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  1. Worst ever negative employment balance recorded in March as virus measures hit
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    The employment balance turned sharply negative in March with 41,903 more firings than hirings, data..., there were 85,276 more people fired than hired. Ergani noted that the balance for March 2020... years, where there were 15,008 more people fired than hired. This was followed by those aged 45-64

    5%

  2. Newsletter 249 -08/05/2020

    Newsletters

    that ended up covering 80 percent of the private sector through 800,000 enterprises, more than 1.7... into positive territory in April with 7,205 more hirings than firings, data from the Labour Ministry’s... people fired than hired. Ergani noted that there were 233,626 fewer hirings in April 2020 compared

    5%

  3. Outdoor gatherings with hint of protest raise concerns over relaxation of lockdown
    Photo by MacroPolis

    PoliticsGreek Politics

    than “letting off steam” after the lockdown and to discourage any attempt at exploiting them... to a hastening, rather than a slowing down of lockdown relaxation. During a regular briefing... earlier than the scheduled date of June 1, in order give an outlet to the crowds congregating in public

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  4. Economic relief eyed as Greece launches fourth round of lockdown easing
    Photo by MacroPolis

    PoliticsGreek Politics

    that mean there can only be one customer for every 2 square metres and no more than six people in total... applications since May 20, taking the total for both rounds to more than 7 billion euros so far. Also, reports suggest that more than half a million people could be in flexible working arrangements from

    5%

  5. Covid-19 takes toll on budget as primary deficit widens to 4.80 bln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    was 1.37 billion euros lower than the monthly target. MoF noted that this decrease was mainly due... than the target of 18.74 billion euros. The MoF said that this was due to the impact of measures taken... at 17.85 billion euros, lower than the target by 2.45 billion or 12.1 percent. The full revenue

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  6. Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros lower than the monthly target. MoF noted that this decrease was mainly due to the adoption... to 16.03 billion euros in the aggregate period, as mentioned, which is significantly lower than... billion euros, lower than the target by 2.50 billion or 12.3 percent. On an aggregate basis, tax

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  7. Controversy over media campaign rumbles on as further details emerge

    PoliticsGreek Politics

    a table of the 1,232 outlets that had received funds, along with the corresponding amounts. Rather than... readership received larger sums than independent or opposition-friendly media with a bigger audience reach. The analysis claimed that less than 1 percent of the 20 million euros spent across print

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

    EconomyFeatures

    are lower than the OECD average, which sees an average drop in GDP of 7.5 percent under the single hit... scenario, the EU average shows a decline in GDP of 11.5 percent, deeper than Greece, but recovery of 3.5 percent in 2021 which is stronger than Greece’s projection. Regarding jobs at risk due to the crisis

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  9. Budget primary shows deficit of 5.86 bln in June, target shortfall widens to 6.18 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    basis, net revenues came to 3.20 billion euros which was 955 million euros lower than the monthly... in the aggregate period, as mentioned, 3.67 billion euros lower than the target of 22.90 billion... of the coronavirus pandemic. State budget total revenues stood at 21.37 billion euros, lower than

    5%

  10. Newsletter 260 -31/07/2020

    Newsletters

    rather than design. In response to increased activity from the Turkish fleet in Aksaz and Izmir... for the award is much less than the 3.9 billion euros estimated originally. The government has made the savings... to those on more than 800 euros a month. The opposition, however, seized upon the government’s

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