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Growing concerns over second lockdown in food service sector, a key employer
EconomyFeaturesin decline across the year due to reduced demand. A wave of new containment measures were announced... of bankruptcy after seeing revenues drop by around 70 percent this year. The industry is the largest employer
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Concern over ICU capacity, support for business generate pressure for ND
PoliticsGreek Politicson Wednesday that the Finance Ministry is revising its estimates for recession this year and is lowering..., for instance, now sees 2020 at -9 pct, from -7.5 pct in September and does not expect next year’s
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Hoping to deflect criticism, ND bolsters stimulus package ahead of new lockdown
PoliticsGreek Politics, through careful borrowing this year, to bolster the reserves available. Nevertheless... at the end of the year could wipe out some firms and businesses in sectors such as retail, manufacturing
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CPI falls by 1.8 pct YoY in October as air travel and energy drop
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 1.8 percent year-on-year (YoY) in October compared to a decline of 2 percent seen in September, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. The average CPI for the rolling 12 months fell by 0.8 percent. Month-on-month, the CPI
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PM pledges handouts amid discontent and gripes over coronavirus strategy
PoliticsGreek Politicsthis year, government officials feel that the scope for handouts is minimal. Mitsotakis did not put... financial website that the total available for the end of year gift is likely to be less than 100
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It's the hope that kills you
Agorain comparison to the 21.8 million that had visited during the same period last year, it is close..., these estimates are out of the window as the recession is seen in double digits and next year’s recovery at a more
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Central government debt increases by 1.99 bln to 364.86 bln in Q3
EconomyMacroeconomyfor the first nine months of the year showed that fixed bonds made up 49.8 percent of all... made up 76.3 percent of the total, while short-term (up to 1 year) and medium-term (1 to 5 years
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Alarming Covid-19 numbers fuel opposition's criticism of ND's approach
PoliticsGreek Politicsto regain some of the revenues it has lost this year during Christmas, but also because there is a feeling... last year by New Democracy officials suggesting that the private sector needs to play a greater
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Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
EconomyProgrammeof the fifth review at the start of the year, before the pandemic struck. The European Commission... in the baseline scenario, this year’s developments and the impact of the pandemic on the growth and fiscal
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Deposits rise by 2.53 bln in October
EconomyMacroeconomyof 46.11 billion. In October last year, net deposit movement was positive by 643 million euros. A breakdown... for the same period last year showed inflows of 5.39 million. The latest aggregate balance is attributed
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