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  1. OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022
    Photo by MacroPolis

    Economy

    The OECD has released its latest economic outlook showing that Greece is unlikely to escape a significant economic downturn due to the second wave of the virus. In line with the Ministry of FInance’s latest budget, the OECD also sees a contraction go 10 percent in GDP this year. Recovery in 2021

    4%

  2. Athens angling for tougher EU stance on Turkey ahead of summit

    PoliticsForeign Policy

    Council on December 10. They also expect Ankara to announce a specific date for these talks, which

    4%

  3. General govt primary cash deficit of 9.07 bln in October, arrears drop by 250 mln

    EconomyMacroeconomy

    arrears rose by 10 million MoM. Since the start of the year, total arrears have risen by 489 million

    4%

  4. PM on defensive over Covid-19 stance as debate rages over testing
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    and 10 euros for rapid tests. However on Monday it was forced to revise its pricing upwards to 60

    4%

  5. Industrial production drops by 3.7 percent in Oct
    Image via www.viohalco.com

    EconomyMacroeconomy

    the first 10 months of 2020, the IPI fell by 3.7 percent compared to the same period in 2019

    4%

  6. EU Council boosts recovery fund hopes, falls short on Turkey

    PoliticsGreek Politics

    economy is set to contract by more than 10 pct this year, these funds are vital to the government’s

    4%

  7. Slight easing of Covid-19 data as focus turns to retail, budget
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    in Kathimerini citing Finance Ministry data suggested that eight in 10 companies and one in three

    4%

  8. Survey illustrates extent of pandemic impact on firms amid recovery hopes

    EconomyFeatures

    levels, with only 10 percent expecting to reduce numbers. Seven out of ten companies said

    4%

  9. Current account deficit increases to 767.4 mln in Oct as service surplus shrinks
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    , the C/A deficit worsened by 8.61 billion euros to a deficit of 9.38 billion in the 10 months

    4%

  10. Banks end year with continued bad loan sales

    EconomyBanking

    the current level of 10 billion euros. NBG will be able to absorb the losses from securitisation through

    4%