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Motor Vehicle Sales Fall Sharply In 2011

For the fourth year in a row, automobile sales continue their downward spiral in Greece. According to the Hellenic Statistical Authority (ELSTAT), vehicles sales...

Trade Deficit Down 27.3% in October

Greece's trade deficit shrank by 29.6% in October, reflecting higher exports and lower imports because of a deep economic recession in the country, Athens...

Troika Tells Greece: Action, Not Talk

ATHENS – Official from the Troika of international lenders keeping Greece on economic life support with rescue loans will wrap up a 10-day visit...

Retailers Face 30% Drop in Christmas Sales

Greek retail sales may drop 30 percent in the 2011 Christmas shopping season as growing unemployment, tax increases and wage cuts crimp shopping budgets,...

Inflation At 3.1% In September

The Consumer Price Index in September 2011 compared with September 2010, increased by 3.1%, said the Hellenic Statistical Authority (ELSTAT). In September 2010, the...

Salaries Fall 7.6% in Q1

Nominal Greek salaries fell 7.6% in the first quarter of 2011 - the first time in four years, according to data released by the...

Greece Records Largest Increase in Suicide Rates

Greece records the biggest rise in suicide attempts throughout Europe, said Mrs. Bekiari, member of NGO “Klimaka” during her interview to SKAI Radio. As pointed...