x

Economy

Greek Enterprises Lost 4.2 Billion Euros in Turnover due to the Pandemic

September 17, 2020

ATHENS — Greek enterprises with an obligation to double-entry bookkeeping suffered losses in turnover of around 4.2 billion euros, or 17.5 pct, in July 2020 because of the pandemic, in comparison with July 2019, Hellenic Statistical Authority said on Thursday. The biggest hit was suffered by enterprises in the hospitality sector (-71.4 pct), while the enterprises in the mining sector recorded the biggest increase (11.4 pct).

The statistics service said that accumulated turnover fell to 19.832 billion euros in July this year from 24.026 billion in the same month in 2019. Enterprises that have suspended operations under state order saw their turnover falling 41.1 pct by 1.388 billion euros in July from 2.358 billion in July last year, with the accommodation sector recording the biggest decline (-76.8 pct) and the gambling and betting sector reporting a 6.5 pct increase in turnover.

The statistics service said that overall, enterprises hit by the pandemic saw their turnover falling 25.1 pct in the second quarter of 2020 to 58.988 billion euros, from 78.800 billion in the same period last year, with the accommodation sector recording a 78.8 pct decline. In the same period, enterprises suspending operations by state order saw their turnover falling 55.9 pct to 3.233 billion euros from 7.329 billion in 2019, with the accommodation sector recording a 94.7 pct drop in turnover.

RELATED

ATHENS - Much of the coastline in Greece’s capital - allegedly public beaches - has long been unreachable to the public because of private clubs and developments blocking access and now 13 plots for villas along the so-called Athens Riviera have been sold for 500 million euros ($526 million.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

PM Kyriakos Mitsotakis’ Address to the Joint Session of the U.S. Congress

WASHINGOTN - The full text of Prime Minister Kyriakos Mitsotakis’ speech to the Joint Session of the US Congress is as follows: Madam Speaker, Madam Vice President, Honorable Members of the United States Congress, Ladies and Gentlemen, There is no greater honor for the elected leader of the people who created democracy than to address the elected representatives of the people who founded their country on the Greek model and have promoted and defended democratic values ever since.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.