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  1. BoG highlights how Covid-19 compounds legacy issues and structural challenges
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    Economy

    was already slowing down from the first quarter of the year when GDP dropped by 0.9 pct on an annual basis... the economy declining by 5.8 pct this year, before recovering by 5.6 pct in 2021 and the 3.7 pct in 2022... deficit is seen by the BoG at 2.9 pct of GDP this year. All forecasts are subject to a range of risks

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  2. More flights land at airports, but tourism expectations remain grounded
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    PoliticsGreek Politics

    will boost the scant receipts gained so far this year by the industry. The curtain went up at the regional airports as New Democracy approaches one year in power. An opinion poll published... this year is to secure 4 billion euros in travel receipts, compared to 18 billion in 2019. Until

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  3. Employment balance positive by 37,568 in June, reflecting uptick in seasonal hires
    Photo by MacroPolis

    EconomyMacroeconomy

    the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were... (-52,065), reflecting the end of the school year, social care activities without accommodation (-585) and telecommunications (-400). In the first six months of the year, the employment balance showed

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  4. Trade deficit falls by 47.7 pct in May
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit fell by 47.7 percent year-on-year (YoY) in May compared to a drop of 30.3... of 32.7 percent compared to the same month last year. A breakdown of the figures by geography showed... figure for the first five months of the year showed that the trade deficit fell by 21.4 percent

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  5. Car sales drop by 24.7 pct in June and 33.1 pct in first 6 months
    Photo by MacroPolis

    EconomyMacroeconomy

    showed on Thursday. In June 2019, the year-on-year change showed a rise of 4.9 percent. Car sales for the month came to 16,170 compared to 21,464 in June last year. Out of the total, passenger car... prefecture. The aggregate figure for the first six months of the year showed that sales decreased by 33.1

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  6. Trade deficit falls by 10.3 pct in June
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    Greece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7... percent compared to the same month last year. A breakdown of the figures by geography showed... for the first six months of the year showed that the trade deficit fell by 20.3 percent, bringing

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  7. Govt scrambles to prevent Covid-19 spreading further as holidaymakers return to cities
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    and are putting at risk the public relations gains it made earlier this year, when it was deemed... New Democracy made earlier this year of hiring extra staff and boosting the resources...), of the 4,000 hires made in the sector earlier this year, just 300 are medical personnel. The union claims

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  8. Trouble from Turkey prompts plans for extra defence spending after years of cuts
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    ,” the spending increase would start this year. The next day, on Tuesday, an unnamed government official told... on to suggest that Athens would look to settle the bill over 10 years, paying 300 million euros each year... to data from Eurostat, Greece spent 7.24 billion euros on defence in 2008, the year before the debt

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  9. Trade deficit falls by 17.1 pct in July
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit fell by 17.1 percent year-on-year (YoY) in July compared to a drop of 10.3... of 10.1 percent compared to the same month last year. A breakdown of the figures by geography showed... for the first seven months of the year showed that the trade deficit fell by 19.5 percent, bringing

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  10. Car sales drop by 23.6 pct in August and 29.4 pct in first 8 months
    Photo by Andreas Simopoulos/Fosphotos

    EconomyMacroeconomy

    on Wednesday. In August 2019, the year-on-year change showed a rise of 20.2 percent. Car sales for the month came to 13,257 compared to 17,350 in July last year. Out of the total, passenger car sales fell.... The aggregate figure for the first eight months of the year showed that sales decreased by 29.4 percent

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