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  1. Primary cash balance deficit at 6.71 bln in June
    Photo by MacroPolis

    EconomyMacroeconomy

    months of the current year, the PIB balance has worsened by 1.92 billion euros. The budget primary

    2%

  2. The EU decision excluding nuclear and fossil fuels from the Just Transition Fund

    Legal

    of the argument the decision has been warmly welcomed by environmental groups that have been pushing

    2%

  3. Industrial turnover drops by 30.4 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    by 2.7 points month-on-month to stand at -18.1 points. Year-on-year, industry confidence has fallen

    2%

  4. Current account shows deficit of 913.9 mln in May as travel receipts evaporate
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared to a deficit of 1.13 billion in April, Bank of Greece (BoG) data showed on Monday. In the same month last year, there a surplus of 269.7 million euros, meaning that the balance has worsened by 1.18

    2%

  5. Travel balance falls by 99.3 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 99.3 percent year-on-year (YoY). Receipts came to 13.1 million euros for the month, falling by 99.2 percent YoY. Travel payments also decreased

    2%

  6. Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
    Photo by MacroPolis

    Economy

    is confirmation of the new reality for Greece, which has thrown it completely off course that was set

    2%

  7. Retail turnover drops by 5.3 pct in May, volume drop​s by 5.8 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to -34.7 in July. Compared to July 2019, consumer confidence has dropped by 14.5 points. Retail trade fell

    2%

  8. New tax debt up by 222 mln MoM in April, total for year at 2.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The month-on-month rise in Greece's new tax debt came to 222 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown. New tax debt totalled 2.44 billion, lower than the figure for the same period last year by 16.1 percent. In March, the increase in new tax

    2%

  9. Banks step up securitisation drive following pandemic interruption

    EconomyBanking

    . Piraeus also has in progress a larger securitisation called Vega, which is for a value of 5 billion

    2%

  10. Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
    Photo by MacroPolis

    EconomyMacroeconomy

    to the pandemic, this year has not followed the traditional hiring pattern of seasonal jobs during spring

    2%