Foundation for Economic and Industrial Research

The IOBE was added to the organizations that have downwardly revised their forecasts for this year's Greek growth, placing it at 2.1%, against a previous estimate of 2.4%, its General Director Nikos Vettas said on Tuesday while presenting the report of the Foundation for Economic and Industrial Research for the first quarter.

Accountability and transparency are severely lacking in the National Health System.

A study of 90 hospitals and their accounting statements from 2012-20 by the Foundation for Economic and Industrial Research (IOBE) has found rudimentary reporting that focuses on what state subsidies are spent on and makes no mention of how supplies are used and the state and age of the inventory.

Funds of more than 52 billion euros are to be mobilized in the construction sector (public, private projects and residential property building) in the period 2024-2026, through the Recovery Fund, the National Strategic Reference Framework and bank lending.

The increase in the minimum wage also creates pressures for salary increases for other employees in Greece, especially in small businesses and some industries, such as services.

Demographics is a matter of "major importance" for Greece due to the serious challenges it causes both in terms of economic development and social stability, according to the Foundation for Economic and Industrial Research (IOBE).

The pandemic appears to have produced a demand for more expensive stays in public hospitals.

The participation of manufacturing in Greece's gross domestic product has returned to the levels of 2008.

According to a study by the Foundation for Economic and Industrial Research (IOBE), the participation of the gross added value of the manufacturing sector in GDP increased to 9.1% in 2022, the highest level since 2008.

Greece's economic sentiment index fell to 106.4 points in October from 107.7 in September, reflecting a drop in business expectations in the retail commerce, weaker expectations in industry and services, and more optimistic expectations in construction, the Foundation for Economic and Industrial Research (IOBE) said on Wednesday.

Two widely used indicators about managers' and consumers' expectations have reached heights not seen in many months, although a local think tank that compiles them warns that such sentiments could prove ephemeral.

Τhe Greek economy will grow at a slower pace this year compared with 2022, as a result of a slowdown in the global economy in an environment of high inflation, tighter fiscal and monetary policy and uncertainty, the Foundation for Economic and Industrial Research (IOBE) said in its quarterly economic outlook report released on Wednesday.