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  1. Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
    Photo by MacroPolis

    Economy

    to lower tourist demand could lead to a negative rating action. Fitch’s latest rating activity

    3%

  2. Officials order wider use of masks as upward trend for Covid-19 cases continues
    Photo by MacroPolis

    PoliticsGreek Politics

    is much lower than many other European countries. Nevertheless, officials are concerned

    3%

  3. New tax debt up by 222 mln MoM in April, total for year at 2.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The month-on-month rise in Greece's new tax debt came to 222 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown. New tax debt totalled 2.44 billion, lower than the figure for the same period last year by 16.1 percent. In March, the increase in new tax

    3%

  4. Piraeus Bank posts pre-tax losses of 215 mln in H1
    Photo by MacroPolis

    EconomyBanking

    . Management said that this followed the bank’s decision to take advantage of lower Eurosystem funding costs

    3%

  5. Unemployment rate jumps to 17 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    lower than usual due to the pandemic. The latest available data from the Labour Ministry’s Ergani

    3%

  6. Newsletter 261 -07/08/2020

    Newsletters

    Revenues (IAPR) has shown. New tax debt totalled 2.44 billion, lower than the figure for the same

    3%

  7. PM seeks fine balance as he prepares to unveil latest set of fiscal measures
    Image via primeminister.gr

    PoliticsGreek Politics

    Prime Minister Kyriakos Mitsotakis is building up towards his economic policy speech in Thessaloniki on September 12, although the government is trying to lower expectations about what the public should expect. Mitsotakis will try to tread a fine line between announcing emergency support

    3%

  8. PMI edges up to 49.4 points in August, employment rises
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    was the joint-slowest in the current sequence of deterioration. Firms said that overall lower output

    3%

  9. GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
    Photo by Manolis Tsafos/Fosphotos

    EconomyMacroeconomy

    of 6 percent was expected in 2021, lower than the forecast of 7.9 percent in spring. The OECD has

    3%

  10. Unemployment rises to 18.3 pct in June
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    to revision when quarterly data was released. Particularly, response in urban areas had been lower than

    3%