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  1. Majority of Greeks report financial hardship due to Covid-19
    Photo by MacroPolis

    Society

    A 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

    2%

  2. 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%

  3. 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%

  4. 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%

  5. 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%

  6. 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%

  7. Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
    Bank of Greece

    EconomyBanking

    amounts to 21 percent of the principal amount and the transaction has a neutral capital impact, NBG

    2%

  8. 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%

  9. 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%

  10. Primary cash balance deficit at 6.71 bln in June
    Photo by MacroPolis

    EconomyMacroeconomy

    months of the current year, the PIB balance has worsened by 1.92 billion euros. The budget primary

    2%