Saturday April 18, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Exports head south after three years of expansion

By Dimitra Manifava

As sector professionals had predicted, Greek exports posted an annual decline in 2013 for the first time after three years of growth.

According to estimates issued by the Hellenic Statistical Authority (ELSTAT) on Friday, the total value of exports in 2013 amounted to 27.53 billion euros, 0.2 percent less than 2012. When fuel and lubricants are excluded from the total, the decline amounts to 2.2 percent – to 16.81 billion euros. Compared with 2008, the year when the crisis started, exports have grown by 29.12 percent.

December saw the continuation of the declining course that had started in October. ELSTAT’s estimates showed that exports fell 14.2 percent year-on-year when oil products are included. Without oil products the decline amounted to 3.7 percent.

Small though the annual decline in 2013 may be, it is a particularly worrying sign both for the enterprises themselves and the whole of the Greek economy, while demand in the domestic market remains at a particularly low level. Besides external conditions that may affect exports, such as the general slowdown in global trade or adverse weather conditions, the drop is mainly attributed to exporters’ lack of access to cash and increased energy costs.

ekathimerini.com , Friday February 7, 2014 (22:45)  
ECB examines possible Greek IOU currency in case of default, sources say
New bank programs to contain bad loans
Industrialists warn on mine intransigence
Early Easter boosts job hirings
Krugman advises against ‘nightmare’ euro exit
Economist and New York Times columnist Paul Krugman spoke at the Athens Concert Hall on Friday. Although Krugman was critical of the way that the eurozone has handled Greece’s crisis, he adv...
Brussels Group due to meet in wake of Obama’s call for Greek reforms
Greece and its lenders are due to get back down to business on Saturday with a meeting of the Brussels Group that Athens hopes will result in an interim agreement by the end of the month at ...
Inside News
BASKETBALL
Triumph for Olympiakos at Barcelona
Olympiakos produced its best away performance so far this season to defeat host Barcelona 76-63 on Friday and snatch the home advantage in the Euroleague play-offs. The Reds have now tied th...
BASKETBALL
Another heavy loss for improved Panathinaikos in Moscow
Panathinaikos raised its performance since Tuesday but still suffered a 20-point loss at CSKA Moscow on Thursday to find itself trailing 2-0 after Game 2 of the Euroleague play-offs. Having ...
Inside Sports
COMMENTARY
The Armenian genocide and Hagia Sophia
Pope Francis’s declaration that the slaughter of Armenians by Ottoman forces 100 years ago was “the first genocide of the 20th century” will hasten the conversion of the Hagia Sophia museum ...
EDITORIAL
Crime against education
The government’s plans for Greek state universities are nothing short of criminal. It took decades for us to mature enough as a society and for Parliament to accept, with an unprecedented ma...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Triumph for Olympiakos at Barcelona
2. Krugman advises against ‘nightmare’ euro exit
3. Brussels Group due to meet in wake of Obama’s call for Greek reforms
4. Crackdown on uni sit-in deepens rifts in SYRIZA
5. Greece, Cyprus hope for progress in peace talks
6. Komotini mosque damaged by fire, arson suspected
more news
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Putting off payments led to Q1 budget primary surplus
3. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
4. Greek finance minister says cannot sign existing loan deal
5. Greece enters twilight zone as visions of euro exit take shape
6. Fourteen face charges after police enter Athens University grounds, ending sit-in
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greece and lenders head back to technical talks
3. Contraband is big business in Greece
4. FYROM push expected at EU meeting
5. Islands of eastern Aegean struggle as migrant influx triples
6. Greek finance ministry hits back at German newspaper report
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.