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Drop in industrial production accelerated in November with 6.1 pct decline
EconomyMacroeconomyThe drop in the Industrial Production Index (IPI) accelerated in November to 6.1 percent following... percent), July and August recording the highest drop (7.6 – 7.8 percent), while the other monthly readings showed a mid-single digit drop. IPI has only had only four positive year on year (yoy) readings
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Building activity suffers larger drop of 30.9 pct in November
EconomyMacroeconomypercent, while surface and volume recorded a slower drop, -16.4 and -10.3 percent respectively. According to the regional breakdown, the highest drop in November was posted in West Macedonia (down 51.2... to 16,400 in 2013 from 65,500 in 2008, almost three times the GDP drop in this period. Unlike other
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Drop in Greek CPI decelerates again to 2.1 pct in March
EconomyMacroeconomyThe drop in the Greek consumer price index (CPI) decelerated for the second straight month to 2.1... to the rate posted in February, when it had recorded a sharp drop from the January figure of 2.8...). It is noteworthy that none of the twelve main groups and services showed any MoM drop in prices in March
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports... of a double digit rise in receipts (+16.3 percent) and drop in the corresponding payments (-12.3 percent.... From the other key C/A components, the sharp drop in the primary income surplus is attributed
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Greek current account surplus up to 1.6 bln in September after fourth straight rise
EconomyMacroeconomy, reaching 1.62 billion euros, up 67.3 percent year on year (YoY), according to the Bank of Greece... surplus reached 2.1 billion euros, up 12.3 percent YoY. The BoG is due to release more detailed figures...) and – to a lesser extent – from lower income deficit (by 430 million) mitigated by a drop
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Travel balance up by 81.4 pct in November, foreign arrivals increase
EconomyMacroeconomyin receipts is driven by a rise in foreign arrivals, which went up by 3.3 percent during the period... percent, while visitors from France rose by 13.1 percent. A drop of 17.8 percent was noted for arrivals... up by 11 percent, while a 0.7 percent fall in visitors from Russia was noted. Overall, arrivals
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Travel balance surplus up by 29 pct in Q1 to reach 165 mln
EconomyMacroeconomypercent in travel payments. Foreign visitors were up by 7 percent year-on-year, which was the main... and generated 161.3 million euros in revenue, up by 15.3 percent. Trips for leisure generated 375.8..., while a decline of 5.3 percent was noted in visitors by road. EU28 visitors edged up by 0.2 percent
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General govt primary cash surplus at 4.35 bln in Aug, arrears up by 270 mln
EconomyMacroeconomymonths of the year, up by 713 million euros compared to the same period last year, according... (+124 million). A drop of 183 million euros was noted in the purchase of goods and services. Arrears... refunds make up the majority of arrears during the month, followed by SSFs (21.1 percent). Debt Central
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Government readies up to 2 bln in assistance for shuttered firms and employees
Economyby the shuttering of some businesses and the drop in turnover in various sectors of the economy. Staikouras said that the government estimates that up to 700,000 workers will be affected now. The interventions... on banks to come up with assistance plans for business and retail customers as soon as possible
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Amid virus gloom, govt lines up support for catering and targets swift upturn
PoliticsGreek PoliticsA ramping up of Covid-19 vaccines and self-tests will help Greece emerge quickly from the grips... to 755, while another 561 more people were admitted to the hospital. There has been no let-up... minister revealed that the government is willing to provide up to 330 million euros to the struggling
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