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  1. Exposure to tourism sector a concern for banks despite effort to save season
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    in the first half of 2019 stood at around 8 billion euros and catering came to around 1 billion euros... to the plan, year-round hotels and campsites will open on June 1, followed by summer season hotels

    10%

  2. Newsletter 252 -29/05/2020

    Newsletters

    such as Thessaloniki, will resume on July 1. Year-round hotels and campsites are due to open on June 1, followed

    10%

  3. Govt pushes tourism message, digests EU stimulus proposal
    Photo by MacroPolis

    PoliticsGreek Politics

    such as Thessaloniki, will resume on July 1. Year-round hotels and campsites are due to open on June 1

    10%

  4. Eurobank net profits at 56.8 mln in Q1
    Image via www.eurobank.gr

    EconomyBanking

    in Q4. Capital The phased-in Common Equity Tier 1 (CET1) ratio came to 15.4 percent in Q1, while the fully-loaded Basel III CET 1 ratio reached 13.7 percent at the end of the quarter. Pro-forma

    10%

  5. GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY

    EconomyMacroeconomy

    compared to YoY growth of 1 percent in Q4 2019. This marks the first YoY contraction recorded since Q2 2016... as rising by 1 percent. Final consumption represents the majority of GDP, making up around 90 percent

    10%

  6. Newsletter 253 -05/06/2020

    Newsletters

    23,000 individuals remain in self-isolation after entering the country in recent weeks, with around 1... to Q1 in 2019, GDP shrank by 0.9 percent compared to YoY growth of 1 percent in Q4 2019. This marks

    10%

  7. Reshuffle back on the cards as PM unveils plans for Greek industry
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    after July 1, once the economy has fully reopened after the lockdown and “at a time of the PM’s... to be announced between July 1 and the Thessaloniki Expo in early September, with more precise speculation

    10%

  8. Unemployment drops to 16.2 pct in Q1, excluding furloughed workers
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in Q1, staying below the 1 million mark for an eighth consecutive quarter. The figure for those... unemployed (over 1 year) fell by 41,100 in Q1 compared to Q4 and came to 525,300. Out of the total, long

    10%

  9. Overall loan interest rate drops to 4.23 pct in May

    EconomyMacroeconomy

    by 1 bps month-on-month to 3.72 percentage points. The average interest rate on consumer loans without... percent. The average interest rate on overnight deposits placed by households edged up by 1 bps

    10%

  10. OECD forecasts unemployment increase into 2021
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    the single hit scenario, Greece’s employment growth is set to fall by 3.5 percent this year and by 1... that unemployment is set to rise under three scenarios presented. Scenario 1 anticipates a GDP

    10%