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  1. Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
    Photo by MacroPolis

    EconomyBanking

    ratio of 23 pct, from 45 pct in the end of last year. The bank says it has now completed 80 pct of its

    2%
  2. Building permits jump by 62.9 pct in May, from year-earlier lockdown
    Photo by MacroPolis

    EconomyMacroeconomy

    the turn of the year, construction has recovered sharply, from -25.5 points.

    2%
  3. Data for total revenues in Q2 reflects recovery from end of lockdown
    Photo by MacroPolis

    EconomyMacroeconomy

    The latest turnover data released by the Hellenic Statistical Authority (ELSTAT) reflects signs of recovery in the Greek economy as in the second quarter of the year total revenue reached 78.38 billion euros, up by 29.4 pct year-on-year (YoY). ELSTAT has been monitoring the impact of the pandemic

    2%
  4. Industrial turnover rises by 22.4 pct in June

    EconomyMacroeconomy

    the start of the year, industry confidence has improved by 17.4 points.

    2%
  5. Travel balance increases by wide margin in June from last year's tourism collapse
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance came to a surplus of 689.4 million euros in June from 38.5 million a year ago, when the pandemic caused a collapse in tourism, Bank of Greece (BoG) data has shown. The balance remained below its June 2019 level, when it came to a surplus of 2.36 billion euros Receipts came

    2%
  6. Strong response to dual bond transaction takes 2021 debt issuance to 14 bln

    Economy

    over the August 2050 German benchmark. Following this re-opening, Greece has drawn 14 billion euros

    2%
  7. General govt balance deteriorates due to deficits of state and social security funds
    Photo by MacroPolis

    EconomyMacroeconomy

    to 24.06 billion euros, from 21.73 billion euros. Expenditure has also jumped sharply to 50.58 billion

    2%
  8. CPI up by 1.9 pct in Aug for highest reading in almost a decade

    EconomyMacroeconomy

    seen in July 2015. The latest figure of 1.9 percent has not been recorded since April 2012

    2%
  9. Growth in building activity decelerates to 17.6 pct in June after post-lockdown boom
    Photo by MacroPolis

    EconomyMacroeconomy

    , construction confidence has dipped by 0.1 points.

    2%
  10. Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
    Photo via https://flic.kr/p/vtC3Ur

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate dropped to 14.2 percent in July from 15 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. This is the lowest the figure has been since November 2010. In the same month last year, the unemployment rate was 16.8

    2%