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  1. 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

    7%

  2. 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

    7%

  3. 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

    7%

  4. 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%

  5. 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%

  6. 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%

  7. 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%

  8. 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%

  9. 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%

  10. 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%