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Economy

English Edition

Hellenic Statistical Authority: Greek economy grew by 2.8% in third quarter

Hellenic Statistical Authority: Greek economy grew by 2.8% in third quarter The Greek economy grew by 2.8% in the third quarter of the year compared with the same period in 2021 but fell by 0.5% on a quarterly basis compared with the second quarter, Hellenic Statistical Authority said on Wednesday, ANA reports. More specifically, on a […]

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Greek economy grew by 2.8% in third quarter

Greek economy grew by 2.8% in third quarter The Greek economy grew by 2.8% in the third quarter of the year compared with the same period in 2021, but fell by 0.5% on a quarterly basis compared with the second quarter, Hellenic Statistical Authority said on Wednesday. The Greek economy grew by 2.8% in the […]

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Greeceis leading by Example – Bullish on stocks

Greeceis leading by Example – Bullish on stocks Jefferies characterizes the Greek economy as “leading by” in its report on the prospects of the European economy, in which special reference is made to the inflationary shock. Especially for Greece, the investnent firm states that “it is at the top and sets an example” “Greece rewarded […]

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English Edition

Greek Superfund: Award for Circular Economy practices

Greek Superfund: Award for Circular Economy practices Greece’s so-called Superfund received the Circular Economy best practice award from Circle The Med Forum. This is the second year of awarding the awards that recognize companies that have developed, designed or implemented positive actions and good practices in one or more of the six pillars of the […]

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English Edition

NY Capital Link Forum to Address Economy, Investments in Greece

NY Capital Link Forum to Address Economy, Investments in Greece “Sustaining Growth & Investment Momentum” is the title of this year’s flagship forum. Credit: Facebook/Capital Link The prospects for the Greek economy and investments will be at the forefront of the discussions at the Capital Link Invest in Greece Forum which will be held at the Metropolitan […]

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English Edition

It’s not just the economy, stupid!

It’s not just the economy, stupid! An interesting debate has picked up in recent months: What will decide the Greek election? The economy or the wiretapping scandal? Certain pundits have presented this dilemma in an attempt to forge a collective attitude, as it were, that can be summed up as the apotheosis of the cynical […]

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English Edition

FinMin: Greek economy showing high resilience

FinMin: Greek economy showing high resilience Greece is growing strongly in 2022 amid difficult circumstances, demonstrating higher resilience than the European average, Finance Minister Christos Staikouras said on Tuesday in the context of the 5th Athens Investment Forum, titled “Sustainable Development and Digital Transformation,” held at the Athens Concert Hall and co-organized by the Technical […]

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English Edition

State aid and the shadow economy

State aid and the shadow economy The dominant feature of the conservative government’s economic policy over the past three years has been subsidizing households and businesses experiencing financial hardship. The Covid-19 pandemic and the unprecedented challenges that it has presented, the energy crisis and the rising prices of food and other commodities prompted extended state […]

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English Edition

Positive employment balance in Jan-Oct

Positive employment balance in Jan-Oct The balance of employment flows in the Greek economy was positive in the January-October period despite a negative balance in October – a typical phenomenon related to the end of the summer tourism season, the Labor Ministry’s online employment register (Ergani) showed, the ministry said in a report on Thursday. […]

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English Edition

Employment flows balance positive in Jan-Oct

Employment flows balance positive in Jan-Oct The balance of employment flows in the Greek economy was positive in the January-October period despite a negative balance in October – a typical phenomenon related with the end of the tourist season, “Ergani” IT said in a report. More specifically, new hirings totaled 2,505,189 in the 10-month period, […]

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English Edition

Greek economy: The General Index of Import Prices in Industry recorded a jump of 25.2% in September

Greek economy: The General Index of Import Prices in Industry recorded a jump of 25.2% in September The Overall Import Price Index (MPI) in Industry with base year 2015=100.0 in September 2022 recorded an increase of 25.2% compared with September 2021. The corresponding index in September 2021 had recorded an increase of 26.0% compared with […]

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English Edition

Greek economy at better level than other European economies

Greek economy at better level than other European economies Nikos Vettas, Director General, IOBE and professor, Athens University of Economics, Grigoris D. Dimitriadis, managing director of the Superfund, Nikos Karamouzis, president, Grant Thornton and Haris Lambropoulos, president of the Hellenic Development Investment Bank, speaking at the Fortune Greece CEO Initiative, came to the common conclusion […]

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Politics

It’s the Economy… stupid

It’s the Economy… stupid Σε μια παρατεταμένη προεκλογική περίοδο που εκτυλίσσεται μέσα σε ένα περιβάλλον πληθωρισμού της τάξης του 10%, με τα νοικοκυριά να μην μπορούν να πληρώσουν παρά τις σημαντικές επιδοτήσεις το ρεύμα, τις μετακινήσεις, και τρόφιμα ενώ αφήνουν χρέη σε εφορία και τράπεζες είναι λογικό να κυριαρχούσε η οικονομία. Όχι ότι είναι ήσσονος […]

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English Edition

Nicosia presents national economy plan

Nicosia presents national economy plan The importance of the “Cyprus – Tomorrow” national plan was highlighted by the Cypriot government spokesperson and cabinet ministers who attended a special promotional event in Nicosia on Saturday. Spokesperson Marios Pelekanos told reporters this is a plan of historic importance for the country, a plan made by Cypriots for […]

