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  1. Tourism accounts for 27.3 pct of Greek GDP in total, study shows

    EconomyFeatures

    , with the report estimating that the total employment at the height of the tourism season (Q3 2017) came to around 630,000 people or 16.9 percent of total overall employment. Factoring in the industry’s

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  2. Newsletter 410 - 02/02/2024

    Newsletters

    it was in the range of 10 pct of GDP and represented more than 40 pct of total investment in the same period... of GDP in 2017. Meanwhile, housing dropped to just 5.2 pct of total investment in the same year... Airbnb, leading to a total shortage of properties by 212,000. With such a market imbalance it begs

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  3. Newsletter 438 - 25/10/2024

    Newsletters

    details of overseas voters from the Interior Ministry and use them for campaign mailshots. The party... landed at just 1.5 pct in 2027 and 1.3 pct in 2028. Every observer of the Greek economy has highlighted

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  4. General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing

    EconomyMacroeconomy

    in the 10-month period, with the state budget figure at 2.03 billion, making up more than half of total. Last... funds' arrears rose by 141 million MoM to 2.47 billion making up half of total arrears. Hospitals’ arrears followed suit accounting for 18 percent of total. In absolute figures, they hiked to 904

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  5. Building permits drop by 10.2 pct in Jan
    Photo by MacroPolis

    EconomyMacroeconomy

    . The total number of permits came to 853, falling below the 1,000-permit mark for the first time in 10... crisis hit and the construction downturn began. At 15,325 permits, the total for 2018 has surpassed the total for 2017 by 1,478 permits. However, the total for the year is roughly 84 percent lower than

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  6. Sharp drop in Jan unemployed leads to lowest rate since Dec 2008
    Photo via https://flic.kr/p/vtC3Ur

    EconomyMacroeconomy

    -on-year, the number of employed people increased by 61,559 people, with total employment comfortably... more departures than hires in December. Total hirings came to 219,773 versus 233,991 departures... as the total balance was positive by 70,349 more hires. Total hires came to 3.31 million and departures were

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  7. Negative hiring balance in Jan, but figures improve YoY
    Image: NBG

    EconomyMacroeconomy

    for the last four months, with the last positive balance in September last year. Total hirings in January... of the total, with the remaining classed as layoffs and termination of contracts. Layoffs dropped by 2,780... compared to 2023 by 46,300 jobs as the total balance was positive by 70,349 more hires. Total hires

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  8. Greek primary cash surplus up to 3.1 bln in September but state arrears also rise

    EconomyMacroeconomy

    billion) making up more than half of total, followed by extrabudgetary funds (1.15 billion). The state... million euros MoM to 2.33 billion making up almost half of total arrears. The next highest..., accounting for 19 percent of the total. Tax refunds fell MoM for the first time since February to 713

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  9. Alpha Bank and Eurobank start new year with further bad loan sales

    EconomyBanking

    unsecured NPLs (Mercury project) with a total outstanding balance of 2.1 billion euros and a total... pile. The merger also meant that Eurobank is now the best capitalised bank in Greece, with total... with their ambitious plans for reducing bad loans. It also raises the bar for the country’s three remaining

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  10. Newsletter 425 - 31/05/2024

    Newsletters

    , with populists Course for Freedom, religious conservatives Niki and leftists MeRA25 clearing the entry bar... captured by the data, as 40 pct of the total savings comes from 1 pct of the Greek households. Annual... YoY by over 150,000 setting total employment at 4.32 million. Although the number of unemployed

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