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  1. Greece braces for potential impact of coronavirus on key economic sectors
    Photo by MacroPolis

    PoliticsGreek Politics

    referenced his French counterpart, who estimated the drop in French tourism at 30-40 pct... cancelled, a some of which were destined for the port of Piraeus. Shipping makes up 7 percent of Greek

    6%

  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... of the primary and secondary income accounts is mainly attributable to a drop in net receipts from

    6%

  3. Mitsotakis urges EU to act after European Council stalemate
    Photo by MacroPolis

    PoliticsGreek Politics

    during Thursday’s teleconference. The Eurogroup has now been given the task of coming up..., particularly preventing job losses and supporting business that suffer a drop in turnover. He referenced

    6%

  4. ND to unveil more economic support as coronavirus restrictions are extended
    Photo by MacroPolis

    PoliticsGreek Politics

    The government is gearing up for the announcement of a new set of measures to help struggling businesses as the lockdown looks set to stretch well into April. It was confirmed over the weekend... that in current prices GDP will drop to 172.5 billion, from 187.5 in 2019. The GAO also estimates

    6%

  5. Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
    Photo by MacroPolis

    EconomyBanking

    in 2019 stood at 982 million, a drop of 6 percent YoY. This trend improved the group’s recurring cost... funding makes up the total current sum. QoQ, the bank reduced its ECB funding by 600 million euros

    6%

  6. Building permits increase by 55.7 pct in January
    Photo by MacroPolis

    EconomyMacroeconomy

    ) and the Ionian islands (+100 percent). A drop of 15.4 percent was noted in western Macedonia. It should... Commission showed that the construction confidence indicator edged up by 0.8 points to -30.5 points

    6%

  7. Gloomy preliminary results for Aegean as state support talk gathers pace

    EconomyFeatures

    Greece’s national airline, Aegean Airlines, has sounded the alarm over its first quarter (Q1) results which showed a sharp drop in revenues in the third month of the quarter, dragging the entire... is also included in plans by the Greek authorities to set up a fund that will co-finance companies

    6%

  8. PMI rises to 41.1 points in May but manufacturer pessimism persists
    Image via www.mytilineos.gr

    EconomyMacroeconomy

    in resuming operations and a drop in client demand were the factors cited. Demand was mediocre as firms.... Production is expected to pick up later in the year, though domestic demand will remain subdued.

    6%

  9. Lockdown reduced spread of Covid-19 by 80 pct, research indicates
    Photo by MacroPolis

    Society

    Greece’s early and aggressive tackling of the coronavirus pandemic in the country led to a drop in transmissions by 81 percent, a new research paper has shown. The research team includes... by 55 percent and up by 20 percent for residencies. At the end of May, residential visits were higher

    6%

  10. BoG highlights how Covid-19 compounds legacy issues and structural challenges
    Photo by MacroPolis

    Economy

    . There is a milder scenario of a 4.4 pct drop in 2020, while in the adverse, which essentially assumes... In the run up to the pandemic, banks saw a series of positive developments with NPEs continuing

    6%