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  1. Greek tourism: Hopeful yet uncertain for 2016
    Photo by MacroPolis

    EconomyFeatures

    After a bumper tourism year in Greece last year, where an estimated 25 million visitors beat... roughly 9 percent of GDP. An estimated 23.6 million non-domestic arrivals were recorded in 2015... for the expected boom in Russian tourists to become reality, an estimated 7,000 visas per day will need

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  2. Finance Ministry details impact of pension interventions, sees 2021 social budget surplus at 3.17 bln
    Photo by MacroPolis

    EconomyProgramme

    are estimated to yield savings of 3.71 billion euros by 2021, of which more than two thirds (2.49... in the personal difference in main pensions as of 2019 (with estimated savings of 2.49 billion euros... to the implementation of the new pension reform as of that year, the surplus of SSFs and hospitals is estimated

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  3. The first cut is the deepest? Greek pension reforms in context

    EconomyFeatures

    . It is estimated that this adjustment will result in an average pension reduction of 14 percent for around... to an estimated 20.6 billion euros in 2017. Funding by the state Public pension funds have run a deficit since... election in September 2015 – estimated at just over a quarter of voters - while almost four in ten

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

    EconomyFeatures

    to 104.6 million, and 2016 when the loss was estimated at 160.6 million. Supposing that the revenue... Thornton estimated that the theoretical lost jobs connected to short-term rental stood at 12,520... estimated that the waste produced by an average short-term rental is 20.3 percent higher than

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  5. Greek hotel industry reports COVID-19 related losses of half a billion to date
    Photo by MacroPolis

    EconomyFeatures

    hotels estimated that their turnover would drop by 51 percent in 2020 based on room rates. For conference rooms, 87.6 percent of hotels estimated a reduction of 66 percent in turnover. Additionally, 83 percent of seasonal hotels estimated that turnover from rooms would be lower by 36 percent this year

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  6. Gloomy preliminary results for Aegean as state support talk gathers pace

    EconomyFeatures

    and February, respectively. Pre-tax loss is estimated at 80 million euros compared to pre-tax loss of €48.7... ineffectiveness. Taking this into account, estimated pre-tax losses worsen to 110 million in Q1... capital credit lines in Q2 with Greek banks, totalling 120 million. It is estimated that due

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  7. Greek C/A deficit to July narrowed to just 156 mln with boost from tourism

    EconomyMacroeconomy

    a C/A balance close to zero in 2013 and 2014. Note that the latest BoG estimates released..., which is broadly in line with troika July estimates at 2.8 percent and 1.7 percent respectively.

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  8. Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    Greek non-seasonally-adjusted GDP contracted 3 percent in the third quarter of 2013, confirming flash estimates released on November 14, according to provisional data published by the Hellenic... year: The official sector estimates a rebound by 0.6 percent, also shared by local banks and Fitch

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  9. Greek current account deficit rises to 709 mln in February

    EconomyMacroeconomy

    forecasts for a C/A deficit of between 1 and 2 percent of GDP. The BoG's latest estimates point... respectively. In its updated World Economic Outlook published earlier this month, the IMF estimates

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  10. Greek primary budget surplus at 707 mln as revenues beat target in May

    Economy

    to the Medium-Term Fiscal Strategy adopted last month. The new estimates suggested the primary surplus would... to the new full year estimates. The final 5-month primary surplus and budget deficit indicated both figures

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