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Exports

Cyprus' Trade Deficit Rises in January to February 2016

The trade deficit in Cyprus has registered higher for the period of January to February 2016, as compared to the same period in 2015. Specifically, trade deficit on the island was 465.7 million euros for 2016, while in 2015 it...

Three Weeks of Railway Stoppage: The Economic Effects of the Refugee Crisis at the Border

As the refugee crisis keeps developing, recent changes in the status quo in Greece's northern border with the Former Yugoslav Republic of Macedonia (FYROM) has had a significant effect in the operations of the railway track that connects Thessaloniki and the...

Capital Controls Continue Negative Impact on Greek Exports

The impact of capital controls imposed by the Greek government at the end of June is still felt by Greek exporters, ELSTAT says. According to October figures released by Greece's statistical authority, capital controls hurt all categories of products. The total...

Greek Wine Fashionable in London and New York

Greek wine, especially white, has become fashionable in the restaurants of New York and London and it’s certain that current production will need to increase to meet demand in the future, winemaker Evangelos Gerovasiliou told Praktorio radio station in...

Cost of Greek Capital Controls Estimated at Around €3 Bln

Capital controls have been imposed in Greece for three weeks. However, the cost of this time period to the Greek economy is estimated to be around 3 billion euros. According to Greek newspaper "Kathimerini," this financial regime has hurt a number...

Greek Exports Hurt by Capital Controls

Greek exporting companies could lose 80 million euros per week after the imposition of capital controls and the closing of banks, estimates the Panhellenic Exporters Association (PSE). Also, PSE predicts a shortage of imported goods adding up to 600 million...

Greek Exports Increase as Euro Drops

Greek exports, excluding fuel products, increased by 280.4 million euros in March, recording a 20.7 percent rise compared to 2014, while the first quarter of 2015 showed a 14 percent increase. According to figures released by the Hellenic Statistical Authority...

Simplification of Customs Procedures for Inward Processing to Boost Exports

General Secretary of Public Revenue Aikaterini Savvaidou plans simplification of customs procedures regarding inward processing as part of an effort to boost exports. Specifically, the general secretary is preparing a policy framework that will facilitate the following: 1. Transfer of goods placed...

Greek Fruit and Vegetables Export Value Reduced by 4% in 2014

The value of Greek fruit and vegetable exports has been slightly decreased between January and October 2014 and totaled some 765 million euros, almost 4% less compared to the same period last year. Despite the year's good start, which...

Greek Olive Oil Prices Drop Despite Demand

Prices of Greek extra virgin olive oil (EVOO) are dropping despite shortages in the 2014 harvest season of other major producers like Spain, France, Italy and Turkey. Even though Greeks are consuming an impressive 18 kilos per capita a year,...