Saturday February 28, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek economy shrinks by 1.1 pct in first quarter

The Greek economy shrank by 1.1 percent in the first quarter of the year on a 12-month basis, Greece's statistics agency said on Thursday.

The data, unadjusted for seasonal factors showed that output by the bailed out economy decreased by 1.1 percent in comparison with the first quarter of 2013, the ELSTAT agency said.

Based on the data announced on Thursday, the economy in 2013 shrank by 3.86 percent according to AFP calculations.

This year, the economy is expected to switch into growth of 0.6 percent, showing the first expansion since 2008, according to the Finance Ministry.

The coalition government of Prime Minister Antonis Samaras is trying to persuade critics at home that four years of grueling austerity under the bailout program are now bearing fruit.

But the Greek central bank has warned that political stability is needed to protect the fragile recovery.

The government faces a tough local elections challenge over the next two weeks, with anti-austerity parties poised to gain heavily from widespread anger over the six-year recession and soaring unemployment gripping the country.

An opinion poll on voting intentions for European Parliament elections published Thursday showed leftist opposition SYRIZA ahead of conservative coalition leaders New Democracy by 3 percent.

The poll, which was conducted by VPRC for Epikaira magazine, showed SYRIZA of Alexis Tsipras taking the lead with 16.7 percent, followed by Prime Minister Antonis Samaras's conservative party which stood at 13.7 percent. [AFP, Kathimerini]

ekathimerini.com , Thursday May 15, 2014 (13:25)  
Greece seeks negotiations on ECB bond repayment
Piraeus plans are coming in next few weeks
Slowdown in tourism bookings from Germany
Economy grew by 1.3 pct in Q4 of last year
Hellas Gold and workers react to Greek govt decision on plan permit
Hellas Gold and its workers at the gold mine in Skouries, Halkidiki, have vowed to take legal action after the government announced on Friday that it would be recalling the permit for a proc...
Greek ministry says teacher hirings to continue via ASEP
The Education Ministry issued a statement on Saturday denying that it aims to scrap the hiring process for secondary education teachers via the Supreme Council for Civil Personnel Selection ...
Inside News
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
SOCCER
Ten-man Olympiakos couldnt overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, because it is in no ones interest, as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Hellas Gold and workers react to Greek govt decision on plan permit
2. Greek ministry says teacher hirings to continue via ASEP
3. Women conned elderly Cretans by posing as church representatives
4. Police nab Kavala man over homegrown cannabis
5. Three Greeks arrested for total debts of 2 mln euros to state
6. At least three GD MPs to be released ahead of trial
more news
Today
This Week
1. Greece seeks negotiations on ECB bond repayment
2. A unionist agenda
3. At least three GD MPs to be released ahead of trial
4. Greek ministry says teacher hirings to continue via ASEP
5. Women conned elderly Cretans by posing as church representatives
6. Three Greeks arrested for total debts of 2 mln euros to state
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. Greek bailout deal faces review by euro officials next week
3. Greece says eurozone deal won time as cash bled from banks
4. The ignorance of the West about the culture of Islam
5. A fierce battle looms
6. Spain said to lead push to hold Greece to terms as Podemos grows
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.