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Tag Archives: 2016

Unemployment in Greece at 21.2% in Q4 of 2017, higher when compared to Q3

Greece’s unemployment rate fell to 21.2 pct in the fourth quarter of 2017 from 23.6 pct in the same period in 2016, but grew from 20.2 pct in the third quarter of 2017, Hellenic Statistical Authority (ELSTAT) said on Thursday. The statistics service, in a quarterly report, said that the …

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OCED confirms Greece’s “tax tsunami” in 2016

Greece experienced the largest tax increase among 35 members of the member states of  the Organization for Economic Co-operation and Development (OECD) last year. According to new figures released by the OECD, taxes in Greece went up to 38.5 percent in 2016, reaching a 30-year high. Tax revenues in Greece, …

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ELSTAT: Disposable income of Greek households plunged by €2.7billion in 2016

Greek households and non-profit entities that serve households lost 2.7 billion euros in disposable income (or 2.3 percent) in 2016, Greece’s independent statistics authority (EL.STAT) said on Monday. According to figures released this week, the sum for Greek households’ disposable income reached 114 billion euros last year, down from 116.7 …

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ELSTAT: Greece’s primary surplus reaches 3.9% of GDP in 2016

Greece improved its public finances last year, achieving a general government primary surplus of 0.7 percent of gross domestic product compared to a 5.9 percent of GDP deficit in 2015, the country’s statistics agency ELSTAT said on Friday. “The surplus of General Government for 2016, in accordance with ESA 2010, …

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Greece’s economy shrank 1.2% in the Q4 2016

Greece’ economy shrank by 1.2 per cent in the fourth quarter of 2016.This is three times worse than a first estimate of 0.4%. It was the worst quarter since 2015. OUCH. Greek GDP shrank 1.2 per cent in fourth quarter – three times worse than a first estimate of 0.4% …

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Greece’s public debt reached €326.358billion end of 2016

326.358 billion euros. Greece’s public debt reached 326.358 billion euros at the end of 2016 against €323.709 billion at the end of September in the same year. According to a statement issued by the Public Debt Management Agency on Monday, the cash available at 31. Dec 2016, amounted to 2,791 …

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EU relocation scheme failed: Less than 13,000 relocations in 2016

The relocation scheme of the European Union has blatantly failed. From the target of 6,000 relocations per month, less than 13,000 people have been relocated form Greece to other EU-member countries within the whole year 2016. According to data released by the Relocation Unit of the Asylum Service, the total …

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2016 – The Year of New Greek Tax Hikes

I suppose, the majority of Greeks spent the 3-days break with their television set off. That’s why, they are still alive on Monday, January the 4th. Had they turned their TVs son, they would had for sure suffered brain strokes, heart collapses and breath halting due to the tsunami of …

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EU Commission Forecasts Extend Greece Recession to 2017

The European Commission sees Greece’s economy returning to recession in 2015 and the following year, with growth only materialising in 2017, and urged the Greek government to comply fully with the terms of the third lending agreement in order to restore economic confidence. According to finance news MNI.com, in its …

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