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ELSTAT

Greek Suicides Jump 43% During Crisis

From 2007-11 - just before and during Greece's crushing economic crisis, suicides soared 43 percent in a country which had one of the lowest rates in Europe prior to that, the statistical agency ELSTAT reported. There have been some public...

Big Tourism Bucks Slow Recession

With summer ending it won't last long, but Greece's record-breaking tourist year has put the brakes on a runaway recession - without stopping it. According to the country's statistical agency ELSTAT, the economy shrank 3.8 percent during the second...

Rising Food Prices Start Falling

With many food companies and supermarkets sticking to high prices until the country's crushing economic crisis and recession cut deeply into sales, the Hellenic Statistical Authority (ELSTA) said that trend has started to reverse with the prices of many...

Greek Unemployment Up Again – 27.6%

Greece's jobless rate is continuing its unrelenting rise, setting another record for May of 27.6 percent, up 0.6 from the previous reporting period and with nearly 1.4 million people out of work. The data came from the European Union's statistics...

Building Permits Fell 50.1% In May

The number of building permits that were published in May 2013 in relation to those published in May 2012, according to data by the Hellenic Statistical Authority (ELSTAT), showed a drop of 50.1 percent. The volume of the total building...

Greek Economy Keeps Shrinking

With the government for a glimmer of a glimpse of a hope for the start of a recovery next year, the Greek economy shrank by 4.6 percent of Gross Domestic Product (GDP) in the second quarter of the year...

Greek Jobless Rate Big News

Just a few minutes after the announcement of the Hellenic Statistical Authority concerning the new record jobless rate of 27.6 percent in Greece for May, the Financial Times published an article entitled Unemployment in Greece Continues to Gallop detailing...

A Million Tourists In Greece In Q1

While 2012 was a disappointing year for tourism with people staying away in the face of protests, strikes and riots against austerity, the year 2013 - which could set a record of 17 million arrivals - began with a...

Greek Business Closings Bleeding Jobs

While Greeks protested the coming loss of as many as 40,000 public sector jobs as the government readies to start firings, austerity measures imposed on the orders of international lenders are continuing to take a bigger toll in the...

Greek Salaries Cut Another 10%

Three years into austerity measures, Greek workers in the private sectors have seen another 10 percent cut in their salaries in the last year as private companies slash wages as the government is doing the same to public workers,...