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ELSTAT

ELSTAT: Average Greek Retires Before 58

The average retirement age in Greece stands at just 57 years and eight months, quoting a survey conducted by the Hellenic Statistical Authority (ELSTAT). The survey used a sample from the quarterly work force report from the April-June 2012 period...

Greece Among European Countries with Poorest Living Conditions

According to data released by the Hellenic Statistics Service (ELSTAT), Greece "won" 6th place among 30 European countries in a survey concerning material deprivation and poverty. As ELSTAT reported, 76.3% of the poor population and 30.8% of the non-poor claim...

Unemployment in Greece Reaches Record Rate

According to data released on Wednesday by the Greek Statistics Service, unemployment in Greece has reached the historical level of 27.4%. Unemployment rate increased by 0.1% compared to August (27.3%) and by 1.4% compared to September, 2012 (26%). The number of...

Greece Unemployment Stays at 27.3%

Greece's record jobless rate was stuck for a second month in August at 27.3 percent - some 60.6 percent for those under 25 - leading the government to say that it's a "sign of recovery" because it hasn't gone...

2% Deflation in Greece

A 2% decrease in inflation was found this October, compared to a 1.1% decrease in September and 1.6% increase on October last year. Data collected from the Hellenic Statistical Authority (ELSTAT) reported that deflation was recorded for the eighth...

Greece: EU's Third Worst in Education Spending

Negative data recorded in the report of the EU’s Observatory for Education and Training included: significant reduction in the dispenses for education, high rates of school dropouts for foreign students (outside EU); negative records of graduate employment; not...

ELSTAT: Drop in Greek Household Disposable Income

Since the country entered into recession, Greeks get poorer year by year. The austerity measures haven't yet brought the promised growth, and unemployment hits record rates, while Greeks struggle to make a living. According to a Hellenic Statistical Authority (ELSTAT) report,...

Greek Jobless Rate Seen Hitting 34%

Greek Prime Minister Antonis Samaras' hope of getting the shattered economy back on track as soon as next year is being undercut by a problem even said seems perhaps the biggest challenge, the record unemployment rate, that a study...

Fake Greek Yogurt Wins German Palates

German taste for Greek-style yogurt is growing - not for the genuine article made in Greece - but by copycats trying to cash in in the craze for the thick, creamy product that has been sweeping the U.S. too. In...

Mixed Results from VAT Cut in Catering

Greek consumers only benefited marginally from the value-added tax reduction in prices at food outlets last month, as according to data presented on Monday by the Hellenic Statistical Authority (ELSTAT), the price index in the Hotels-Cafes-Restaurants category declined by...