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Hoteliers staring at big drop in turnover as liquidity calls grow
EconomyFeaturesThe Hellenic Chamber of Hotels (HCH) has released its latest survey regarding the impact of the coronavirus pandemic on the country’s hotel industry, which shows that the hotel market has shown little sign of recovery as the summer begins. A total of 1,941 hotels were surveyed, representing 19.4
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Travel balance falls by 99.3 pct in May
EconomyMacroeconomyGreece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 99.3 percent year-on-year (YoY). Receipts came to 13.1 million euros for the month, falling by 99.2 percent YoY. Travel payments also decreased
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OECD advocates closer look at health and capital quality of Greek banks
EconomyBankingthe accounting loss over the bank’s equity. Such a development would dilute existing shareholders and inhibits
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R&D and innovation remain low in Greece, OECD finds
EconomyFeaturesThe OECD 2020 report on Greece highlights a persisiting lack of R&D and innovation in the economy and lower productivity compared to other countries. As the OECD notes, innovation is the cornerstone of productivity growth. Greece’s economy is characterised by low productivity growth due to its
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Episode 8 - Athens: An ancient city grappling with modern problems
Agoraat what’s happening in the world around us. We’ll provide you with insight from our own experts
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Economic sentiment at 90.8 in July, consumer confidence slips
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 3.2 points month-on-month in July to reach 90.8 points, European Commission (EC) figures showed on Thursday. In July, the Employment Expectations Indicator (EEI) for Greece came to 103.7 points compared to 97.6 points in June. Compared to last year, the EEI
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Banks step up securitisation drive following pandemic interruption
EconomyBanking43,000 properties are collateral. Following its latest results announcement on Thursday, NBG’s CEO said
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Trade deficit falls by 10.3 pct in June
EconomyMacroeconomyGreece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit came to 1.41 billion euros for the month. Imports totalled 3.96 billion euros, showing
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CPI falls by 1.8 pct YoY in July
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 1.8 percent year-on-year (YoY) in July compared to a decline of 1.6 percent seen in June, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The average CPI for the rolling 12 months fell by 0.4 percent. Month-on-month, the CPI for July
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Episode 10 - Get with the (first) programme
Agora. But our podcasts will also look at what’s happening in the world around us. We aim to provide you
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