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  1. Newsletter 255 -26/06/2020

    Newsletters

    danger for many businesses in and linked to the hospitality industry. Greek resort areas prepare.... 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

    36%

  2. Apartment prices rise in Q2 by a strong 13.9 pct YoY despite slight slowdown
    Photo by MacroPolis

    EconomyMacroeconomy

    The growth in the nominal value of apartments in Greece remained on a stolid path in Q2 2023, increasing by 13.9 percent year-on-year (YoY) from an upwards revised 15 percent in Q1 2023, Bank... that almost reached as much as -13 percent at the end of 2012. Old apartments - those over five years

    35%

  3. Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    performance was posted by OPAP (+4.4 percent) followed by Grivalia Properties (+2.5 percent) and Lamda... Alpha and NBG completed on October 27 the sale of their hotel subsidiaries. In specific, Alpha... Hilton hotel for a consideration of 142 million. NBG also completed the sale of its 67.26 percent

    34%

  4. Newsletter 259 -24/07/2020

    Newsletters

    Union (EU 27) countries fell by 99.5 percent YoY and stood at 4.4 million euros in May. For the same... regarding the impact of the coronavirus pandemic on the country’s hotel industry, which shows that the hotel

    34%

  5. Building activity up again in May but with smaller rise of 1.9 pct

    EconomyMacroeconomy

    a decline by 4.4 percent, while volume shows a slight rebound by 0.8 percent. The regional breakdown... at 13,383 in 2014 from 65,474 registered in 2008. Apartment prices, which are indirectly linked to building... downward revision of Greek macro environment would lead to a sharper decline in apartment prices

    34%

  6. Building permits rise by 16.2 pct in June and 7.5 pct in first half of year

    EconomyMacroeconomy

    Building permits rose by 16.2 percent in June, picking up strongly from a rise of 4.4 percent noted...) figures showed that apartment prices rose by 0.8 percent year-on-year in the second quarter of the year after a drop of 0.2 percent in Q1. The latest figure marks the first increase in apartment prices

    34%

  7. Newsletter 174 -14/09/2018

    Newsletters

    up strongly from a rise of 4.4 percent noted in May, according to ELSTAT. The latest monthly headline... (BoG) figures showed that apartment prices rose by 0.8 percent year-on-year in the second quarter of the year after a drop of 0.2 percent in Q1. The latest figure marks the first increase in apartment

    34%

  8. Newsletter 263 -11/09/2020

    Newsletters

    , locals on Lesvos stormed a hotel housing riot police sent to the island to provide security... compared to May. Year-on-year, the figure for those employed decreased by 174,217 (-4.4 percent). Total..., followed by the mining and quarrying index (-4.4 percent) and the manufacturing index (-2.6 percent

    32%

  9. Building permits increase by 12.4 pct in November
    Photo by MacroPolis

    EconomyMacroeconomy

    . The corresponding surface area rose by 4.4 percent, while volume rose by 3.4 percent. On a regional... (+62.1 percent) and western Greece (+38.5 percent). The two decreases were seen in Attica (-4.4 percent... quarterly Bank of Greece (BoG) figures showed that apartment prices rose by 9.1 percent YoY during

    32%

  10. Special tax structure would benefit hotels and jobs, bank argues
    Photo by George Vitsaras/Fosphotos

    EconomyFeatures

    on the tourism industry and the job creation it entails, the bulletin notes that in 2017, the hotel... quoted in the report, the hotel industry in Greece has undergone strong growth since 2004. In 2004, 8,899 hotel units were in operation in the country, increasing by 9.9 percent to 9,783 in 2017

    32%