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  1. Survey finds only 60 pct of hotels operated in the year so far
    Photo by George Vitsaras/Fosphotos

    EconomyFeatures

    The Hellenic Chamber of Hotels (HCH) has released a new survey of its members which shows the troubled state of Greece’s hotel sector in the midst of the coronavirus pandemic. It found that only 60 percent of hotels operated during the year to date. Regarding hotels that operate year-round, only 59

    2%

  2. Primary cash balance deficit at 7.12 bln in Sept
    Photo by MacroPolis

    EconomyMacroeconomy

    that during the first nine months of the current year, the PIB balance has worsened by 1.77 billion

    2%

  3. Revised GDP data shows 1.9 pct growth in 2019, taking 2017-2019 upward streak to nearly 5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    and the first half of the year is already shy of 8 pct. Although in the draft budget the Finance Ministry has

    2%

  4. Industrial turnover drops by 15.1 pct in August as manufacturing slows
    Photo by MacroPolis

    EconomyMacroeconomy

    confidence has fallen by 19.1 points.

    2%

  5. Current account shows surplus of 79.7 mln in August
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a surplus of 79.7 million euros in August compared to a deficit of 874.5 million euros in July, Bank of Greece (BoG) data showed on Wednesday. In the same period last year, the balance showed a surplus of 1.80 billion euros, meaning that the surplus has

    2%

  6. Passing of insolvency law gives opposition campaigning foothold
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    October has been the deadliest month so far with 190 fatalities recorded as of Monday. Over

    2%

  7. Poor prospects for new version of Greek-Turkish 'earthquake diplomacy'

    PoliticsForeign Policy

    that the deadly quake has created a new line of communication between the two governments. “Whatever our

    2%

  8. Growing concerns over second lockdown in food service sector, a key employer
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyFeatures

    Greece’s catering sector is bracing for the impact of new measures to contain the virus and sounding the alarm that the industry cannot survive a second lockdown. The catering industry has been in decline across the year due to reduced demand. A wave of new containment measures were announced

    2%

  9. EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in

    EconomyMacroeconomy

    . The Commission notes that Greece has been severely impacted by the pandemic due to its reliance

    2%

  10. Employment balance negative by 33,356 in October as seasonality affects education and tourism hires
    Photo by MacroPolis

    EconomyMacroeconomy

    The employment balance was negative with 33,356 more firings than hirings in October, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were 86,731 more people hired than fired. Ergani noted that the balance for October has typically been

    2%