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Time running out for Golden Visa as housing problems increase
Agoraof foreign funds has flowed into the Greek property market via the Golden Visa scheme. Based on data from... was more than 5 pct according to Bank of Greece data. Ahead of last year’s general elections
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Labour database shows 8 in 10 workers earn less than 1,200 per month
EconomyThe annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers..., then Crete with 123,975. The earnings data highlights the financial challenges faced by many
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Trade deficit drops by 20 pct in 2023 despite contraction of exports
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 11.3 percent year-on-year (YoY) in December, after a decline of 28.6 percent in November, according to data released by ELSTAT on Wednesday. The deficit came... and ships, the trade deficit decreased by 4.1 percent YoY in December, to 2 billion euros. The data
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Industrial production concluded 2023 with modest annual growth of 2.2 pct
EconomyMacroeconomyAuthority (ELSTAT) data released on Friday. The index had been growing in the first five months of 2023... in December, according to S&P Global data released on Thursday. The conditions in the Greek manufacturing
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Is Greece on track to decouple from fossil gas?
Agorastates, behind only Finland, Sweden and Estonia. The data of the Hellenic Gas Transmission System.... DESFA's data, however, show that LNG imports to Greece in 2022, which were entirely carried out
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PMI records further gains in Feb, sector confidence almost at two-year high
EconomyMacroeconomyGreece’s Manufacturing PMI continued recording gains in February, rising to 55.7 points from 54.7 points in January, according to S&P Global data released on Friday. The conditions in the Greek... running and was the strongest for two years. February data had the fastest rise in new sales since
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Unemployment rate climbs back above 10 pct in Jan
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed above 10 percent in January, landing at 10.4 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. December’s unemployment... the rate in the 25-74 years bracket was 9.7 percent. The latest available data from the Labour
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Catering and retail contribute to worst employment balance on record in Jan
EconomyMacroeconomyGreece’s employment balance was negative in January, with 31,977 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in January last... January a record since data is reported. Total hirings in January came to 195,001 versus 226,998
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Trade deficit rises by 2.7 pct in Jan, as exports continue to fall sharply
EconomyMacroeconomyGreece’s trade deficit recorded a rise of 2.7 percent year-on-year (YoY) in January, after a decline of 11.3 percent in December, according to data released by ELSTAT on Friday. The deficit came..., the trade deficit increased by 3.1 percent YoY in January, to 1.93 billion euros. The data for the full
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Unemployment increases MoM in Feb, rising to 11 pct
EconomyMacroeconomyAuthority (ELSTAT) data showed on Monday. In February last year, the unemployment rate was 11.2... was 10.3 percent. The latest available data from the Labour Ministry’s Ergani database showed
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