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  1. Record year for Greek tourism raises concerns about sustainability
    Photo by MacroPolis

    EconomyFeatures

    a drop in arrivals. Mykonos airport received 1.7 percent fewer visitors, mainly due to a 5.9 percent drop in international passengers according to figures published by operator Fraport Greece... tourism model, which privileges construction-led development with little concern for sustainability

    24%

  2. April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
    Photo by MacroPolis

    EconomyMacroeconomy

    (ELSTAT) data revealed on Friday. The headline figure is the sharpest drop in the index since... percent decrease in the mining and quarrying index, followed by a drop off 11.3 percent in manufacturing and a drop of 4.7 percent in the electricity supply index. An increase of 2.5 percent

    23%

  3. Why is Europe worrying about SYRIZA?
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    and at the Jakarta School of Public Policy, Indonesia, where he is also head of the Economics

    23%

  4. Greek train firm TRAINOSE attracts just one bid, no interest in rolling stock
    Photo via Flickr https://flic.kr/p/9SDyrr

    Economy

    in 2005 as a subsidiary of the Greek railway company (OSE), which was founded in 1970 and is wholly owned

    23%

  5. Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank announced on Monday that it entered into definitive agreement with Intrum and Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes of the Sunrise II securitisation. The portfolio consists of roughly 47,000 retail and corporate loans

    23%

  6. Fuels head 1.7 pct YoY drop in retail sales for Nov as volumes drop again
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    Greece’s retail sales resumed contraction in October with a drop of 0.6 percent year-on-year (YoY), after an increase of 1.7 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index had another decline of 1.5 percent YoY. Volumes have now

    23%

  7. Sharp drop in corporate deposits drives 5.18-bln-euro drop in Jan
    Photo via https://flic.kr/p/2b9vcaC

    EconomyMacroeconomy

    There was a significant movement in the Greek banking system’s private sector deposits during January, with a net drop of 5.18 billion euros, after a jump of 6.33 billion euros in December, according to the latest Bank of Greece (BoG) figures released on Thursday. December has a strong seasonal

    23%

  8. Drop in industrial production accelerated in November with 6.1 pct decline

    EconomyMacroeconomy

    The 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

    23%

  9. Building activity suffers larger drop of 30.9 pct in November

    EconomyMacroeconomy

    percent, 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

    23%

  10. Drop in Greek CPI decelerates again to 2.1 pct in March

    EconomyMacroeconomy

    The 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

    23%