GDP
Economy
Greek Economy Grows 1.5% in 3rd Quarter
The Greek economy grew 1.5 percent in the third quarter of 2016, laying the foundations for its return to positive growth rates in 2017. The Hellenic Statistical Authority, in a report released on Monday, said the country's Gross Domestic Product...
Economy
European Commission: Recession in 2016, Growth in 2017 in Greece
The European Commission predicts that the end of 2016 will find Greece with a 0.3% recession, but 2017 will follow with a 2.7% growth, according to the autumn estimates.
The EC report says that Greek economy stagnated in the first...
Economy
EBRD: Greek Economy will Grow 2% in 2017, While 2016 will End With Zero Growth
The growth rate of the Greek economy in the second half of 2016 will probably be positive, resulting in zero at the end of the year, according to a European Bank for Reconstruction and Development report.
The report, called Regional...
Greece
Greece Among Top 3 Big Spenders of the Eurozone
Greece's state expenditure is 55 percent of the country's GDP, one of the biggest spenders of the Eurozone despite austerity. The only other two countries with higher government expenditure are France and Finland. The revelation is based on a...
Economy
ELSTAT: Greek Statistics Show Deepening Recession in First Half of 2016
The Hellenic Statistical Authority (ELSTAT) announced the GDP for the 2nd quarter for 2016. Seasonally adjusted data showed that GDP in the second quarter increased by 0.2 percent compared to the first quarter against an increase of 0.3 percent...
Economy
PM Tsipras: FT's Article on Greek GDP Data is 'Best Response to Doomsayers'
Greek Prime Minister Alexis Tsipras responded to an article published in the Financial Times on Friday, which commented favorably on Greek economic data and was titled “Greece Surprises with Economic Growth”, saying it is “the best response to doomsayers”.
Greece...
Economy
Greek Unpaid Debt to State Funds at 50% of GDP
Overtaxed Greek citizens are having difficulty meeting their obligations with the Greek tax department. In May, taxation and businesses, according to data released by the General Secretariat of Public Revenue, left 1.25 billion euros worth of unpaid taxes. Overdue...
Economy
ND Proposes Less Spending, Fewer Taxes, Mitsotakis Tells SEV
New Democracy's proposal for governing the country consisted of a two-pronged approach based on less spending and fewer taxes, main opposition leader Kyriakos Mitsotakis said on Tuesday, addressing the annual general meeting of the Hellenic Federation of Enterprises (SEV).
Mitsotakis...
Economy
Eurostat: Greek Economy Shrinks 0.5% in First Quarter
The European statistics authority (Eurostat) has released its latest figures showing a 0.5% drop in GDP in Greece, in the first quarter of 2016.
At the same period, euro zone as a whole showed a 0.6% rise in GDP, while...
Business
Mitsotakis at ‘Posidonia’: ND has Always Supported the Shipping Sector
New Democracy has traditionally favored the development of the shipping sector and the people employed in it, party leader Kyriakos Mitsotakis said on Monday during a speech at the opening of international shipping show “Posidonia 2016” in Athens.
“This is...