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  1. Greek hotel industry reports COVID-19 related losses of half a billion to date
    Photo by MacroPolis

    EconomyFeatures

    -March. It found that cancellation losses for the total industry due to the coronavirus had so far come... will directly threaten 38,234 jobs, which represents 20.5 percent of total hotel employment unless

    2%

  2. Current account shows deficit of 1.29 bln in January
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    payments rose to 206.5 million, up by 23.4 percent. Total exports in January came to 2.72 billion euros, from 2.40 billion last year, increasing by 13.1 percent YoY. At the same time, total imports

    2%

  3. Amid Eurogroup stalemate, Athens focusses on extra liquidity available after ECB move
    Photo by MacroPolis

    Economy

    their exposure to repos by March, taking advantage of the ECB’s TLTRO III announcement. Total interbank... million. Total GGB holdings were in excess of 10 billion euros, which the ECB now accepts for its

    2%

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

    EconomyMacroeconomy

    epidemic. Total hirings came to 103,002 versus 144,905 departures. Around 53.2 percent of all departures... to 47.5 percent of the total, compared to 41 percent for part-time work and 11.5 percent for shift work

    2%

  5. PM offers vision of stronger post-pandemic Greece, as ND reaps approval in polls

    PoliticsGreek Politics

    Ministry spokesman Sotiris Tsiodras reported 31 new confirmed cases, bringing the total to 2,145, and one new fatality, increasing the total to 99. Mitsotakis sought to further bolster trust in his

    2%

  6. Banks look for way forward as economic shutdown takes its toll
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    securitisations under the code name Cairo, with a total value of 7.5 billion euros. The applications relate to the provision of guarantee by the Greek state on senior notes to the value of 1.6 billion in total

    2%

  7. Primary cash balance deficit at 326 mln in March
    Photo by MacroPolis

    EconomyMacroeconomy

    euros to 10.64 billion euros against last year’s total of 10.53 billion. Expenditure for March rose... three months showed a rise of 1.19 billion euros, bringing the total to 13.86 billion euros. The Public

    2%

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

    EconomyMacroeconomy

    from Russia declined by 42.5 percent to 4,900. In total, arrivals from the EU 27 countries rose.... In total, arrivals showed an increase of 21.8 percent in the first two months of the year and came

    2%

  9. S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
    Photo by MacroPolis

    Economy

    pct of total, or 40 pct of GDP. Debt servicing costs come to just 1.5 pct, which is the lowest from... 157 pct in 2019. S&P estimates the total liquidity reserve at roughly 20 pct of GDP, a factor

    2%

  10. Coronavirus to delay much of privatisation plan
    Photo by MacroPolis

    EconomyFeatures

    projects, while 376 million would be generated from previously completed tenders. Out of the total 2.4... the privatisation’s timeline off track. Athens International Airport saw its total air traffic fall

    2%