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ELSTAT

Greece Readies Debt Relief Plea

With a primary surplus in hand, Greece is set to ask the eurozone to approve some sort of relief from the 240 billion euros it has borrowed from international lenders, reportedly a 50-year repayment schedule, lower interest or an...

Top 10 Trades for Recruitment in the Economic Crisis

Despite Greece’s high unemployment rate and the relentless deterioration of working conditions due to the financial crisis, there are ten professions that have managed to survive. The Hellenic Statistical Authority (ELSTAT), after assessing employment data, listed the professions with the highest recruitment...

Greece’s Success Story is Killing People  

While Prime Minister Antonis Samaras and his cohorts were celebrating because Greece floated a bond, a 35-year-old woman fell – without floating – to her death when she jumped off a building in the western Athens neighborhood in Peristeri. That...

Samaras N.Y. Meeting With Dimon Opened Bond Market Door

Greece's successful, if cautious, return to the bond markets this month was the result of a secret, carefully-crafted meeting Prime Minister Antonis Samaras had in New York with investors, brokered by noted Greek-American financier Jamie Dimon, Chief Executive of...

Eurostat Fudged Greek Primary Surplus Figures

The European Union's statistics agency Eurostat has said it manipulated data to show that Greece has a primary surplus of 1.5 billion euros when in reality it still runs a deficit, but defended the fudge as a legitimate exception afforded none...

Greek Start-Ups Say They Can't Solve Jobless Problem

With Prime Minister Antonis Samaras saying small start-up companies can help Greece reduce the country's record unemployment rate, the entrepreneurs he's counting on say their businesses won't produce enough jobs to make a difference. The jobless rate is hovering around...

Salaries in the Greek Public Sector Reduced, Taxes Increased

Research by the Hellenic Statistical Authority (ELSTAT) into the Government’s general quarterly non-financial accounts, has again recorded the continuous reduction of salaries, and pensions of retired employees, and of the wider public sector, as well as a further reduction...

Greece's 2013 Budget Surplus 3.38bn Euros

Greece's primary budget surplus for 2013 was 3.38 billion euros ($4.46 billion) the Hellenic Statistical Authority (ELSTAT) reported, a result opening the door for the country to seek debt relief from its international lenders. Greece has been relying on two...

ELSTAT: How Much Does Greece Really Owe?

Greece's GDP shrank by 40 billion euros between 2010 and 2013 to 182 billion euros, and public debt amounted to 175% of that figure, or 318.7 billion euros, according to a Hellenic Statistical Authority (ELSTAT) report forwarded to Eurostat as notification of the excessive...

Half Greece's Industrial Sectors Report Recovery

Statistical authority ELSTAT data shows production increased in 12 of the 24 industrial sectors in Greece during the first two months of 2014, compared to the same period last year. This phenomenon is partly due to increased domestic demand, although industrial exports dipped slightly. ELSTAT reported manufacturing in Greece...