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  1. Budget primary surplus confirmed at 831 mln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    figure has increased by 14.6 percent. Overall, net revenues amounted to 7.56 billion euros

    2%

  2. Greece braces for recession, hopes to bounce back from summer onwards
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    , for example, the traffic at Athens International Airport has dropped by 72 pct. The cost of the crisis

    2%

  3. Retail turnover up by 10.1 pct in January
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    -on-month and came to -16.5 in March. Compared to March 2019, consumer confidence has shown

    2%

  4. OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
    Photo by MacroPolis

    Economy

    and house purchases, restaurants and cinemas that are shut, non-essential construction work that has

    2%

  5. NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
    Image via www.nbg.gr

    EconomyBanking

    outbreak, the bank noted that it is well positioned to withstand the economic shock. The bank has

    2%

  6. Big drop in March sees PMI settle at 42.5 pts as Covid-19 measures bite
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s manufacturing PMI dropped to 42.5 points in March from 56.2 points in February, according to the latest data from Markit PMI. The data indicates that the Greek manufacturing sector has been impacted significantly by the spread of the coronavirus. Markit indicated that the headline figure

    2%

  7. Google mobility report illustrates stark drop in activity due to Covid-19
    Photo by MacroPolis

    Society

    Google has released a set of mobility reports which illustrate how the public’s movements around the world have altered due to the coronavirus outbreak. Greece went into staggered lockdown measures over a number of weeks after the first case of the virus was announced in the country on February 26

    2%

  8. Covid-19 effects spread across number of sectors
    Photo by MacroPolis

    EconomyFeatures

    likely to be affected are tourism, retail and transport among others. The tourism industry has

    2%

  9. Industrial production falls by 3.4 percent in February
    Photo by MacroPolis

    EconomyMacroeconomy

    . Year-on-year, industry confidence has risen by 5.3 points. However, Markit’s PMI for March showed

    2%

  10. Covid-19 impact on tourism sector set to be extensive, report suggests
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    The research arm of the Association of Greek Tourism Enterprises (INSETE) has conducted a study to estimate the impact of the coronavirus on the country’s vital tourism industry. The study examined the main markets from which the majority of Greece’s tourism revenue comes from to assess what impact

    2%