Greek economy trending toward a violation of key economic principles

The latest data on savings present food for thought for the Greek government policymakers regarding its exit out of the woods. In 2022, people in the EU saved on average 12.7% of their disposable income. The rate was significantly lower than in 2021 (16.4%), and closer to the values before Covid-19 pandemic.

Bulgaria's Health and Welfare Spending Trails Behind EU Average in 2022

Recent findings from Eurostat, the European statistics agency, have unveiled disparities in social protection and healthcare spending among EU member states. In 2022, the average expenditure across the EU nations, measured as a percentage of GDP, was recorded at 8.1%. However, this marked a decline of 0.4 percentage points from the previous year's figures.

Greek startup environment is world’s 37th friendliest

According to the ranking of StartupBlink ("Top 100 Countries for Startup-Business Friendliness 2023"), an organization that evaluates and maps the startup ecosystems of 1,000 cities in 100 countries worldwide, Greece is among the countries with the friendliest business environment for startups, coming in at 37th place and moving up six places compared to the previous count. 

Greece has most mammography units in EU

Greece has the highest availability of mammography units in the European Union, new data from Eurostat has shown.

In 2021, Greece had 7.1 and Cyprus 5.9 machines per 100,000 female inhabitants aged 50-69 years.

The rate of mammography units, which are designed exclusively for taking mammograms, was also high in Belgium (3.6), Italy (3.4) and Croatia (3.3).

Bulgaria has the Lowest Electricity Prices for Households in the EU

Average electricity prices for households in the first half of 2023 in the European Union are the lowest in Bulgaria (11.4 euros per 100 kWh), BGNES reported.

After a significant price increase that began before Russia's invasion of Ukraine but spiked in the second half of 2022, electricity and gas prices are stabilizing, the EU statistics office "Eurostat" said.

Greece overall inflation low but food prices are soaring

Greece's Harmonized Index of Consumer Prices was confirmed to have risen 3.5% year-on-year in July, up from 2.8% in June, by the European Union's statistics agency Eurostat. 

Despite the spike, Greek inflation is the sixth lowest among EU members: countries with lower inflation are Belgium (1.7%), Luxembourg (2%), Spain (2.1%), Cyprus (2.4%) and Denmark (3.2%).