Eurostat

Greece's economic performance has topped several categories in the European Union in 2019-2023, but the convergence with the European average will require an even faster pace of growth than that recorded in the last five years, Eurostat data showed on Tuesday.

Türkiye is emerging as this year’s “champion”, showing the biggest price increase among the major Mediterranean tourist markets in terms of vacation packages, with prices 49.5% higher in the “heart” of summer, in July. Across Europe, the increase this year is estimated at an average of 6.6% compared to last year, with Greece slightly higher at 7.5% compared to summer 2023.

Despite Bulgaria's strong position in cereal production within the European Union, recent Eurostat data reveals significant declines in almost all economic indicators for Bulgarian agriculture compared to the EU average.

Between 2019 and 2023, the Consumer Price Index rose by 13.4%, while the average wage increased by 20.2%, and the minimum wage by 27.7%.

In 2023, more than 47,000 people across Europe lost their lives due to extreme heat, making it the hottest year on record globally. This alarming figure is based on research conducted by the Barcelona Institute for Global Health, which highlights Bulgaria as the country with the highest heat-related mortality rate.

State spending on research and development declined in Greece in 2023, bucking European trends, Eurostat data gleaned from the member-states' budgets and released Tuesday show.

When one considers spending per capita, Greece ranks quite low among EU states, although it outranks Lithuania, Poland, Malta, Portugal, Slovakia, Latvia, Hungary, Bulgaria and Romania.

Government officials are awaiting Friday's announcement of July inflation figures by the independent statistics authority ELSTAT with some trepidation. 

With double-digit growth rates following the upward rhythms recorded in the rest of Europe, short-term rentals in our country are “running” this year, according to the most… official bull, that of the major market players, Airbnb, Booking, Expedia Group and TripAdvisor.

One in three children in Bulgaria faces the risk of poverty and social exclusion, according to the latest figures from Eurostat. This places Bulgaria among the top three EU countries for this issue, alongside Romania and Spain.

The working life of the Greeks is relatively short, just over 34 years, a phenomenon that becomes even more pronounced if compared to other countries, such as the Netherlands, Sweden and also Denmark, where people work for over 40 years.