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Economy

Greek Enterprises Lost 13.1 Billion Euros in Revenue in Q3

January 15, 2021

ATHENS — Greek enterprises suffered revenue loss of 13.1 billion euros in the third quarter of 2020, with November losses -after the second lockdown- totaling 1.6 billion euros, Hellenic Statistical Authority said on Friday.

The statistics service said that accumulated turnover in the third quarter of 2020 totaled 69.807 billion euros, down 15.8 pct compared with the same period in 2019, with the biggest losses recorded in hospitality (50.4 pct), while on the other hand mining enterprises lost only 0.8 pct. Enterprises in the public sector/defence and mandatory social insurance recorded a 10.6 pct increase in turnover. A total of 205,984 enterprises were put into temporary suspension of operations in March 2020.

Their turnover fell 33.1 pct to 7.1 billion euros in the third quarter. Enterprises in the hospitality sector suffered the biggest turnover decline (61.6 pct) in the third quarter, while social welfare companies recorded the smallest decline (6.5 pct). On the other hand, enterprises in the education sector recorded a 2.2 pct increase in turnover.

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