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Current account shows deficit of 1.42 bln in June, driven by slashed tourism revenues
EconomyMacroeconomyGreece’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
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Receipt losses near 5 bln in first six months as June tourism figures disappoint
EconomyMacroeconomyGreece’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
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Retail turnover drops by 6.9 pct in June, volume drops by 7.3 pct
EconomyMacroeconomy. Compared to August 2019, consumer confidence has dropped by 26.8 points. Retail trade fell by 2 points
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Data shows export market shake-up amid pandemic
EconomyFeaturesyear-on-year (YoY) to 11.10 billion euros. Data from the Hellenic Statistical Authority (ELSTAT) has
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Eurobank net results show profit of 176 mln in H1
EconomyBankingof 2018, NPE stock has fallen by 10.5 billion euros to stand at 6.2 billion in H1 2020. The NPE ratio
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GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
EconomyMacroeconomyof 6 percent was expected in 2021, lower than the forecast of 7.9 percent in spring. The OECD has
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H1 results for Greek corporates show signs of pandemic biting
EconomyCorporatesto a profit of 5.7 million in H1 2019. Fourlis Group has reported that their net results for the first
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Industrial production drops by 0.2 percent in July
EconomyMacroeconomyhas fallen by 16.1 points. In addition, Markit’s PMI for August increased to 49.4 points from 48.6
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Athens encouraged by Med7, Macron support in Turkey dispute
PoliticsForeign PolicyThe Greek government is satisfied with the outcome of the Med7 summit in Corsica, chaired by French President Emmanuel Macron, who has taken a leading role in efforts to rally opposition to Turkey’s actions in the East Med. Macron reiterated his support for Greece and Cyprus, calling for a “strong
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Turnover in services shows year-on-year deteriorations in Q2
EconomyMacroeconomyimproved by 5.4 points month-on-month to -28.8 points. Year-on-year, the service confidence indicator has
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