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  1. Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts fell for the second straight month in February, when they declined by 3.8... the February travel balance to a deficit of 3.8 million from a surplus of 3.8 million last year. The decline in travel receipts is entirely attributed to a 14.9 percent decrease in non-residents’ arrivals

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  2. Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

    Agora

    Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

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  3. Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel receipts grew by 10.3 percent in August from 14.4 percent in July, marking the third successive monthly increase, according to the Bank of Greece (BoG). In absolute numbers, travel receipts stood at 3.18 billion euros in August from 2.88 billion last year. At the same time, travel

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  4. Helped by trading gains, Eurobank posts 305 mln in Q1 profits
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions

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  5. Pandemic takes heavy toll on Greek workers, study finds
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    of poverty. Losing a job comes at a particularly heavy price in Greece, since after two years... of three categories: Either they saw their work suspended for three months, were registered as unemployed

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  6. OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022
    Photo by MacroPolis

    Economy

    to 13.5 percent in 2022. Exports will suffer a heavy hit this year, declining by almost a quarter... that an extremely weak tourism market impacted the economy in 2020 as even though travel restrictions were lifted

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  7. Public deficit and democratic duty

    Agora

    following a presentation at the London School of Economics. “Members of the general public have a duty... what triggered Greece’s crisis is a matter of democratic duty. Nick Malkoutzis

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  8. Newsletter 307 - 10/09/2021

    Newsletters

    that are heavily reliant on tourism services and saw their economies suffer last year as international travel... and secutirisations. Trade The trend that saw the trade deficit start to widen from March this year, just... and beverage sector saw prices increase by 3 pct. There were hikes in various food stuffs, ranging

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  9. Travel balance down by 29 pct in April as receipts slump
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance fell by 29 percent year-on-year (YoY) in April, dropping into negative.... Receipts came to 489.9 million euros for the month, edging up by 1 percent to 489.9 million. Travel payments increased by 37.8 percent to 299.9 million. As a result, the travel balance came to a surplus

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  10. Travel balance increases by 16 pct in June and 19.5 pct in first half of year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance rose by 16 percent in June, slowing from an increase of 38.2 percent in May..., an increase of 16 percent. Travel payments rose by 16.5 percent, but the absolute figure was much lower than receipts at 157.7 million. As a result, the travel balance came to a strong surplus of 2.17

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