Car acquisitions were significantly reduced during April 2012 in comparison to last year’s figures, according to data by the Hellenic Statistical Authority (ELSTAT). Passenger car purchases were reduced by 55.6% in April in comparison to April 2011, while in April 2011 the same decline rate was 17.1%, in comparison to April 2010. The decline in [...]
Tag Archives | ELSTAT
Greece’s Budget Deficit Reached 9.1pct of GDP in 2011
Greece’s budget deficit reached 9.1 percent of gross domestic product (GDP) last year, in line with expectations, compared to a downwardly revised shortfall of 10.3 percent in 2010, the country’s statistics service ELSTAT said on Monday. “According to provisional data, the deficit of the general government, as measured under the excessive deficit procedure (EDP) is [...]
Jobless Rate Hits New Record in Q4
Greece’s jobless rate rose to a fresh quarterly record of 20.7 percent in the last three months of 2012, reflecting the country’s deep economic malaise, exacerbated by austerity to repair public finances and emerge from a debt crisis. On Thursday, statistics agency ELSTAT data showed jobs being shed at a fast pace as unemployment rose [...]
Greece’s Lost Generation: 51.5% Out of Work
ATHENS – Austerity measures imposed by international lenders in return for bailouts to keep the country from defaulting are taking their toll on Greek workers, with 21 percent now out of work – and 51.5 percent of those under 25 unemployed, again setting records. Numbers from Greece’s statistics agency ELSTAT said the overall jobless rate [...]
Greek Economy Slumps Further In Fourth Quarter
Greece was plunging deeper into recession at the close of last year, documenting the devastation of the country’s economy even before new austerity plans are implemented in the months ahead. Greece’s gross domestic product contracted by an annual rate of 7% when adjusted for inflation, according to preliminary data reported by the Greek government statistics [...]
Cuts Drive Greek Unemployment to Record High
Greece’s unemployment rate rose in November to a record high, while declining industrial production in December indicated a deepening economic contraction in the final quarter. The unemployment rate rose to 20.9 percent, from 18.2 percent the previous month, the Hellenic Statistical Authority said today in an e-mailed statement. The November rate was the highest since [...]
ELSTAT: Arrivals from Abroad Increased by 10.4%
According to the Border Statistical Survey conducted by the Bank of Greece, in the period from January to September of 2011, arrivals of non-residents from abroad increased by 10,4%, compared to the same period in 2010. More specifically, arrivals from Europe, which account for the majority of arrivals of non-residents to Greece (90,0%), registered an [...]
Greek Prosecutor Wants Papandreou Investigated
ATHENS – Former Prime Minister George Papandreou should be investigated to see if there was any wrongdoing in how he handled the country’s economic crisis and imposed waves of pay cuts, tax hikes, slashed pensions and layoffs of public workers on the demands of international lenders providing the country with rescue loans, the prosecutor probing [...]
ELSTAT False Deficit Case Reaches Supreme Court of Greece
On Friday, financial prosecutor Grigoris Peponis submitted his initial findings on the Hellenic Statistical Authority (ELSTAT) case file to the country’s Supreme Court. According to a former employee of ELSTAT, Zoe Georganta, the statistics service had “cooked” the country’s public deficit numbers in order for the government to impose harsher austerity measures. Mrs. Georganta’s allegations [...]
Greek Inflation Rose by 2.4% in December 2011
Greece’s EU harmonized inflation eased to the lowest in four months in December, data released by the Hellenic Statistical Authority showed Wednesday. The harmonized index of consumer prices (HICP) increased 2.2 percent on an annual basis in December, slower than the 2.8 percent growth seen in November. The latest figure was the lowest since August, [...]
Greek Prosecutors Say Middlemen Interfered in Their Cases
ATHENS – Two Greek financial prosecutors who earlier resigned after complaining about political interference with their work – and then quickly returned – have stated that politicians and business executives used go-betweens to pressure them to speed up or drop cases they were investigating, but still did not name the go-betweens despite earlier promises. Grigoris [...]
Motor Vehicle Sales Fall Sharply In 2011
For the fourth year in a row, automobile sales continue their downward spiral in Greece. According to the Hellenic Statistical Authority (ELSTAT), vehicles sales in 2011 fell by 31.3%. Car sales showed a general 30% decline in 2011, despite new benefits for withdrawing older cars from circulation and attractive prices that boosted the December sales [...]
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05 / 24 EU Leaders Tell Greek Voters to Make “The Right Choice”
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05 / 23 A Crisis of Democracy: Greece
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05 / 23 Fearing Eurozone Exit, More Greeks Stop Paying Taxes
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05 / 23 Market Watch: ‘If Greece Exits Eurozone, Replace It With Turkey’
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05 / 23 Pilot Program Allows Immediate Visa for Turkish Tourists on Arrival to Greek Islands
Calendar – Exhibits, Concerts, Fun
- Thessaloniki: 50 Year Anniversary Commemorated of Seferis Literature Nobel Prize May 23, 2012
- ‘Doctors of the World’ International Conference to be Held in Greece May 22, 2012
- Crete is a Mediterranean ‘Treasure’ of Aromatic Plants and Herbs May 22, 2012
- Crete to Export Products to Australia May 21, 2012
Salonica
19°
