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Travel balance falls by 97.8 pct in April
EconomyMacroeconomyGreece’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
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Tourism sector struggles as it prepares for full reopening in July
PoliticsGreek PoliticsDemocracy has hinted heavily that it intends to broaden the scope the parliamentary enquiry
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Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
EconomyMacroeconomyThe budget primary balance recorded a deficit of 4.84 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in May 2019, the final Finance Ministry (MoF) budget execution bulletin for May showed on Thursday. The budget for May has been widely considered
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Retail turnover drops by 24.7 pct in April, volume also down by 24.8 pct
EconomyMacroeconomyto -6.2 in June. Compared to June 2019, consumer confidence has recovered by 14 points. After dropping
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingamounts to 21 percent of the principal amount and the transaction has a neutral capital impact, NBG
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Overdue social security contributions rise to 36.32 bln in Q1
EconomyMacroeconomymillion from 456.9 million in Q4 2019. Overall, KEAO has collected revenues of 6.06 billion since
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Building permits fall by 22.4 pct in April
EconomyMacroeconomy. Compared to the same month last year, construction confidence has decreased by 0.3 points.
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Primary cash balance deficit at 6.71 bln in June
EconomyMacroeconomymonths of the current year, the PIB balance has worsened by 1.92 billion euros. The budget primary
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The EU decision excluding nuclear and fossil fuels from the Just Transition Fund
Legalof the argument the decision has been warmly welcomed by environmental groups that have been pushing
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Current account shows deficit of 913.9 mln in May as travel receipts evaporate
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared to a deficit of 1.13 billion in April, Bank of Greece (BoG) data showed on Monday. In the same month last year, there a surplus of 269.7 million euros, meaning that the balance has worsened by 1.18
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