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English Edition

Economy will determine election result

Economy will determine election result With the clock towards next year’s likely double election already ticking, it is becoming clearer every day that the result will hinge on the state of the economy. This is a tried, and perhaps tired, trope, but the saying that “the economy elects governments” has an especially pertinent salience as […]

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English Edition

Bank of Greece chief: Economy to grow 6% in 2022

Bank of Greece chief: Economy to grow 6% in 2022 The Bank of Greece (BoG) revised its growth outlook to 6 percent for 2022 because of the high returns from tourism, bank governor Yannis Stournaras said on Friday in an interview, ANA reports. In the interview, the chief of Greece’s central bank also called for […]

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English Edition

Cyprus criticizes resistance to digital shift

Cyprus criticizes resistance to digital shift The biggest problem the Cypriot economy faces in the effort for digital transformation is resistance to change, Cyprus’ Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos said on Monday in the Parliament in Nicosia, where he presented his department’s budget for 2023 and the work it has […]

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English Edition

Cartoon (01/11/2022)

Cartoon (01/11/2022) Politics Economy Source : Ilias Makris Σύνδεσμος

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Inflation hits new record in Europe, slowing economy

Inflation hits new record in Europe, slowing economy Inflation hit a new record in the 19 countries that use the euro currency, fueled by out-of-control prices for natural gas and electricity due to Russia’s war in Ukraine. Economic growth also slowed ahead of what economists fear is a looming recession, largely as a result of […]

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English Edition

Demand for mortgages flags

Demand for mortgages flags The first consequences of increased uncertainty in the economy are reflected in Bank of Greece data on financing conditions for the coming quarter, with a decline in demand for housing loans due to a deterioration in consumer confidence. Findings on demand from the business side point to things moving in the […]

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English Edition

Jefferies predicts ‘shallow’ contraction – recession for Greek economy in 2023 after strong growth in 2022

Jefferies predicts ‘shallow’ contraction – recession for Greek economy in 2023 after strong growth in 2022 Jefferies restated its positive (bullish) attitude towards the Greek market, noting that its confidence in the recovery of the economy was rewarded by the increase in tourist arrivals that strengthened the current account balance, as well as corporate results. […]

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Capital Economics: Greek economy resilient; GDP growth of 6.5% forecast for 2022

Capital Economics: Greek economy resilient; GDP growth of 6.5% forecast for 2022 After a predicted GDP growth rate of 6.5 percent in 2022, the Greek economy will significantly slow down in 2023, with Capital Economics forecasting zero growth next year, as both external and domestic demand will shrink. However, Capital Economics foresees that the downturn […]

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English Edition

EU faces battle to keep energy prices from tanking economy

EU faces battle to keep energy prices from tanking economy European Union leaders enter a crucial stretch this week to make sure runaway energy prices and short supplies do not further tank their struggling economies and foment unrest. At the same time, they need to keep all 27 members united in their opposition to Russian […]

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English Edition

Staikouras at IMF: Greek economy is resilient

Staikouras at IMF: Greek economy is resilient Finance Minister Christos Staikouras sent a message on Thursday that the Greek economy is resilient to the shocks caused by an increasingly unfavorable international environment. Staikouras was participating in the Fall Meeting of the International Monetary Fund in Washington, which ends on Sunday. The Greek minister saw that […]

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English Edition

IMF sees Greece outperforming

IMF sees Greece outperforming With more than a third of the global economy expected to fall into recession this year or in 2023, the International Monetary Fund projected on Tuesday that Greece will keep its gross domestic product in positive territory next year, although not as high as the government expects. “The worst is yet […]

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English Edition

Greek PM: Major infrastructure projects boost economy and improve lives

Greek PM: Major infrastructure projects boost economy and improve lives Greek Prime Minister Kyriakos Mitsotakis referred to the major infrastructure projects that are currently being completed or are in progress during his greeting on Monday at the opening of the three new metro stations in Piraeus, which complete Line 3 and connect the country’s largest […]

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English Edition

Painting Europe into a corner

Painting Europe into a corner Geopolitics takes precedence over the economy in times of war. History stands above logistics. This is something the German leadership should have been the first to understand when it allowed energy and economic interests to undermine action against the Russian threat, especially after the annexation of Crimea. Berlin’s shortsighted economic […]

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Inflationary economy, inflationary rhetoric

Inflationary economy, inflationary rhetoric While Europe and the whole world are living with the anxiety of a nuclear “accident,” which may be caused by the vindictive revisionism of Russian President Vladimir Putin, Greece is living with the anxiety of a another “accident,” which could be caused by the expansionist, Ottoman-inspired revisionism of Turkish President Recep […]

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English Edition

A compass in the fog

A compass in the fog It is not easy to combine fiscal discipline with support for the economy in the midst of an energy crisis. Data from both the current and the next Greek budget show that the difficult balance can be maintained.  So far, the Greek economy appears to have the greatest resilience in […]

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English Edition

On the right track

On the right track The announcement of a major investment by yet another giant of the digital economy is ample proof that Greece is on the right track for attaining its much-vaunted goal to introduce a new development model. To make sure that nothing interrupts this momentum and nothing endangers these first, important achievements, it […]

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