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  1. Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
    Photo by MacroPolis

    Economy

    the Hellenic Fiscal Council has provided the necessary sign offs, subject to the “exceptionally high

    2%

  2. Industrial production edges up by 0.6 percent in March
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    as coronavirus-related measures took hold. Year-on-year, industry confidence has fallen by 4.7 points

    2%

  3. VIDEO - The Greek economy after Covid-19
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    Agora

    Greece has earned plaudits for tackling the Covid-19 threat to publich health but now faces a challenge in containing the impact on the country's fragile economy. Even in the best-case scenario, the recession is likely to rival the worst years of the recent debt crisis. Also, the momentum

    2%

  4. Building permits increase by 64.3 pct in February
    Photo by MacroPolis

    EconomyMacroeconomy

    . Compared to the same month last year, construction confidence has decreased by 26.8 points. The Bank

    2%

  5. Study suggests 1 in 3 employees could work remotely
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    EconomyFeatures

    Research by the Centre of Planning and Research (KEPE) has revealed that up to a third of Greek workers could work remotely. With the advent of the coronavirus in the country, the Greek employment market was pushed into the digital age by allowing employees to work remotely, something

    2%

  6. Primary cash balance deficit climbs to 2.62 bln in April largely on revenue deterioration
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , the PIB balance has worsened by 551 million euros. The budget primary balance recorded a deficit

    2%

  7. Industrial turnover drops by 9.3 pct in March
    Image via www.titan.gr

    EconomyMacroeconomy

    . Year-on-year, industry confidence has fallen by 4.7 points. Industry confidence is currently

    2%

  8. Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a deficit of 1.10 billion euros in March compared to a deficit of 1.14 billion in February, Bank of Greece (BoG) data showed on Thursday. In the same period last year, the deficit was 1.54 billion euros, meaning that the deficit has improved by 431.6

    2%

  9. Exposure to tourism sector a concern for banks despite effort to save season
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    As Greece moves to reopen its tourism season, how the industry will respond and cope in the new global enviroment for travel has implications for Greece’s banking sector. Based on data from Bank of Greece's financial stability report, as of mid-2019 Greek banks had exposures to businesses of 122.5

    2%

  10. Travel balance falls by 53.6 pct in March
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance fell to 31.6 million euros in March from 68.1 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 53.6 percent year-on-year (YoY). Receipts came to 92.1 million euros for the month, falling by 71 percent YoY. Travel payments also

    2%