ELSTAT

Greece's unemployment rate climbed to 26 percent in the last quarter of 2012 from 24.8 percent in the previous three-month period, showing the depth of a continuing recession and how difficult the government's job will be to bring...

Greek economy contracted less in the last three months of 2012 than initially estimated, according to Greek statistical agency. Greek gross domestic product shrank 5.7% October through December, compared with the same period in 2011. Last month ELSTAT estimated a fourth-quarter...

Greece's unemployment rate fell slightly to 26.4 percent in December, 2012, down only 0.6 percent from a record high the month before, but many analysts said there's no reason to feel optimistic yet. There were 1,321,236 people jobless, according...

With austerity-crunched Greeks keeping their wallets in their pockets, retail stores are taking a big hit, with sales dropping like a stone in 2012, for a fourth consecutive year. The businesses reported an overall 10 percent slide and expect...

Greece’s economic crisis has become so severe for many that even traditional customs are being lost or altered, including an end to big weddings and people forced to have bargain funerals because they can’t pay burial costs. The news agency...

Coming on the heels of news that the country’s unemployment rate hit a record 27 percent, the Greek government got more bad news: the economy shrank 6 percent in the fourth quarter of 2012, according to the Hellenic Hellenic...

Greece’s jobless rate hit a new record 27 percent in November, 2012 – some 61.7 percent for those under 25 – as statistics showed the economy shrank by 6 percent in the last quarter of the year, a double...

Given the huge economic crisis that Greece is struggling with, price escalation has been observed in key categories of everyday life such as food. The opposite however, seems to be happening  as far as clothing and footwear prices are concerned...

With retailers desperate for customers and hoping an ongoing annual sales period with discounts up to 80 percent will bring them back, fearful Greeks are so worried about the country's crushing economic crisis that they have slowed spending almost...

Already reeling from big falls in sales during the Christmas and New Year's holiday period, the news for Greek retailers was even bleaker with the news that their sales in November of 2012 dropped off a cliff, falling 16.9%...