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  1. 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

    7%

  2. 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.

    7%

  3. 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

    7%

  4. 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

    7%

  5. Industrial production drops by 0.2 percent in July
    Photo by MacroPolis

    EconomyMacroeconomy

    drop in the electricity supply index, followed by the mining and quarrying index (-4.4 percent... a pick-up in business confidence to a six-month high, Markit noted. At the same time, the rate

    7%

  6. Loans under credit servicing firms edges down by 0.4 pct QoQ to 30.90 bln in Q2
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyBanking

    billion, edging up by 0.2 percent QoQ. Loans to non-financial corporations (NFCs) stood at 8.91... proprietors and unincorporated partnerships came to 5.53 billion, representing a drop of 3.2 percent

    7%

  7. BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
    Photo via http://www.delphiforum.gr/

    Economy

    for the first six months of 2020 is better than the 9 pct drop observed in the rest of the eurozone... revenues are suffering from due to the crisis. These fiscal dynamics will push Greek debt up above

    7%

  8. Current account shows surplus of 79.7 mln in August
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    offset by a 3.1 billion drop in the balance of goods deficit as well as the improvement in the primary.... In the first eight months of 2020, a surplus of 1.42 billion was registered, up by 1.16 billion YoY

    7%

  9. Govt scurries for effective Covid-19 response as opposition finds more holes to pick
    Photo by MacroPolis

    PoliticsGreek Politics

    capacity for emergency treatment in Athens and Thessaloniki is rapidly being taken up, although Petsas... businesses in the industry are on the verge of bankruptcy after seeing revenues drop by around 70 percent

    7%

  10. PM pledges handouts amid discontent and gripes over coronavirus strategy

    PoliticsGreek Politics

    up for the reduced timetable. Having already closed secondary schools, the government has the option... SYRIZA has seen a slight drop to 22.7 pct since October. The main winner of these small fluctuations has

    7%