from Markit PMI. The latest reading reverses the trend of a gradual recovery seen after April’s historic low, though the deterioration was muted. The faster overall decline largely
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