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Greece

Greece Still Among Eurozone States With Very High Taxes on Consumption

According to a recent study conducted by the ''Tax Foundation'' think tank, Greece is still among those Eurozone member states that impose the highest taxes on consumption. Taxes on consumption are traditionally the highest in Europe, but after ten years...

Greeks Top List of Antibiotics Consumption in the World, OECD Finds

Greeks topped the list for prescription and consumption of antibiotics in an annual Health report by the Organisation for Economic Co-operation and Development (OECD) published on Friday. According to the data, more than 35 prescriptions per 1,000 people are recorded...

Government to Scrap Controversial Wine Consumption Tax

After a long debate about the effectiveness of the highly unpopular measure, the government has decided to scrap the controversial special consumption tax on Greek wine. The measure, which not only did not meet revenue targets, but actually boosted illegal...

Greek Households Reduce Food Consumption by 27%; Wealth Declines to 40%

Crisis-stricken Greeks have seen their wealth decline by 40%, their income dropping 26% and food consumption reduced by 27% in a five-year period, a Bank of Greece study shows. The data applies to the 2009-2014 period and shows that annual...

Greece Ranks 2nd in Counterfeit and Contraband Consumption in EU

Greece continues to have the 2nd highest rate of C&C (Counterfeit and Contraband, including Illicit Whites) consumption in the EU, at 19% of total consumption, KPMG said in a Project Sun key findings report prepared for the Royal United...

Eurostat: Greece at 77% of EU's Actual Individual Consumption Per Capita Index

Greece is at 77 percent of the average European Union Actual Individual Consumption per capita index for 2016, Eurostat announced on Tuesday. The index measures the actual economic level of the living standards of European households. It is the most...

Production and Consumption of 'Halal' Meat in Greece on the Rise

Many Greeks don't know what "halal" means, but the production and consumption of halal meat in Greece is steadily on the rise. The impressive increase in the number of Muslims living in Greece due to migration is accompanied by foods...

Tsipras' Pretend Heroism Is for Internal Consumption Only

Greek Prime Minister Alexis Tsipras wore his Spring 2015 costume again and started acting like the leftist messiah who would change Greece and Europe. So, he started attacking the European Union institutions and the International Monetary Fund. You can...

Consumption of Staples Drops 5% as Greek Economy Slump Continues

The Greek economy is in ongoing recession with forecasts looking ominous for the sustainability of businesses, consumption and unemployment, a report says. According to a study by the Institute of Small Business of the Hellenic Confederation of Professionals, Craftsmen and...

OECD: Greece Among Countries with Less Alcohol Consumption Per Capita

A recent OECD report revealed that Lithuania has the highest per capita consumption of alcoholic beverages. On the other hand, Greece, occupies one of the lowest positions on this list. Specifically, Greece ranked 32nd among the 44 countries classified...

Consumption in Greece Relatively Normal Despite Economic Crisis

Actual Individual Consumption (AIC) in Greece was relatively high in 2014 reaching 83 percent of European Union average, according to Eurostat figures released on Tuesday. AIC is a measure of material welfare of households. It is expressed in Purchasing Power...

Alcohol Consumption in Greece Halved Due to Recession

It seems that Greeks cannot afford to drown their recession sorrows in booze, an Infobank Hellastat study showed. The figures released show a 45% decline in alcohol sales since the start of the recession in 2008, according to a report from...

Study: Cigarette Consumption in Greece Declines to 20 Bln Pieces

Fast Market Research, a leading company in the market research field, has conducted a study regarding cigarette consumption in Greece. The study, entitled "World Cigarettes Greece," focused on the way the cigarette market has evolved in the country over the last 12...

Greek Yogurt: Greece's Weapon of Mass Consumption Revealed

By Layla Eplett* - It’s official: Greek yogurt is all the rage. As Americans demand more Greek yogurt, Greeks demand more with yogurt–the economic crisis in Greece has led to a resurgence in yogurt protests. In the past few...

Annual Cigarette Consumption Rate Declines in Greece

The percentage of smokers and the annual cigarette consumption in Greece recorded a steady, notable and impressive decline in recent years, the National Coordinating Committee Against Smoking announced in a press conference on Wednesday. This marks the occasion of...