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  1. Receipt losses near 5 bln in first six months as June tourism figures disappoint
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’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

    2%
  2. Retail turnover drops by 6.9 pct in June, volume drops by 7.3 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Compared to August 2019, consumer confidence has dropped by 26.8 points. Retail trade fell by 2 points

    2%
  3. Data shows export market shake-up amid pandemic
    Photo by MacroPolis

    EconomyFeatures

    year-on-year (YoY) to 11.10 billion euros. Data from the Hellenic Statistical Authority (ELSTAT) has

    2%
  4. Euroban​k net results show profit of 176 mln in H1
    Photo by MacroPolis

    EconomyBanking

    of 2018, NPE stock has fallen by 10.5 billion euros to stand at 6.2 billion in H1 2020. The NPE ratio

    2%
  5. GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
    Photo by Manolis Tsafos/Fosphotos

    EconomyMacroeconomy

    of 6 percent was expected in 2021, lower than the forecast of 7.9 percent in spring. The OECD has

    2%
  6. H1 results for Greek corporates show signs of pandemic biting
    Image via www.gekterna.com

    EconomyCorporates

    to a profit of 5.7 million in H1 2019. Fourlis Group has reported that their net results for the first

    2%
  7. Athens encouraged by Med7, Macron support in Turkey dispute
    Photo via www.primeminister.gr

    PoliticsForeign Policy

    The 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

    2%
  8. Building permits rise by 17 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    last year, construction confidence has increased by 11.4 points.

    2%
  9. Mitsotakis seeks to reassure on foreign policy, spending plans

    PoliticsGreek Politics

    has created a tension with delivering on key spending pledges in other areas. Pressed on the subject

    2%
  10. Turnover in services shows year-on-year deteriorations in Q2
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    improved by 5.4 points month-on-month to -28.8 points. Year-on-year, the service confidence indicator has

    2%