GDP
Economy
Greeks Fear Bailout Deal Could Threaten Tourism Lifeblood
Amid the sounds of buskers playing Greek folk music, thousands of tourists wander among the ruins of the Acropolis that looms over Athens – walking on the foundations of Western civilization.
Meanwhile, a short boat ride away lie thousands of idyllic islands...
Economy
Consumption in Greece Relatively Normal Despite Economic Crisis
Actual Individual Consumption (AIC) in Greece was relatively high in 2014 reaching 83 percent of European Union average, according to Eurostat figures released on Tuesday.
AIC is a measure of material welfare of households. It is expressed in Purchasing Power...
Economy
Greek Economy Shrank by 0.2% in Q1 and Revenue Collapse in May
The Greek economy shrank by 0.2 pct in the first quarter of 2015, in contrast with the Eurozone and the EU-28 which grew by 0.4 pct in the January-March period, Eurostat said on Tuesday.
In a report released here, the...
Economy
Greek Economy to Grow by 0.1% in 2015, 2.3% in 2016
The Greek economy is expected to grow by 0.1% this year and by 2.3% in 2016, the Organization for Economic Cooperation and Development (OECD) said in its semi-annual Economic Outlook report.
The unemployment rate is projected to drop to 25.7%...
Economy
Eurostat: Eleven Greek Regions Below EU-28 Average per Capita Rate in 2013
A total of 11 Greek regions ranked below 75 pct of the EU-28 average per capita rate in 2013, Eurostat said on Thursday. The EU executive’s statistics agency, in a report released here, said that the country’s average per...
Economy
Use of Plastic Money Has Favorable Growth Prospects in Greece
The use of plastic money has very favorable growth prospects in Greece, while helping in the battle against tax evasion, as the use of credit/debit cards significantly lags behind the Eurozone and EU average rates.
An Athens-Macedonian News Agency report, based...
Economy
Greece Ranks Low on OECD's World Education Rankings
The latest Organization for Economic Co-operation and Development (OECD) report on education, the largest worldwide ranking regarding school systems that has ever been conducted, found that Asian countries have the best educational systems in the world. Furthermore, the report noted that...
Economy
Net Revenues Surpassed Targets in March, Greek Deputy FinMin Mardas Reports
Net budget revenues significantly surpassed targets to total 4.232 billion euros in March, from a target of 3.16 billion, Greek Deputy Finance Minister Dimitris Mardas said.
Speaking to reporters, Mardas pledged that the government will continue paying wages and pensions, and...
Economy
IMF Forecasts Higher Growth for Greek Economy in 2015
The Greek economy is expected to grow faster, while fiscal deficit will fall further and unemployment will decline this year, the International Monetary Fund (IMF) said in its World Economic Outlook report.
IMF is expecting Greek GDP to grow from...
Economy
Deputy FinMin: Greece's Debt Rose to 185% of GDP in 2014
Greece's public debt increased to 185% of GDP in 2014, Deputy Finance Minister Dimitris Mardas said in a press briefing on Wednesday, presenting figures from the state's General Accounting Office.
He expressed his concern over the debt's upward trend, stressing that it...