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EBRD: Greek Economy will Grow 2% in 2017, While 2016 will End With Zero...

The growth rate of the Greek economy in the second half of 2016 will probably be positive, resulting in zero at the end of...

Greece Among Top 3 Big Spenders of the Eurozone

Greece's state expenditure is 55 percent of the country's GDP, one of the biggest spenders of the Eurozone despite austerity. The only other two...

ELSTAT: Greek Statistics Show Deepening Recession in First Half of 2016

The Hellenic Statistical Authority (ELSTAT) announced the GDP for the 2nd quarter for 2016. Seasonally adjusted data showed that GDP in the second quarter...

PM Tsipras: FT’s Article on Greek GDP Data is ‘Best Response to Doomsayers’

Greek Prime Minister Alexis Tsipras responded to an article published in the Financial Times on Friday, which commented favorably on Greek economic data and...

Greek Unpaid Debt to State Funds at 50% of GDP

Overtaxed Greek citizens are having difficulty meeting their obligations with the Greek tax department. In May, taxation and businesses, according to data released by...

ND Proposes Less Spending, Fewer Taxes, Mitsotakis Tells SEV

New Democracy's proposal for governing the country consisted of a two-pronged approach based on less spending and fewer taxes, main opposition leader Kyriakos Mitsotakis...

Eurostat: Greek Economy Shrinks 0.5% in First Quarter

The European statistics authority (Eurostat) has released its latest figures showing a 0.5% drop in GDP in Greece, in the first quarter of 2016. At...

Mitsotakis at ‘Posidonia’: ND has Always Supported the Shipping Sector

New Democracy has traditionally favored the development of the shipping sector and the people employed in it, party leader Kyriakos Mitsotakis said on Monday...

Greek Stats Agency Shows GDP Shrinkage, But Slight Rise in PPI

The Hellenic Statistical Authority (ELSTAT) released its seasonally adjusted data that shows a shrinkage in the Greek GDP by 1.4 percent in the first...

PwC Report: Greece’s High Tax Rates Not Reflected in Revenues

Greece's tax system has very high taxation rates that fail to bring in proportionately high revenues, even though the "tax behavior" of its citizens...

Greek Shadow Economy Unchanged at 25% of GDP for Past 15 Years, According to...

Greece’s shadow economy is estimated to have averaged at 25% of GDP in the last 15 years, which means that economic activity equal to...

Greek Stats Show Drop in GDP as Eurostat Average Rises

The Hellenic Statistical Authority (ELSTAT) announced the Gross Domestic Product for the 1st Quarter of 2016. Flash estimates show that available seasonally adjusted data...

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