x

Economy

Greek Enterprises Lost €19.8B in Turnover in Q2 Due to the Pandemic

October 16, 2020

ATHENS — Greek enterprises lost 19.8 billion in turnover in the second quarter of 2020 because of the pandemic and the lockdown, compared with the same period last year, Hellenic Statistical Authority said in a report on Friday. The statistics service said that accumulated turnover in the April-June period totaled 58.987 billion euros, down 25.1 pct compared with the corresponding period in 2019 (78.800 billion). Enterprises in the hospitality sector and in the entertainment sector suffered the biggest percentage losses (78.8 pct and 53.2 pct, respectively), while civil administration, social insurance (0.5 pct) and agriculture/fishery (3.4 pct) recorded the smallest decline.

A total of 205,984 enterprises were on suspended operation in the second quarter of 2020, with their turnover dropping 55.9 pct from the same period last year (3.232 billion euros from 7.329 billion, respectively).

RELATED

ATHENS - With Greece being a hotspot tourist destination in 2023 and people traveling with the waning of the COVID-19 pandemic, the country’s hotels experienced a 23% increase in turnover, raking in €10.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

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.

Video

Fire Breaks Out at Apartment Building Near the Offices of TNH (Vid & Pics)

LONG ISLAND CITY, NY – A fire broke out in an apartment building about a block from the offices of The National Herald in Long Island City on February 21.

NEW YORK - Charles H. Dallara, the former Managing Director of the Institute of International Finance (IIF) and a central figure in the 2012 restructuring of Greece's debt, has penned what Nick Gage describes as a "riveting narrative" of those tumultuous times.

CULVER CITY, Calif — President Joe Biden said Wednesday that while a college degree was still a ticket to a better life, that ticket is often too expensive, as he announced he was canceling federal student loans for nearly 153,000 borrowers.

XINJIANG  - Chinese police are investigating an unauthorized and highly unusual online dump of documents from a private security contractor linked to the nation's top policing agency and other parts of its government — a trove that catalogs apparent hacking activity and tools to spy on both Chinese and foreigners.

WASHINGTON — Donald Trump's legendary ability to raise massive sums of political cash may be on a collision course with a new and unpleasant reality.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

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