Features
EU main destination for exports in 2019, fuel and pharmaceuticals lead way
Greece enjoyed a record year for exports in absolute terms according to research released by the Panhellenic Exporters Association (PSA) combining data from the Hellenic Statistical Agency (ELSTAT).
Hotel industry sees investment in high-end units, but hampered by seasonality
The Greek hotel sector reported strong performance in 2019 with revenues rising by 7.3 percent year-on-year (YoY) according to data presented by the Hellenic Chamber of Hotels (HCH).
New businesses lowest in Greece versus EU with funding obstacles burdening enterprises
The creation of new enterprises in Greece is the lowest in the European Union (EU) according to data from Eurostat, tracking the growth of new businesses in 2017.
Retail market suffers drop in crisis era, shows consolidation towards larger businesses
Greece’s retail market suffered a loss of over 14 billion euros across the crisis years according to data presented by the Hellenic Confederation of Entrepreneurship and Commerce (ESEE).
Rise of exports slowed in 2019, with goods suffering dip
Greek exports appear to be undergoing a slowdown according to the latest export figures available, showing that in 2019, exports of goods grew by only 1 percent year-on-year (YoY).
Bumper year for business launches in 2019, according to registry
Data from the General Commercial Register database (GEMI) has shown that the number of companies launching as opposed to closing hit record levels in 2019.
Promises and challenges of Greece's "green new deal"
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Recent announcements promise a radical shake-up of the Greek power sector, with the government pledging to put the country among the global leaders in the transition to a zero-carbon economy.
Hellinikon runs into another stumbling block as casino tender falters
The Hellinikon project appears to have run into delays again as complications have arisen in the tender for the permit to build a casino resort on the site of the former Athens airport.
IMF paper suggests shadow economy still thriving
A working paper from the International Monetary Fund (IMF) on the shadow economy of Europe has shown that the phenomenon continues to persist in the Greek economy.
BoG data shows drop in card usage in first half of 2019
The Bank of Greece (BoG) Financial Stability Report for December has shed light on a number of fiscal trends in Greece, including the rise in card transactions in 2019.