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Building permits increase by 10.2 pct in March
EconomyMacroeconomyin August 2011. Compared to the same month last year, construction confidence has decreased by 19.8
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PM declares tourism season open, rules out new lockdown
PoliticsGreek Politicsof a rise in coronavirus cases in Greece, where the number of deaths linked to the illness has
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Turnover in services shows deterioration in Q1
EconomyMacroeconomyhas worsened by 47.6 points. The services indicator is at its lowest since August 2015 when
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Majority of Greeks report financial hardship due to Covid-19
SocietyA special white paper by Intrum examining the impact of the coronavirus pandemic on households has found that Greeks are coming under increasing financial pressure as a result of the lockdown. To look at the effects of the crisis on European consumers, Intrum surveyed 4,800 people across 24
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Primary cash deficit at 5.35 bln in May
EconomyMacroeconomythat during the first five months of the current year, the PIB balance has worsened by 1.90 billion euros
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Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.13 billion euros in April compared to a deficit of 1.10 billion in March, Bank of Greece (BoG) data showed on Friday. In the same period last year, the deficit was 1.40 billion euros, meaning that the deficit has improved by 264.3 million
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Industrial turnover drops by 35.4 pct in April, hitting series low
EconomyMacroeconomyat -15.4 points. Year-on-year, industry confidence has fallen by 15.2 points. It is currently
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Travel balance falls by 97.8 pct in April
EconomyMacroeconomyGreece’s travel balance fell to 4.6 million euros in April from 31.6 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 97.8 percent year-on-year (YoY). Receipts came to 7.3 million euros for the month, falling by 89.7 percent YoY. Travel payments also
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Tourism sector struggles as it prepares for full reopening in July
PoliticsGreek PoliticsDemocracy has hinted heavily that it intends to broaden the scope the parliamentary enquiry
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Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
EconomyMacroeconomyThe budget primary balance recorded a deficit of 4.84 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday. The budget for May has been widely considered
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