economy

English Edition | 14.03.2025 | 13:13

Greece’s Economy Awaits Moody’s Verdict on Investment-Grade Rating

The stock market has reflected strong performance, with the general index showing resilience and a lack of inward-looking caution.

English Edition | 19.09.2024 | 09:31

Greece Posts €1.37 Billion Cash Primary Surplus in First Eight Months of 2024

Specifically, from Jan. to Aug. 2024, the central government recorded a cash surplus of 1.368 billion euros, compared to a deficit of 964 million euros in the same period of 2023.

English Edition | 16.09.2024 | 07:45

Greek Government Weighs Freeze on Property Tax Values to Tackle Housing Crisis

Another increase in tax values to match current market levels would likely trigger a further spike in real estate prices, exacerbating the already severe housing problem.

English Edition | 11.06.2024 | 19:52

ELSTAT: Industrial Production in Greece Up by 10.8% in April

Looking at the broader picture, the average index for the period from January to April 2024 showed a solid 5.3% rise compared to the same period in 2023.

English Edition | 23.02.2024 | 20:01

Eurostat: Greece Surpasses Pre-COVID Levels

Nevertheless, the Economic Sentiment Indicator, reflecting public perception of the economy, has turned positive after the pandemic-induced downturn from March 2020 to April 2021, this positive shift has stabilized consumption, with retail trade gaining momentum since May 2022.

English Edition | 29.01.2024 | 18:14

Greeks to Pay Property Tax Earlier in 2024 but in 11 Installments

In a bid to sustain the construction sector, the Value Added Tax (VAT) on newly constructed properties will maintain its current status quo for an additional year, persisting until the conclusion of 2025

English Edition | 19.01.2024 | 14:17

Greek Businesses to Thrive in 2024 and which to Face Decline

According to the market's average estimate, the real GDP in Greece is estimated to have strengthened by 2.3% in 2023, while a growth slowdown to 2.0% is projected for 2024.

English Edition | 08.01.2024 | 19:45

Minimum Wage Increase: When Will It Reach 950 Euros?

Regarding collective labor agreements it is worthy to notice that increases to minimum wages has not affected the so-called ‘middle-wages’, with 80% of employees not having seen any pay rise

English Edition | 08.12.2023 | 08:27

Supermarket Trends: Greek Consumers Favor Snacks, Soft Drinks, and Alcoholic Beverages Over Ten Months

According to data from Circana (formerly IRI) for the ten-month period of January-October 2023, the largest sales volume increase was recorded in non-alcoholic beverages and snacks at +4.4%, and alcoholic beverages at +4.3%

English Edition | 23.11.2023 | 17:40

Over 7 Million Greeks See Tax Breaks Worth 3.87bln Euros

The Public Revenue (AADE) data showed there were currently 1,064 tax exemptions costing 15.557 billion euros to the state budget

English Edition | 17.11.2023 | 21:31

Greek budget posts primary surplus of 5.8 bln€ in Jan-Oct 2023 period

Greece’s state budget posted a primary surplus of 5.8 billion euros, on a cash basis, in the January-October 2023 period

English Edition | 16.09.2023 | 11:04

Moody’s raises Greece’s sovereign credit rating by 2 notches; investment grade next up

Specifically, Greece’s rating was raised to Ba1 from Ba3, with stable outlook

English Edition | 04.07.2023 | 17:19

Parliament Budget Office: Greek economy to grow by 2.2% in 2023, 2024

The Greek Parliament’s Budget Office Greek on Tuesday forecast that the country’s economy will grow by 2.2 percent this year and next year, in 2024

English Edition | 18.05.2023 | 23:47

Times of London columnist Simon Nixon: ‘Greece’s hard work on debt may be undone by a left-wing government

He also emphasized this week’s high-profile warnings by Bank of Greece (BoG) Yannis Stournaras

English Edition | 28.03.2023 | 18:13

Greece eyes new new 5-year bond

According to reports, the issue will come in the “near future”, without a specific date cited

English Edition | 27.01.2023 | 23:13

Economist political editor Peet: Risk of Turkey moving towards dictatorship

Peet spoke in the wake of a particularly critical cover story focusing on Turkey in the recent Economist issue

English Edition | 16.01.2023 | 22:21

Greek state budget posts lower primary deficit than forecast

On an amended cash basis, the state budget posted a deficit of 11.680 billion euros in 2022, down from a budget target for a deficit of 13.4 billion euros

English Edition | 15.01.2023 | 23:45

Greece eagerly awaiting news of investment grade rating in H1 2023

The first test comes on Jan. 27, when Fitch will issue its latest credit rating for the country

English Edition | 14.07.2022 | 22:32

Commission: Greek econ growth to exceed EU average in 2022

The report said Greece maintained its momentum in the first quarter of 2022, with real GDP growing by 2.3 percent qoq

English Edition | 08.12.2021 | 14:33

Greek PM to Putin – “There is room for improvement in Greek-Russian relations”

When meeting with Vladimir Putin, the Greek PM stressed that "there is room for improvement in Greek-Russian relations in the sectors of economy, bilateral trade and tourism."

English Edition | 04.12.2021 | 12:59

Tourism – How can it bring more revenue to the Greek economy

Increasing tourism revenue is a timeless strategy for both the public and the private sector

English Edition | 19.10.2021 | 23:17

Survey of CEOs in Greece: Economy improved from a year ago; risks from surging energy prices

Nevertheless, optimism appears guarded due to global trend of higher energy prices, which in turn may cause inflationary pressure, problems for certain sectors and negative impact for households

English Edition | 04.10.2021 | 13:24

BoG Gov – Intense recovery of the Greek economy in the coming quarters

The main sources of concern according to the BoG governor?