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  1. ECB survey shows enduring preference for cash payments in Greece
    Photo by Pavlos Svoronos/Fosphotos

    EconomyFeatures

    surveyed at 75 percent. The survey found that in 2016, euro area consumers made 1.6 payments per day on average, equalling nearly 11 payments per week. Of these, the average in the euro area was 1.2 payments in cash and 0.3 by card. Greek consumers carried out around 1.6 transactions per day in cash

    12%

  2. Lenders set ambitious e-auction targets for Athens
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    online auctions per month, reaching 2,000 auctions per month in the last quarter of 2018. Between 2019 and 2021, auctions should further rise to 40,000 auctions per year. An encouraging early sign

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  3. Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost
    Photo by MacroPolis

    EconomyMacroeconomy

    expenditure per trip also rose by 10.7 percent, or 56 euros per trip. Receipts from residents... euros in average expenditure per trip. In the five-month period, revenues from EU28 rose by 35

    12%

  4. Newsletter 172 -27/07/2018

    Newsletters

    of 2.45 million visitors for the month. The average expenditure per trip also rose by 10.7 percent, or 56 euros per trip. Receipts from residents in the EU28 increased in May by close to 54 percent... in the period was up by 5.4 percent, or 24 euros in average expenditure per trip. In the five-month

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  5. Travel balance increases by 16 pct in June and 19.5 pct in first half of year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The average expenditure per trip dipped by 4.7 percent to come to 553.4 euros per trip compared... expenditure per trip edged up by 0.6 percent to 498 euros compared to 495 euros for the same period

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  6. IMF raises growth forecast for 2019, lowers sharply medium-term expectations
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    where countries’ per capita GDP declined more than 20 percent, peak to trough. The sample includes... peak in 2007, Greece’s per capita GDP was 30,055 US dollars but by 2013, it had dropped by 26 percent... in the sample, nearly half of them (45 percent) had per capita GDP that was still below the pre-decline

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  7. Greek tourism building strength but needs to diversify, PWC study finds
    Photo by MacroPolis

    EconomyFeatures

    shortening. Total revenues per tourist arrivals have been dropping by 3 percent each year, implying... by 12 percentage points in 2012. Five star hotels show a disproportionately higher investment per bed.... The average asking price per bed is 2.3 times higher than the sample average input value. According

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  8. Newsletter 191 -25/01/2018

    Newsletters

    an increase of around 8 percent in the minimum wage, taking it from the current 586 euros per month to just... expenditure per trip also rose by 35.8 percent to 401.5 euros. In the aggregate period, travel receipts rose... expenditure per trip edged down by 0.5 percent to 523.70 euros in the aggregate period versus 526.20

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  9. Newsletter 192 -01/02/2019

    Newsletters

    on Monday that the minimum wage will increase by 11 percent to 650 euros per month, while the sub... time in a decade to 650 euros per month, from 586 euros currently, effective from February 1... euros previously. This will translate into an increase of 40 euros per month, from 36 currently

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  10. Short-term rentals raise rents by average of 8.3 pct, study indicates
    Photo by MacroPolis

    EconomyFeatures

    of the tourism revenue generated in the country and is growing at an average rate of 25 percent per year... locations around Greece. The price of short-term rentals per square metre of a property was found to outpace... versus 40 long-term. The price per square metre of the short-term property rental was 86 percent higher

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