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  1. Primary cash deficit at 5.35 bln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    that during the first five months of the current year, the PIB balance has worsened by 1.90 billion euros

    2%

  2. Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’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

    2%

  3. Industrial turnover drops by 35.4 pct in April, hitting series low
    Image via www.viohalco.com

    EconomyMacroeconomy

    at -15.4 points. Year-on-year, industry confidence has fallen by 15.2 points. It is currently

    2%

  4. Travel balance falls by 97.8 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’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

    2%

  5. Tourism sector struggles as it prepares for full reopening in July
    Photo by MacroPolis

    PoliticsGreek Politics

    Democracy has hinted heavily that it intends to broaden the scope the parliamentary enquiry

    2%

  6. Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
    Photo by MacroPolis

    EconomyMacroeconomy

    The 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

    2%

  7. Retail turnover drops by 24.7 pct in April, volume also down by 24.8 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    to -6.2 in June. Compared to June 2019, consumer confidence has recovered by 14 points. After dropping

    2%

  8. New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The month-on-month rise in Greece's new tax debt came to 545 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown. New tax debt totalled 2.21 billion, lower than the figure for the same period last year by 16 percent. In February, the increase in new tax

    2%

  9. Overdue social security contributions rise to 36.32 bln in Q1

    EconomyMacroeconomy

    million from 456.9 million in Q4 2019. Overall, KEAO has collected revenues of 6.06 billion since

    2%

  10. OECD forecasts unemployment increase into 2021
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    The OECD has released its employment outlook for 2020 in the context of the coronavirus crisis, highlighting the impact that the pandemic will have on the global job market. It showed that under the single hit scenario, Greece’s employment growth is set to fall by 3.5 percent this year and by 1

    2%