Gross domestic product

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.

Eurostat's recent data release for 2022 spotlights the profound economic contrasts existing within the European Union, shedding light on the stark disparities between affluent and struggling nations.

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential growth of nonperforming loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability.

The Economist ranked Greece at the top of the list for the second time in a row of 35 countries with the best economic performance for 2023 on Monday.

Greece secured the top position for the first time in The Economist 2022 analysis of 34 prosperous nations.

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.

In the third quarter of 2023, the Bulgarian economy experienced a 0.4% growth compared to the preceding quarter, maintaining a similar growth pattern seen earlier. Announced by the National Statistical Institute (NSI), the economic expansion, measuring 1.8% annually, remains consistent with the previously estimated 1.7%, showing a slight decline from the 2.0% growth in the second quarter.

The Greek economy grew by 2.1% in the third quarter of 2023 compared with the same period last year, with the country's GDP rising by 0.02% between the third and second quarter of 2023, the Hellenic Statistical Authority said on Wednesday.

BELGRADE - Serbia's public debt amounted to 35.716 bln euros at the end of October 2023, accounting for 51.6 pct of the national GDP, according to figures released by the Ministry of Finance.

One month before, the public debt stood at 35.46 bln euros, accounting for 51.3 pct of GDP.

Turkish economy grew by a more-than-expected 5.9 percent in the third quarter of 2023 from a year earlier, with GDP growth accelerating from 3.9 percent in the three months to June, data from the Turkish Statistical Institute (TÜİK) have shown.

The Organisation for Economic Co-operation and Development (OECD) has revised Bulgaria's economic growth forecasts in its latest World Economic Outlook report, signaling a 1.7% growth rate for 2023, slowing due to external factors, with a projected acceleration to 2.8% in 2024.