Wednesday Jul 23, 2014 Search
Weather | Athens
31o C
23o 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)  
Greek economy to grow 0.7 percent this year, IOBE says [Update]
Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says
Structural reforms preferable to wage cuts, IMF experts say
Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
KKE chief slams Israel´s Gaza offensive
Communist Party (KKE) chief Dimitris Koutsoumbas has accused Israel of engaging in “genocide” against Palestinians as Tel Aviv's offensive in Gaza Strip continued. “Despite the problems faci...
Former SDOE chiefs given more time to prepare their defense
Two former heads of the Financial Crimes Squad (SDOE), Yiannis Diotis and Yiannis Kapeleris, were on Wednesday given more time to prepare their defense against charges of breach of trust in ...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Front-line threats
Ongoing developments in the country’s broader neighborhood are creating new challenges as well as threats in terms of the country’s interests. While the Middle East is turning into a big bla...
EDITORIAL
Testing behavior
No country is capable of functioning properly without having an elementary evaluation system in place to assess its public sector employees. In Greece, a country where the lowest common deno...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. KKE chief slams Israel´s Gaza offensive
2. Greek economy to grow 0.7 percent this year, IOBE says [Update]
3. Former SDOE chiefs given more time to prepare their defense
4. Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says
5. Police release new photos of fugitive Roupa
6. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
more news
Today
This Week
1. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
2. Front-line threats
3. Testing behavior
4. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
5. Police release new photos of fugitive Roupa
6. Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says
Today
This Week
1. Ex-Credit Suisse banker taps lesson for Greek rebound
2. The cost of excellence
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Summer storms cause problems in Thessaloniki, spread across the country
6. Greek banks able to tap investors after stress tests, HFSF Says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.