Tag: Economy

Greece: Key axes of development policy for economy were presented at government’s Economic Policy Council
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Greece: Key axes of development policy for economy were presented at government’s Economic Policy Council

Panos - Feb 19, 2020

The government’s Economic Policy Council convened on Tuesday, under Prime Minister Kyriakos Mitsotakis. During the meeting, the key points of the new development strategy for the Greek…

Where is the global economy headed?
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Where is the global economy headed?

Panos - Jan 21, 2020

As world leaders are descending on Davos, Switzerland for the World Economic Forum’s 50th annual summit, experts are struggling to figure out where the world economy is…

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Conference on ‘Shipping Economy & Greek Growth in Thessaloniki’ on Friday

Panos - Apr 05, 2019

The Maritime Economic Forum, an initiative by local NGOs and Thessaloniki residents, will host its inaugural conference in the northern Greece city on Friday, on the issue…

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Greek economy minister set to visit Australia to seek investors

makis - Nov 09, 2017

Enterprise Greece will be in Australia for a roadshow to promote investments in and exports from Greece. Leading the deployment will be the Minister of Economy, Development…

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Greece’s shadow economy is 21.5% of GDP, says German IAW

Panos - Aug 31, 2017

Some countries have much larger shadow or unofficial economies than others. Greece’s shadow economy is worth over a fifth of its total output, and Italy’s isn’t far…

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BoG: Clear risk to the economy from the endless negotiations

makis - Mar 27, 2017

Central banker Yannis Stournaras warned on Monday of the risk of a full reversal of the economy’s course as the delays in the completion of the bailout…

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Greek economy flat last year, stats service says

makis - Mar 08, 2017

Greek economic growth was flat last year, the country's statistics service ELSTAT said on Wednesday, releasing its first estimate of full-year 2016 gross domestic product. It said…

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Greek economy contracts 0.4 percent in fourth quarter

makis - Feb 14, 2017

Greece’s economy shrank by 0.4 percent in October-to-December compared to the third quarter when gross domestic product grew by an upwardly revised 0.9 percent, the country's statistics…

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Greek economy contracts in first 6-month term of 2016

makis - Aug 15, 2016

The Greek economy remained in recession for the second 6-month term of 2016 , according to the official data released by the Greek Statistical Services (ELSTAT). The…

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Summer break to be short-lived as negotiations loom

chris1 - Aug 07, 2016

The break that government ministers and MPs are set to take next week will be short-lived as the next phase of negotiations with international creditors in September…

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Fiscal targets a priority for government

chris1 - Jul 24, 2016

The Finance Ministry is preparing a study it plans to show Greece’s lenders when representatives return to Athens in September for the start of the next bailout…

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ND renews call for Plan X inquiry as Galbraith points to PM’s role

chris1 - Jul 10, 2016

Greece’s conservative opposition has reiterated a demand for a parliamentary inquiry into the events leading up to the country’s third bailout agreement and, in particular, the so-called…

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Greece’s fragile economy expected to take another hit, this time from British vote to leave EU

Sokratis - Jun 25, 2016

Sources from the Bank of Greece assured Friday that the country would only suffer a small impact from the United Kingdom’s departure from the European Union thanks…

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OECD: Greece needs to recover growth to address economic

ilias1 - Mar 12, 2016

Boosting economic growth and investment to create jobs, improving the stability of public finances and providing an effective social safety net are crucial to help Greece recover…

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Economy returned to contraction in 2015, shrinking 0.2 pct

Sokratis - Mar 05, 2016

Greece returned to recession last year, the Hellenic Statistical Authority (ELSTAT) confirmed on Friday, as gross domestic product declined 0.2 percent to 185 billion euros from 185.5…

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ELSTAT documents 0.2% recession in the Greek economy during 2015

makis - Mar 04, 2016

The Greek statistics authority ELSTAT has published its first estimates on the gross domestic product in Greece for 2015. According to ELSTAT’s figures, in volume terms, there…

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Greek economy shrank 0.3 percent last year but expanded toward end

makis - Feb 29, 2016

Greece's economy expanded slightly in the last three months of 2015, the country's statistics service said on Monday, revising flash estimates of a 0.6 percent decline and…

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Greek economy grows 0.1 percent quarter-on-quarter in fourth quarter

Panos - Feb 29, 2016

Greece's economy expanded by 0.1 percent in last year's final quarter versus a previously estimated 0.6 contraction, data by the country's statistics service ELSTAT showed on Monday.…

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Greek economy to shrink by 1.5 pct this year, IOBE

makis - Jan 21, 2016

The Greek economy will return from negative to positive growth rates in the middle of 2016 for an annual recession rate of 1.5 pct this year, Nikos…

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Regling warns bailout review delay may affect liquidity in Greek economy

makis - Jan 15, 2016

The head of the European Stability Mechanism Klaus Regling warned that delays in carrying out the review of the Greek bailout program may result in postponing the…