EIRINI CHRYSOLORA

Plenty of work ahead for debt

Stournaras warns reforms and high growth are needed for an acceptable level in 40 years.

Price discrepancy explained

Local market’s oligopolies and consumer habits contribute to high prices, BoG study finds.

29.06.2024 / 10:49

Greedflation sweeps market

The “inflation of greed” in the Greek market during the period of the pandemic and the energy crisis was confirmed on Thursday by data from the Parliamentary Budget Office (PBO).

27.06.2024 / 09:47

BoG is worried about prices

Stournaras expresses concerns about inflation and the absorption of European subsidies.

27.06.2024 / 08:10

Ceiling on spending growth

The European Commission tells Athens it can increase expenditure by up to 3-3.2% per annum.

23.06.2024 / 00:17

Higher salaries have stagnated

The stagnation of salaries observed at the relatively higher levels, in contrast to hikes in the basic salary, is highlighted by the Bank of Greece as a point of concern.

17.06.2024 / 14:12

Measures to expand workforce

The labor force in Greece could rise by 398,000 people if participation in it in the 15-74 age group was equal to the EU average.

09.06.2024 / 18:57

European elections: The main issues for the next European leadership

The next heads of the European Union will have to give answers to major challenges.

08.06.2024 / 20:00

The Greek economy’s growth rate in the year’s first quarter proved to be higher than the market expected, coming at 2.1%, and bringing much optimism to the government, since the corresponding rate in the European Union was a meager 0.4%.

05.06.2024 / 08:18

Greece submits grant request

Athens will likely submit its fourth request for a 1-billion-euro grant from the Recovery Fund on Thursday, as the issue of late milestones, which was a condition for its submission, has been settled.

28.05.2024 / 11:49

Greece needs investment, not consumption, minister stresses

The government insists consumption is already high in gross domestic product terms and it is investments that should be bolstered instead.

26.05.2024 / 20:16

Olive oil accounts for half of all food sector inflation, study shows

The persistent profit margins of businesses, also dubbed “greedflation,” and the strong demand for services, thanks to tourism, as well as the increase in Greeks’ income, are the main factors that explain the high levels of inflation in Greece.

21.05.2024 / 13:10

Fiscal surplus still elusive

The continuous overperformance of budget tax revenue, confirmed by the January-April data, has already been consumed, while additional expenses have arisen, competent sources in the State General Accounting Office are warning.

18.05.2024 / 16:50

The Greek economy’s strong and weak points

The Greek economy’s growth rate as well as the increase in investments and exports are currently the country’s strongest points, compared to the rest of the eurozone.

16.05.2024 / 12:30

Big Brother for public works

A new bill by the Ministry of National Economy and Finance provides for the creation of a Register for Recording and Monitoring Maintenance and Operation Expenditures of the Public Investments Program (PIP).