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  1. Retail market suffers drop in crisis era, shows consolidation towards larger businesses
    Photo by MacroPolis

    EconomyFeatures

    Greece’s retail market suffered a loss of over 14 billion euros across the crisis years according to data presented by the Hellenic Confederation of Entrepreneurship and Commerce (ESEE). The data showed a widening gap between small and large businesses ...

    4%

  2. Deposits drop by 2.16 bln in January

    EconomyMacroeconomy

    Net deposit movements in the Greek banking system were negative by 2.16 billion euros in January following positive flows of 3.65 billion in December, Bank of Greece (BoG) figures revealed on Thursday. The outstanding balance of private sector deposits ...

    4%

  3. Overall loan interest drop to 4.30 pct in February
    Photo by MacroPolis

    EconomyMacroeconomy

    The overall weighted average interest rate on all new loans to households and non-financial corporations fell by 6 percentage points to 4.30 percent in February from 4.36 percent in January, data from the Bank of Greece (BoG) showed on Wednesday. The sp...

    4%

  4. General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s general government (gg) primary cash deficit came to 4.84 billion euros in the first five months of the year compared to a surplus of 1.69 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In t...

    4%

  5. General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s general government (gg) primary cash deficit came to 7.46 billion euros in the first seven months of the year compared to a surplus of 1.87 billion in the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In ...

    4%

  6. CPI falls by 1.8 pct YoY in October as air travel and energy drop
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’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...

    4%

  7. Building permits drop by 4.9 in October
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits fell by 4.9 percent year-on-year (YoY) in October after a strong rise of 29 percent seen in September, Hellenic Statistical Authority (ELSTAT) data released on Monday showed. The total number of permits came to 1,780. The corresponding ...

    4%

  8. EC sees big drop for economy in 2020, expects milder recovery of 3.5 pct in 2021

    EconomyMacroeconomy

    Within the context of its Winter Forecasts, the European Commission gave on Thursday an updated outlook on the performance of EU economies, which suggest Greece suffering a deeper recession last year and slower growth for 2021. Following the reintroduct...

    4%

  9. CPI falls by 2 pct YoY in January as apparel and transport drop

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in January compared to a decline of 2.3 percent seen in December, Hellenic Statistical Authority (ELSTAT) figures showed on Monday. The average CPI for the rolling 12 months fell b...

    4%

  10. Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer

    EconomyMacroeconomy

    The complete picture of a dire year for the retail sector in Greece was captured on Tuesday when the Hellenic Statistical Authority (ELSTAT) released the full-year results for the sector. Having endured various restrictions throughout the year and sever...

    4%