MacroPolis

Tourism sector struggles as it prepares for full reopening in July

Greek resort areas prepare to welcome the first tourists of the season, with regional airports due to reopen to international flights on July 1.

ND braces for deeper economic impact from Covid-19, mulls more assistance

With New Democracy and SYRIZA locked in an intense verbal battle over alleged scandals, the impact of the coronavirus on the Greek economy has moved down the political agenda for now.

Majority of Greeks report financial hardship due to Covid-19

A special white paper by Intrum examining the impact of the coronavirus pandemic on households has found that Greeks are coming under increasing financial pressure as a result of the lockdown.

Covid-19 takes toll on budget as primary deficit widens to 4.80 bln in May

The budget primary balance recorded a deficit of 4.80 billion euros in the first five months of 2020, compared to a surplus of 916 million noted in April 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for May showed on Monday.

PM declares tourism season open, rules out new lockdown

Greece is gradually reopening to the world from Monday, aiming to attract as many tourists as possible while preventing any major coronavirus outbreak in the country.

Amid crowding concerns, officials reject idea of return to full lockdown

Senior government figures are insisting there will be no return to a full lockdown as concerns over lax observance of hygiene measures intensify. Meanwhile, the government is being accused of lack of transparency over the use of funds for public health campaigns in the emergency pandemic package.

OECD sees economy shrinking by 8 to 9.8 pct, depending on whether virus returns

The latest OECD economic outlook for June 2020 takes stock of Greece’s position in light of the coronavirus pandemic and presents a number of scenarios.

Rise in new Covid-19 cases raises alarm on eve of reopening to tourism

A fresh spate of confirmed cases of Covid-19 in Greece has been causing jitters as the country prepares to reopen its borders with the hope of attracting foreign visitors for the tourist season.

Covid-19 lockdown, slump suppress electricity demand and edge out lignite

By: Georgia Nakou

Electricity consumption in Greece plummeted by -9.8 percent in April compared to the same month last year due to the emergency pandemic measures and economic slowdown.

Parties jostle over economic data, public still backs ND approach on pandemic

The publication of preliminary GDP data for the first quarter of the year has sparked a war of words between government officials and the opposition.