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  1. Plans for Hellinikon development set out, emphasis on real estate revenues
    Photo via https://www.lamdadev.com

    EconomyFeatures

    square metre. A total of 1 million square metres in residential property will account for 43 percent... in keeping with recent years, shares would rise by 5 percent or 40 cents per euro. If yields fell from 7

    12%

  2. Govt proposes property VAT reduction to kickstart home sales

    EconomyFeatures

    prices increased by 1.7 percent in 2018, compared to an average price contraction of 1 percent in 2017..., accounting for 65 percent of all permits granted. This was followed by Turkey (8 percent), Russia (7 percent

    12%

  3. Unemployment drops to 16.4 pct in Q3
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    ). The unemployment rate for males came to 13 percent, down by 7 pps since Q2 while the rate for females stood... of long-term unemployed (over 1 year) rose after declining for eight consecutive quarter, and came

    12%

  4. FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
    www.mfa.gr

    PoliticsForeign Policy

    Mitsotakis's visit to Washington on January 7, when he will meet with US President Donald Trump. The US has embraced the project and is a member of the so-called "3+1" alliance with Greece, Cyprus and Israel

    12%

  5. Overall loan interest rate edges up to 4.34 pct in Nov

    EconomyMacroeconomy

    loans at a floating rate dropped by 7 bps to 2.84 percent. The average interest rate on corporate loans... interest rate on new deposits dropped by 1 bps to 0.19 percent, almost unchanged month-on-month

    12%

  6. Trade deficit falls by 7.2 pct in December and rises by 5.2 pct in 2019

    EconomyMacroeconomy

    Greece’s trade deficit dropped by 7.2 percent year-on-year (YoY) in December compared to a rise of 7 percent in November, data from the Hellenic Statistical Authority (ELSTAT) released on Friday... the total shortfall to 21.72 billion. Imports rose by 2.6 percent, while exports rose by 1 percent. Across

    12%

  7. Greece braces for potential impact of coronavirus on key economic sectors
    Photo by MacroPolis

    PoliticsGreek Politics

    of GDP, that would translate to the loss of 1 percentage point of growth, or 1.8 billion euros. More... cancelled, a some of which were destined for the port of Piraeus. Shipping makes up 7 percent of Greek

    12%

  8. IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    by -8 pct, Germany by -7 pct and France by -7.2 pct. Recession in the UK will be -6.5 pct and the USA..., with the consumer price index in negative territory of -0.5 pct. It is due to grow by 1 pct in 2021

    12%

  9. First challenges for tourism plan, as public relaxes approach to virus
    Athens Airport metro

    PoliticsGreek Politics

    passengers are subject to compulsory screening and self-isolation (7 days for those testing negative...-isolation after entering the country in recent weeks, with around 1% of tests on travellers emerging

    12%

  10. ND braces for deeper economic impact from Covid-19, mulls more assistance
    Photo via www.government.gov.gr

    PoliticsGreek Politics

    could be broadened so that another 1 billion euros is returned to firms. The process of returning... to 7 billion euros of leveraged loans via the Hellenic Development Bank’s Guarantee Fund

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