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  1. Unemployment edges up to 16.7 pct in Q2 as tourism jobs dry up
    Photo by MacroPolis

    EconomyMacroeconomy

    (ELSTAT) figures showed on Thursday. The jobless rate has remained broadly unchanged compared to the Q2... unemployed constitute 66.2 percent. The latest quarter’s figure for long-term unemployed has remained

    2%

  2. Travel balance falls by 85.1 pct in July
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance came to 516.4 million euros in July from 3.47 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 85.1 percent year-on-year (YoY... that as of July 2020, conduct of the border survey has fully resumed.

    2%

  3. Latest air traffic data emphasises tourism's difficulties as 2019 data reveals bumper year

    EconomyFeatures

    That latest air traffic data has highlighted what a terrible year the Greek tourism sector is going through, just as newly released 2019 figures highlighted an increase in arrivals and receipts last year. Research by the institute of the Association of Greek Tourism Enterprises (INSETE) has

    2%

  4. Conclusion of Golden Dawn trial unlikely to usher in greater political unity
    Photo by MacroPolis

    PoliticsGreek Politics

    but has been referenced recently by left-leaning media seeking to counter the allegations of collusion... from 16 far-right groups as Golden Dawn has faded from prominence. They are mostly concentrated

    2%

  5. Latest market foray for 15-yr bond attracts strong investor interest with record low yield

    EconomyBanking

    Wednesday’s transaction, Greece has now issued 12 billion euros of bonds in 2020, which has covered

    2%

  6. Travel balance falls by 65.9 pct in August as 10.5 bln in receipts vanish in aggregate
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance came to 1.32 billion euros in August from 3.87 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 65.9 percent year-on-year (YoY...-crossing point. BoG said that as of July 2020, conduct of the border survey has fully resumed.

    2%

  7. All eyes on Piraeus as share price tumbles amid coupon payment concerns
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    dividends. However, Piraeus Bank has already missed one payment and failing to do so again... on the ability or not of Piraeus Bank to pay the CoCos coupon. The bank has set aside 165 million

    2%

  8. Travel balance falls by 70.9 pct in September as 12.6 bln in receipts vanish in aggregate
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance came to 776.5 million euros in September from 2.67 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 70.9 percent year-on-year (YoY... that as of July 2020, conduct of the border survey has fully resumed.

    2%

  9. Podcast - Covid-19 takes another bite out of the Greek economy

    Agora

    Over the last few weeks, Greece has not just seen more worrying data on the Covid-19 front, but the forecasts for its economy have also been worsening. Nick Malkoutzis and Phoebe Fronista discuss.... They hear from a tour operator and hotel owner, who explains why 2020 has been a disaster. MacroPolis co

    2%

  10. GDP grows by 2.3 pct QoQ in Q3 and drops by 11.7 pct YoY as services exports crash
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    anticipated. For next year, growth has been trimmed significantly, now coming short of 5 pct, at 4.8 percent..., followed by growth of 5.5 percent in 2021 and 4.5 percent in 2022. The OECD has predicted that GDP

    2%