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  1. 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.

    3%

  2. OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022
    Photo by MacroPolis

    Economy

    The OECD has released its latest economic outlook showing that Greece is unlikely to escape a significant economic downturn due to the second wave of the virus. In line with the Ministry of FInance’s.... Domestic demand also remained weak, which hit job creation. The government has rolled out a wide

    3%

  3. EIB investment survey points to diminished investment appetite
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    The European Investment Bank has released its annual investment survey, showing that for the first time since the survey started five years ago, investment sentiment has largely turned negative across the European Union. Regarding the landscape in Greece, the pandemic’s effects have led to a muted

    3%

  4. 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

    3%

  5. Building permits increase 29 pct in September
    Photo by MacroPolis

    EconomyMacroeconomy

    implemented in Greece to contain the coronavirus pandemic, building activity has been resuming in recent... confidence has strengthened by 20.7 points.

    3%

  6. Greece maintaining investors' interest, EY survey finds

    EconomyFeatures

    A survey by Ernst & Young (EY), following up from their Attractiveness Survey Europe 2020 earlier in the year, has found that investment interest in Greece for the post-pandemic period remains steady... of executives who expect a net reduction in their investment has been reduced to 42 percent from 66 percent

    3%

  7. ND under fire over fast-track legislation, pandemic contracts as SYRIZA sleaze claims surface
    Photo by MacroPolis

    PoliticsGreek Politics

    , and the government’s apparent reluctance to publish it, has become a focus of political controversy in recent days... in the work of the financial regulator. Folli Follie has been under investigation since evidence of fraud

    3%

  8. Greece extends territorial waters in Ionian, hopes for deal with Albania
    Photo by MacroPolis

    PoliticsForeign Policy

    coexistence.” Dendias has also underlined that this threat does not only stand against Greece but also... between Athens and Tirana has already provoked serious reactions to some opposition parties

    3%

  9. CPI falls by 2.3 pct YoY in December
    Photo by MacroPolis

    EconomyMacroeconomy

    for December edged up by 0.4 percent compared to November. The CPI has remained consistently negative for the last nine months. The latest reading has surpassed the previous lowest reading of -2.2

    3%

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

    EconomyMacroeconomy

    pandemic, building activity has been resuming in recent months, although it is likely.... Compared to the same month last year, construction confidence has worsened by 19.8 points.

    3%