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Greece

IOBE Survey Shows Slight Increase in Economic Sentiment Following Second Bailout Review

According to the monthly survey by the Foundation for Economic and Industrial Research (IOBE), following the second bailout review there has been a slower than expected increase in business and consumers' economic sentiment. The IOBE report, which was released on...

IOBE: Greek Economy to Grow Only 1.5% This Year

The latest forecast from IOBE think tank estimates that Greece's economy will only grow by up to 1.5% this year, lower than initially expected due to the country's delayed bailout review. Initial projections by IOBE were at 1.5 to 1.8...

IOBE Warns New Tax Hikes on Tobacco Products Will Cause Loss of €100 Million Euros State Revenue

On Monday a new report by the Foundation for Economic and Industrial Research (IOBE) warned that the new tax hike to be placed on tobacco products starting January 1, 2017 will actually cause a 100 million euro annual loss in...

IOBE Forecasts Greece GDP Recession at 1% for 2016

On Wednesday the Foundation for Economic and Industrial Research (IOBE) released a gloomy report, predicting that Greece will suffer a contraction of 1 percent of its gross domestic product in 2016, according to ekathimerini.com. The IOBE stressed that Greece must...

Privatization of Piraeus Port Will Produce Major Economic Benefits, According to IOBE Study

Greece’s Foundation for Economic & Industrial Research (ΙΟΒΕ) has just released a study regarding the economic effects from the controversial privatization of Piraeus port. According to the study, tilted appropriately “Economics Effects From the Privatization of Piraeus Port,” some 500...

Greek Think Tank IOBE Estimates 1.5%-2% Recession in 2015 for Greece

The Greek think-tank, Foundation for Economic & Industrial Research (IOBE) released its third quarterly report for 2015 on the current state and future of the Greek economy. The think tank highlighted that significant reforms must be undertaken for the Greek economy to recover, noting the...

IOBE Says Greek Economy Will Grow by 0.7%

The Foundation for Economic and Industrial Research (IOBE) reported on Wednesday that the Greek economy should grow by 0.7% this year but the increasing unemployment rate is likely to drop less than originally estimated. IOBE, Greece's leading economic think tank, had earlier predicted a small growth for...

IOBE Survey on Structural Reforms

A survey commissioned by the Foundation for Economic and Industrial Research (IOBE) and The Boston Consulting Group, entitled “The role of structural reforms and the prospects of the Greek economy” found that Greece has yet to establish a strong...

IOBE: Economic Growth and Decreased Unemployment in 2014

The Greek Foundation of Economic and Industrial Research (IOBE) presented  its report on the Greek economy for the first quarter of 2014 on Wednesday, April 16. According to the report, the Greek economy will stabilize, and may even grow slightly, after several years of...

IOBE: Recovery of the Greek Economy

The Foundation for Economic and Industrial Research (IOBE) presented its latest report on the Greek economy today with positive estimations showing a slight decline in the recession and unemployment. IOBE estimates that the recession of the Greek economy this year...

Greek Ministries, IOBE Bomb Targets

The Foundation For Economic & Industrial Research (IOBE) and the Ministry for Environment, Physical Planning and Public Works were targeted with gas canisters at 3 a.m. The first attack occurred in the New World, Athens, in the IOBE building. The...

IOBE Says Recession, Jobless Rate Getting Worse

As Prime Minister Antonis Samaras said the country's economy could begin to rebound within a year, there are signs it's getting worse for now. The leading think tank the Foundation for Economic and Industrial Research (IOBE,) which produced Finance Minister...

Economic Sentiment Dips to 7-Month Low in June – IOBE

Economic sentiment in Greece fell to a seven month low in June as uncertainty stemming from the country's elections weighed heavily on business activity, the Foundation for Economic and Industrial Research said Wednesday. "It is clear that uncertainties during the...

Economy to Shrink 5% this Year, Unemployment at 20% – Greek Research Group IOBE

Greece's economy will shrink 5 percent this year and unemployment will hit 20 percent, hampering efforts to meet fiscal targets, the country's most prestigious think tank (IOBE) said in its quarterly review on Monday. The Foundation for Economic and Industrial...

Greece Appoints Internationally-Recognized Experts to Shape Nation's Growth Plan

The Greek government announced on Thursday the formation of a special commission to draft a new "Growth Plan" for the Greek economy. The commission includes economists and executives who will combine their accumulated academic knowledge, international acumen, market knowledge and...