Organization for Economic Cooperation and Development

The results of the Program for International Student Assessment (PISA) 2022, announced last month by the Organization for Economic Cooperation and Development (OECD), were evaluated at a conference organized by the Turkish Industry and Business Association (TÜSİAD) and the OECD.

The chairman of Bulgaria's Association of Industrial Capital, Vasil Velev, recently proposed a boycott of Austrian initiatives and businesses within Bulgaria due to Austria's stance against Bulgaria's Schengen entry through land borders. This call has sparked reactions across the nation, notably drawing a response from GERB leader Boyko Borissov.

During the presentation of European Presidency priorities, Deputy Prime Minister and Foreign Minister Mariya Gabriel underscored Bulgaria's position in essential global institutions. Stressing Bulgaria's rightful place in Schengen, the Eurozone, and the Organization for Economic Cooperation and Development (OECD), Gabriel highlighted their significance during the event.

The United Nations has issued a somber global economic forecast for 2024, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters.

The Single Social Security Entity (EFKA) has entered a trajectory of fiscal balance and actuarial sustainability.

That is the view of both the European Commission in its recent report on the third evaluation after enhanced supervision, and the Organization for Economic Cooperation and Development (OECD) in its report on pensions.

The government will next month submit to Parliament the new taxation framework with the establishment of a minimum tax rate of 15% for large multinational companies as well as large Greek groups.

The Organization for Economic Cooperation and Development on Wednesday presented the paradox of the Greek social security system, and generally the distorted way of the country's development in the last few decades, in its report on pensions (Pensions at a Glance 2023).

The underwhelming performance of Greek students in the latest PISA (the acronym stands for Program for International Student Assessment) competition organized by the Organization for Economic Cooperation and Development likely did not come as a surprise. 

The growth rate of the first quarter of 2023 came to 2.1%, according to Wednesday's data from the Hellenic Statistical Authority (ELSTAT), with economists speaking of a slowdown, without however changing their forecasts for the year as a whole, which range from 2% to 3%.

Greek economic growth will remain robust, with real GDP growth projected at 2.2% in 2023 and 1.9% in 2024, according to the Paris-based Organization for Economic Cooperation and Development (OECD).