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  1. PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    of 7.7 billion euros, a sharp drop of 8.7 billion compared to the surplus of 1 billion in the same period last year. PBO notes that 8 billion can be attributed to emergency fiscal measures to deal

    7%

  2. Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
    Photo by MacroPolis

    EconomyMacroeconomy

    , and just short of 8 pct in the last quarter of the year. Private consumption is seen dropping by 6... in 2021 will be just above 1 pct of GDP at 2.08 billion, recovering impressively from the 9.72 billion

    7%

  3. New bid to curb Covid-19 raises demand for more economic support
    Photo by MacroPolis

    PoliticsGreek Politics

    of next week. According to sources, there will be a package with a fiscal cost of 1 billion euros... economy is expected to reach 11 billion euros this year. Almost 8 billion euros has come through tax

    7%

  4. Covid-19 stretches health system again, putting reopening of shops in doubt
    By Natasha Pandazopoulou/Fosphotos

    PoliticsGreek Politics

    . The Development Ministry appears determined to re-open shops from March 1 or March 8. Kathimerini reported

    7%

  5. Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer

    EconomyMacroeconomy

    if not the coming week, by March 8 the latest, whereas scientists propose a more cautious approach. On Wednesday, Prime Minister Kyriakos Mitsotakis indicated that a March 1 reopening is not likely.

    7%

  6. Greece hopes beaches won't be empty again this summer, but vaccination numbers say otherwise

    Agora

    (a little over 550,000 people) are fully vaccinated, and 11.7% (just over 1 million people) have... from 14% to 8%. The approval and availability of vaccines, along with the publicity given

    7%

  7. Banks tout ambitious NPE plans to return to European mainstream
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    its results on March 16. But this is more a reflection on its planned 1 billion-euro share capital... the pandemic. Stournaras on Wednesday estimated that new NPLs in 2021 will amount to 8 to 10 billion euros. Yet

    7%

  8. Piraeus announces Q1 loss of 407 mln as provisions mount
    Photo by MacroPolis

    EconomyBanking

    ) to 76 million euros, while total operating expenses stood at 225 million, a drop of 1 percent YoY.... Balance Sheet Customer deposits grew to 50.4 billion euros in Q1, a rise of 8 percent YoY and 2

    7%

  9. PM looking to build on RRF approval to augment profile as moderniser

    PoliticsGreek Politics

    Commission has indicated that it expects 1 percent of GDP to be added this year, 2 percent next year and 2.5... 2.3 billion in grants and close to 2 billion in loans) to be made in July, with close to 8 billion

    7%

  10. Govt views pandemic window as opportunity to advance contentious reform agenda

    PoliticsGreek Politics

    will come into effect from January 1 for all new entrants in the labour market with the option of opening... seen an increase in the number of Covid-19 variants recorded in Greece. As of June 8, fewer than 10

    7%