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  1. Latest air traffic data emphasises tourism's difficulties as 2019 data reveals bumper year

    EconomyFeatures

    That latest air traffic data has highlighted what a terrible year the Greek tourism sector is going... year. Research by the institute of the Association of Greek Tourism Enterprises (INSETE) has... stays amounted to 232.5 million, a rise of 2.4 percent year-on-year (YoY) while travel receipts

    6%

  2. Current account deficit improves in June, rises to 9.54 bln in first half of year
    Photo via https://flic.kr/p/ptm7qc

    EconomyMacroeconomy

    billion euros in June, from 3.16 billion euros in the same month last year. Total imports came to 7.53 billion euros in June, from 7.02 billion last year. At the same time, total exports came to 4.92... balance at a deficit of 459.8 million euros, from a deficit of 618.4 million euros last year. The balance

    6%

  3. October C/A deficit drops to 351 mln, down 39.1 pct over year

    EconomyMacroeconomy

    from 577 million last year, according to the Bank of Greece (BoG). The 39.1 percent year on year (yoy..., the year-to-date C/A balance remains positive with a surplus of 2.20 billion from deficit of 3.38 billion in the corresponding period last year. The 5.59-billion-euro improvement yoy partially reflects

    6%

  4. Tax arrears jump to 1.47 bln in Sept as total for year reaches 8.39 bln

    Economy

    . Following the marked deterioration in September, new tax arrears reached 8.39 billion in the year-to-date. Note though that this year’s 9-month figure stands 13.3 percent below the respective item... figure of 445 million. The September figure indicates the highest reading since the beginning of the year

    6%

  5. BoG highlights strong year for property in 2019 but warns of Covid-19 impact in 2020

    EconomyFeatures

    on the property market in Greece while outlining the positive year enjoyed by the sector in 2019. In the 2019 governor's annual report, BoG analysts said that 2019 was a strong year for the Greek real estate... that the nominal value of apartments in Greece came to 7.5 percent year-on-year (YoY) from a revised

    6%

  6. EC doubles 2023 growth forecast to 2.4 pct, affirms 2.5 pct of GDP primary surplus next year
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    The European Commission upped its outlook on Greece for this year in its latest forecast published... year, this year’s performance will be supported by both domestic and external demand. Private consumption is expected to cool down this year due to lower real disposable income and negative saving

    6%

  7. With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    of the troika since discussions between the two sides on next year’s fiscal gap and other matters have... flat yoy at 183.1 billion in 2014 from 182.9 billion in 2013. It is noteworthy that the Ministry... estate property tax, which will replace the current property levy from next year, are estimated

    6%

  8. Alpha Bank reports H1 profits of 267.4 mln on one-off item
    Photo by MacroPolis

    EconomyBanking

    Alpha Bank reported first half (H1) net profit of 267.4 million euros from 3.41 billion last year... better than the consensus. The financial performance this year showed net loss was trimmed to 57.4... but fell 2.1 percent year on year (YoY) in H1, mainly due to a drop in personnel cost by 8.8 percent

    6%

  9. Greek deflation eases slightly to 1.2 pct in November
    Photo by MacroPolis

    EconomyMacroeconomy

    slipping by 1.2 percent year on year (YoY) and 0.7 percent month on month. Out of the 12 main groups... and communication, remained almost flat YoY. In contrast, the sharpest drop in prices was posted... the 1-percent mark throughout the year. This means that the headline figure for the whole year

    6%

  10. Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct

    Economy

    and showed the primary surplus halved to 443 million euros in January from 835 million last year.... Similarly, the budget balance posted a surplus of 367 million, down 40.7 percent from last year’s... expenditure to remain almost flat (-0.1 percent) in 2015. Interest payments, which are historically low

    6%