Another round of tax hikes and spending cuts, lumped together, are projected to reach 2.3 billion euros for 2017, according to information released ahead of the submission of the 2017 draft budget, which the leftist Greek government will submit to Parliament early next week. Moreover, the embattled Tsipras government will officially base next year’s budget […]
The Greek statistics authority ELSTAT has published its latest provisional figures regarding the country’s gross domestic product in the first quarter of 2016. According to ELSTAT’s seasonally adjust figures, in volume terms, the GDP decreased by 0.5% compared to the 4th quarter of 2015, against the 0.4% decrease that was calculated for first quarter the […]
The former Governor of the Bank of Greece Giorgos Provopoulos revealed that the in May 2008 he the head of the IMF’s mission to Greece at the time Bob Traa has estimated that Greece’s debts were over 800% of the GDP. According to Mr. Provopoulos, who made the revelation at the annual meeting of the […]
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 was a decrease of 0.2% in, with the GDP dropping from 185.5 billion euros in 2014 to 185.1 billion euros in 2015.
The Greek statistics authority ELSTAT has published its latest flash estimates on the gross domestic product (GDP) for the final quarter of 2015. According to ELSTAT’s figures, the GDP decreased by 0.6% in comparison with the 3 rd quarter of 2015, while it decreased by 1.9% in comparison with the 4th quarter of 2014. Furthermore, […]
The imminent reform in the Greek pension system will be accompanied by a series of measures that aim to save about 1 billion euros, claims an article in the Naftemporikinewspaper. Specifically, the Greek government must include measures that amount to 0.25% of the GDP for 2015 (about 425 million euros) and 1% of the GDP […]