GREEK NEWS

Hellenic American Union to hold conference on reforms in Greece on October 20-22

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More than 40 distinguished speakers will discuss with each other and with the public the issue of reforms, in a conference organized by the Hellenic American Union on Oct. 20-22 in Athens.

Reform, as a demand for the full adjustment to the demands of modernity and integration into the modern world, has been one of the main driving forces of Modern...

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ELSTAT records 1.4% increase in Greek merchant fleet for August

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The Greek merchant fleet increased by 1.4% in August 2017, compared with August 2016, the Hellenic Statistical Authority (ELSTAT) announced on Wednesday, while there was no change (0.0%) recorded in August 2016, compared with August 2015.

ELSTAT also said that the gross tonnage of the Greek merchant fleet, for vessels of 100 GRT and over, recorded...

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Study: Greek households slashed grocery-food spending in crisis years

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The amounts spent by Greek households on grocery goods has fallen by 21.7 pct in the last seven years of deep economic crisis, according to a study by the Greek Research Institute of Retail Consumer Goods (IELKA) released on Tuesday. Despite the reduction, the share of grocery goods as a percentage of total household spending actually increased in...

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Greek Gross Domestic Product down 0.2 pct in 2016, according to revised data

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According to the revised data the Gross Domestic Product (GDP) of the year 2016 in volume terms decreased by 0.2 pct in comparison with the year 2015, against a change of 0.0 pct that was announced for the first estimate in March 2017.

The final consumption expenditure of the year 2016 in volume terms decreased by 0.3 pct in comparison with the...

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Pitsiorlas: Privatisations and use of state assets will proceed

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Deputy Finance Minister Stergios Pitsiorlas on Tuesday underlined that the government’s steadfast goal is to capitalise on state assets and proceed with privatisations, at the same time as reforming the institutional framework.

Addressing the Congess for Real Estat “Prodexpo,” Pitsiorlas said that the conclusion of the programme in 2018 will give th...

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IOBE sees higher than 2 pct growth in 2018

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Greece’s growth rate will fall slightly below 1.5 pct of GDP in 2017, according to estimates announced by the Foundation for Economic and Industrial Research (IOBE) and presented by its managing director Professor Nikolaos Vettas on Tuesday.

IOBE sees a growth rate of at least 2 pct of GDP for Greece in 2018.

As the programme progresses, uncertainty...

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