A war in Ukraine will cost the Greek economy as much as at least 1 percentage point growthforecasts Deputy Finance Minister Theodoros Skilakakis, speaking at the OT Forum on Wednesday. The maximum cost of these losses cannot be accurately calculated as no one knows when the fighting will end, he said, adding that the threat […]
Tag: Greek economy
The losses of the Athens Stock Exchange since the beginning of the war in Ukraine amounted to 9.3 billion euros
Since the beginning of the war, the Athens Stock Exchange has recorded a loss of 13.43% since the beginning of the war in Ukraine. Market capitalization fell by 9.345 billion euros. The Large Cap Index fell 15.0% and the Mid Cap Index fell 8.6%. The largest losses (-26.64%) were recorded in banks. However, despite everything, […]
Poll: Greeks are concerned about the situation in Ukraine, the economy will suffer, say 80%
The citizens of Greece are very concerned about the events taking place in Ukraine, as the Russian invasion of the country continues for the fifth day. This follows from the Pulse survey on behalf of SKAI, the newspaper writes. in.gr. In particular, the vast majority (80%) say they are “very concerned” and “very concerned” about […]
Record investment in Greek startups in 2021
In 2021, startups raised € 500 million in capital from Greek and foreign investors. This is almost three times more than last year (150 million euros) and ten times more than 4-5 years ago (50 million euros). Although acquisitions of Greek startups declined slightly in 2021 compared to last year, the gradual development of the […]
European Commissioners in Athens: tax incentives under the microscope
It is expected that the Greek economy will go through the “sieve” for the 12th time since the country’s withdrawal from the memorandum. Lender representatives will again arrive in Athens today for the 12th post-memorandum assessment of the Greek economy to monitor the country’s finances and approve or reject any government decision. According to the […]
Greece’s economy shrinks 9% in 2020
Last year, the Greek economy contracted 9%, higher than the March forecast of 8.2%. According to data Statistical Office of Greece, the country’s GDP fell to 167.077 billion euros from 183.640 billion euros in 2019. In particular, final consumption spending fell 5.5% (household consumption fell 8% and general government consumption rose 2.6%), compared with a […]
IMF: Greece’s economy will grow by 6.5% in 2021
Greece’s economy is expected to grow 6.5% this year and 4.6% in 2022, the International Monetary Fund said Tuesday in its global economic outlook report. The IMF expects inflation to reach 1.3% by the end of the year and fall to an average of 0.4% in 2022. The unemployment rate is projected to drop to […]
Greece made good money on relations with China
Greece is taking advantage of its healthy relationship with China in the context of the Belt and Road Initiative (BRI) and will continue to cooperate along the way, said Spyros Lambridis, Permanent Representative of Greece to NATO. “For now, all we get from it is the benefits of a healthy and legitimate business relationship,” he […]
Obstacles slowing Greece’s growth
The European Commission praised the Greek government in the context of the 10th assessment after the memorandum for the measures to combat the coronavirus and for the continuation of reforms, and offered to allocate an additional 748 million euros for debt reduction, but at the same time pointed out the problems that threaten the future […]