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  1. Most Greeks saw income fall over last year, limiting purchasing power
    Photo by MacroPolis

    Society

    a room to rent and only 18 percent will go to a hotel.

    35%
  2. Newsletter 255 -26/06/2020

    Newsletters

    . However, several things have to fall in place for the government to have the fiscal space necessary.... The hotel workers’ association on Rhodes, for instance, estimates that up to 40,000 workers in hotel and catering on the island are unemployed, while just 15 percent of hotels plan to open in July

    33%
  3. Eurosystem funding down by 2 bln in Oct for fourth straight fall

    EconomyMacroeconomy

    , the decline in October is fully attributed to a fall in ECB funding by 2.42 billion euros to 36.6... will increase their EFSF holdings. At the same time, the ELA funding of Greek banks edged up by 0.41

    32%
  4. Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure

    EconomyMacroeconomy

    billion euros. The majority of the fall (86.48 billion) originated from a lower reliance on ELA... and participation of Greek banks’ EFSF holdings in the ECB’s quantitative easing (QE) programme. Interbank

    32%
  5. Market value of HFSF's bank holdings plummets by 11 bln in 2014
    Photo by MacroPolis

    EconomyBanking

    in 2013) with cumulative collections at just 277 million, while the cumulative impairment amounts

    32%
  6. General govt primary cash surplus at 5.34 bln in nine-month, sharp fall in arrears
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of the figures showed that revenues declined by 1.20 billion to 55.99 billion euros. A 39 percent fall in transfers was the main factor behind the fall, as this category went from 4.86 billion last year... to 55.17 billion. ​This was driven by a combination of a fall in transfers (-597 million), social

    31%
  7. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    to 20.83 million. Nevertheless, that strong performance was counterbalanced by a 9 percent fall... fiscal gap of 2.5 billion - to double the hotel VAT rate to 13 percent, aligning... negative effects are only temporal. In contrast, SETE stressed that the higher cost for hotel services

    31%
  8. Newsletter 247 -10/04/2020

    Newsletters

    the camp populations in hotel accommodation. In the past week, the Greek authorities placed two migrant... to fall by an average of 60 percent. Only 18 percent of businesses expected that they would... a fall of 43.1 percent. Trade deficit up by 7.8 pct in February Figure for first two months showed

    30%
  9. Labour cost fall has not produced jobs, bemoans GSEE in study
    Photo by MacroPolis

    Society

    The significant fall in labour costs since the onset of the crisis has not led to a corresponding fall in prices and a boost in employment and competitiveness, defying conventional theories..., the report said. The INE maintains that the gains made by companies from the fall in labour costs has

    30%
  10. Fall in apartment prices continues with slower decline of 0.6 pct in Q3
    Photo by Yiannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    in Q3 following a 0.3 percent quarter-on-quarter fall in Q2 2017. Old apartments, classified as over five years old, saw their prices fall by 0.7 percent in Q3. Properties up to five years old saw price... annual fall was posted in 2012 (-11.7 percent), followed by another double-digit drop of -10.9

    30%