Greece

Food prices keep increasing while household incomes are strikingly low, according to data recently published by Eurostat. The European statistical agency says that food prices in Greece have seen a general increase of 2.3 percent from last year, while the...

Food, housing, and transport costs absorb the bulk of household expenditure in Greece, according to the latest survey of the independent Hellenic Statistical Service (ELSTAT) released on Friday. The survey shows that Greeks have the second largest private health spending in...

Greek families that have seen their household incomes butchered noted an even greater reduction according to data released by the Hellenic Statistical Authority (ELSTAT). The latest figures show that consumer spending decreased by 1.1 percent dropping from 32.2 billion...

Greek households' living conditions and ability to maintain property to cover basic housing needs are behind other member states of the European Union. Information from the European Federation of National Organisations Working with the Homeleess (FEANTSA) gives an overview of...

After hours of negotiating, Greece and creditors agreed that only the poorer families unable to pay their mortgages will save their homes from foreclosure, the measure applying to about 25 percent of people in debt. The meeting between Finance Minister...

Around half of Greece’s households were forced to survive with less than €800 per month in 2012, as revealed by recent Greek tax office numbers. According to the data published by the Greek newspaper “Kathimerini,” 2,751,856 taxpayers with their spouses...

The severity of Greece's crushing economic crisis and austerity measures demanded by international lenders has drastically cut the incomes of more than 90 percent of Greek households, with an average drop of 38 percent. The startling numbers that illustrated how...

Greek Prime Minister Antonis Samaras on Tuesday dismissed talk his government would slap a top tax rate on middle incomes in an effort to bridge a rift in his ruling coalition over a tax reform bill demanded by the...

Greece's economic recovery is expected to maintain its momentum, with the country's Gross Domestic Product (GDP) rising by 2.0 percent or slightly more in 2019 and 2020 after an 1.9 percent growth rate in 2018. These latest figures come...

Climate change will cost the Greek economy €701 billion cumulatively by 2100, Bank of Greece governor Yiannis Stournaras said on Monday during a conference on sustainable development. According to an analysis that quantifies and classifies the expected climatic risks for...

  According to figures released by Eurostat on Monday, the Greek real estate market is on a steady year-on-year decline over the last quarter of 2016. Bank of Greece statistics reveal that property rates in Greece have decreased by 0.6...

Greek authorities have raided the home of a former local boss of UBS investment bank as part of an extensive investigation into suspected tax evasion. Hellenic Police raided the home of Christos Sclavounis in Athens and took away computers, documents and...

The number of people who cashed in savings-based insurance policies early reached a record high in 2015, showing the decline of the insurance market in Greece, a Kathimerini report says. As disposable incomes dwindle after the onset of the economic...

Greece has until the end of the week to resolve the pending issues required for the first review of the bailout program that would unlock further financial aid and funds for bank recapitalization. "We await the finalization of all the...

Owners in Greece have reduced even by half the rental prices of their properties, in order to attract tenants. During the last three years an overall fall in rental prices of about 40% has been reported. According to real estate...