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  1. PM prepares for low key policy speech as poll suggests support for govt still high

    PoliticsGreek Politics

    likely being shifted to next year, the emphasis on Saturday is likely to be on the temporary... submitted a multi-bill to Parliament that paves the way for the spending in this year’s budget to be increased by 6 billion euros. The fiscal impact of all the measures announced this year is seen

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  2. Building permits rise by 17 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits rose by 17 percent year-on-year (YoY) in June compared to a fall of 8.7 percent... the first six months of the year, building permits rose by 16.6 percent. Total permits in the aggregate... last year, construction confidence has increased by 11.4 points.

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  3. Overdue social security contributions rise to 37 bln in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    to KEAO. KEAO noted that within the second quarter of the year, 5,078 debtors from the IKA/ETAM... in 2019, a rise of 7.1 percent year-on-year and meeting the target set by KEAO which was 1.38... of the year.

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  4. Unemployment edges up to 16.7 pct in Q2 as tourism jobs dry up
    Photo by MacroPolis

    EconomyMacroeconomy

    ) of the year, rising from a rate of 16.2 percent noted in Q1, Hellenic Statistical Authority... and storage (+9,500). The three sectors displaying the biggest year-on-year (YoY) declines in hires were... than 1 year) fell by 16,500 in Q2 compared to Q1 and came to 508.800. Out of the total, long-term

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  5. Industrial turnover drops by 16.2 pct in July as manufacturing slows
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    Greece’s industrial turnover fell by 16.2 percent year-on-year (YoY) in July compared to a drop of 3.8 percent in June, Hellenic Statistical Authority (ELSTAT) data published on Friday showed... to stand at -15.5 points. Year-on-year, industry confidence has fallen by 16.1 points.

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  6. Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct

    EconomyFeatures

    The tourism industry helped Greece generate almost up to a third of its GDP last year, according to a new study, but the low number of arrivals this year could shave off a tenth of national output this year. An analysis by the Greek Tourism Confederation (INSETE), which looked at the contribution

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  7. Apartment prices rise by 4.1 pct in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    The rise in the nominal value of apartments in Greece came to 4.1 percent year-on-year (YoY) in the second quarter (Q2) of 2020 from a revised increase of 6.6 percent in Q1 2020, Bank of Greece (BoG... billion, after negative flows of 94 million in June. Building activity rose by 17 percent year-on-year

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  8. IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    , with the economy dropping by 7.9 pct in the first half of the year and unemployment rising... this year and urges the authorities to avoid a sharp fiscal consolidation in 2021. This suggests... year - until EU funds are released in the second half of 2021. It also urges the authorities

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  9. Building permits drops by 3.3 pct in Aug, up by 13.7 pct in 8-month period
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits fell by 3.3 percent year-on-year (YoY) in August compared to a rise of 12 percent... permits. During the first eight months of the year, building permits rose by 13.7 percent. Total... points. Compared to the same month last year, construction confidence has increased by 3.8 points.

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  10. New tax debt at 3.90 bln to September, up by 695 mln month-on-month
    Photo by MacroPolis

    EconomyMacroeconomy

    , lower than the figure for the same period last year by 26 percent. New unpaid obligations from tax... of the year, the collectability rate came to 85.1 percent with 5.51 billion collected out of 6.47 billion due... in the first nine months of the year, another 433 million in taxes went unpaid, according to the latest

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