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  1. 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%

  2. 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%

  3. Episode 10 - Get with the (first) programme

    Agora

    the spirt of our long-running blog section, The Agora, which has been a forum for discussing all kinds

    2%

  4. Construction slides again in May with fall of 8.7 pct YoY in building permits
    Photo by MacroPolis

    EconomyMacroeconomy

    in June. Compared to the same month last year, construction confidence has improved by 16.4 points.

    2%

  5. Primary cash deficit at 8.10 bln in July

    EconomyMacroeconomy

    that during the first seven months of the current year, the PIB balance has worsened by 2.59 billion euros

    2%

  6. New data highlights pandemic impact on enterprises as turnover falls sharply

    EconomyFeatures

    The Hellenic Statistical Authority (ELSTAT) has released a set of data showing the impact of the coronavirus pandemic on businesses in Greece. ELSTAT said that the data had been collected to show which enterprises suffered most in terms of turnover decrease during the implementation period

    2%

  7. Industrial turnover drops by 3.8 pct in June, slowing from previous months
    Photo by MacroPolis

    EconomyMacroeconomy

    rose by 4.8 points month-on-month to stand at -13.3 points. Year-on-year, industry confidence has

    2%

  8. Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a deficit of 1.42 billion euros in June compared to a deficit of 913.9 million euros in May, Bank of Greece (BoG) data showed on Thursday. In the same period last year, the balance showed a surplus of 805.3 million euros, meaning that the deficit has

    2%

  9. Receipt losses near 5 bln in first six months as June tourism figures disappoint
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY). Receipts came to 64.3 million euros for the month, falling by 97.5 percent YoY. Travel payments also

    2%

  10. Retail turnover drops by 6.9 pct in June, volume drops by 7.3 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Compared to August 2019, consumer confidence has dropped by 26.8 points. Retail trade fell by 2 points

    2%