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CPI stable at 7 pct in Jan as food inflation persists
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) remained broadly unchanged at the start of 2023, rising by 7 percent year-on-year in January, after increasing by 7.2 percent in December, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Strong rise in food sales pushes 7 pct YoY increase in Jan retail
EconomyMacroeconomyThe growth of Greece’s retail sales jumped by 7 percent year-on-year (YoY) in January, after a rise of 6.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index also rose by 4.5 percent YoY, from a 4.7 percent increase
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Labour database shows 8 in 10 workers earn less than 1,200 per month
Economythan 10 workers, some 262,634 companies out of a total of 298,255. Around 10 pct employ between 11... of the share. In 2023, SMEs increased by roughly 3,300, with 2,505 coming from companies with up to 10... of employment is accounted for by companies with between 10 and 49 staff. This means that SMEs have a combined
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Greece positions itself as a pillar of European and NATO security
PoliticsForeign Policyof the European debate lies Article 42(7) of the Treaty on European Union (the mutual defence clause), which... facto, if not de jure activation of Article 42(7), the mutual assistance clause of the EU.” But even....” In a post on X, Whitaker hailed Greece as a “steadfast NATO ally,” offering “premier naval facilities
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Newsletter 400 - 03/11/2023
the social media platform X. Lianos, who was appointed by the current government, clarified... that seven in 10 of the self-employed are declaring incomes below the tax-free threshold. Another facet... on the pandemic and over 10 billion euros on energy subsidies. With the escape clause expiring
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SYRIZA calls for vote of no confidence, as PM's apology over storm chaos fails to chime
PoliticsGreek Politicsindividual motorists who ignored weather warnings than SYRIZA supporters (15 pct, 10 pct and 1 pct... the highway managers and 7 pct who blamed motorists. Asked to comment on the compensation agreed by the road...’ Protection and Interior. Earlier this week, the party joked in an announcement that dismissing all
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Newsletter 389 - 14/07/2023
than two candidates in the first ballot) to be held on September 10. This would be followed... the GLF loans. When combined with the bond exchange, Greece will have cleared some 7 billion euros... had a presence in the country for at least two consecutive years in the past 35 years. Interior
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Less than 10 pct of 99.97 bln overdue taxes deemed collectible by authorities
EconomyMacroeconomyeuros and under. Of the 4.2 million taxpayers with debts outstanding, around 525,000 owed up to 10 euros, over 337,000 owed between 10 and 50 euros and 1.3 million owed between 50 to 500 euros. The report... tax, authorities believe that just 9.8 billion, or under 10 percent, will be collectible. Of the 9.8
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Employment data for 2021 shows 88.3 pct of firms have up to 10 staff, 1 in 5 workers earns below 500 euros
Economyof 12,479. A portion of 88.3 pct employs between 1-10 staff, with another 10 pct of companies... 98 pct. The figures are in line with the 2020 data, when 88.5 pct of companies hired under 10 staff... that have between 10 and 49 employees. The second highest portion is almost 26 pct of private sector
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Greece and Cyprus gain strategic weight amid Middle East turmoil
PoliticsForeign Policyof the mutual defence clause provided for in Article 42(7) of the Treaty on European Union... to the carrier by helicopter. In a statement posted on X, Macron declared: “We did not seek this war
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