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Greece’s unemployment rate reaches 17.1% in first quarter 2021

Greece’s unemployment rate in the first quarter of the year reached 17.1 percent, up from 16.2 percent in the previous quarter and in the same period last year, according to data from the Hellenic Statistical Authority (ELSTAT). In its latest quarter labor force survey, ELSTAT said the number of people …

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Mortality at Agrinio Covid-ICU reached 100% – Commander forced to resign

The commander of general hospital of Agrinio was forced to resign on Saturday after revelations of dramatically high mortality rates of Covid-19 patients in the Intensive Care Unit of the hospital in western Greece. On Thursday, the Greek hospital workers union POEDIN revealed that 35 out of 40 patients died …

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Annual inflation in Greece hits 1.0 percent in June

Price hikes in food, fuel, services and other essential goods drove the annual inflation rate in Greece to 1.0 percent in June 2018, from 0.8 percent in May, the Greek Statistics Authority and the Eurostat that uses the ELSTAT data said. According to ELSTAT statement, inflation rate rose 1% between …

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ECB: Greece has the lowest growth rate in Eurozone

Greece recorded the lowest growth rate in 2017 among the EU member-states, according to the  annual report of the European Central Bank released  on Monday. The Greek GDP amounted to 1.4%, compared with a 2.3% average in the eurozone, while Ireland’s figure stood at 5%. According to the report, the …

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Greece’s shadow economy is 21.5% of GDP, says German IAW

Some countries have much larger shadow or unofficial economies than others. Greece’s shadow economy is worth over a fifth of its total output, and Italy’s isn’t far behind, says a research by German IAW. However, the chart refers only to selected industrialized countries. And Germany is not doing much better… …

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