Gross domestic product

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.

The already very important performance recorded by Greece internationally in terms of debt-to-GDP ratio reduction will continue over the next seven years, as Moody's estimates, thanks to the strong growth of the Greek economy, the very favorable public debt profile, as well as the very good management strategy.

Kostis Hatzidakis had made the war against tax evasion a priority before taking over the Ministry of Finance. It wouldn't be easy: There are a myriad of "clients" of the political system who are affected. Furthermore, if a war begins against the tax evasion of those who are easy to target, you never know where it might end up.

Lidl Hellas has invested more than 1.4 billion euros in Greece since 1999 and the company's investment plan will continue in the coming years.

Lidl Hellas CEO Martin Brandenburger said late on Thursday that the investment program for the next three years (2024-2026) includes new stores and total investments of over €120 million for the store network and warehouses.

BELGRADE - Serbia's real GDP was up by 3.5 pct y-o-y in Q3 2023, the Serbian national statistical office RZS said in a flash estimate released on Tuesday.

The RZS also said a more detailed GDP calculation for Q3 2023, performed at lower aggregation levels, would be published on November 30.

Confidence in the Turkish economy increased for a second month in a row in October, data from the Turkish Statistical Institute (TÜİK) have shown.

The economic confidence index advanced 1.2 percent from the previous month after rising 1.3 percent month-on-month in September.

Any index figure above 100 indicates an optimistic outlook about the general economic situation.

Short-term rentals (STRs) booked through online marketplaces comprise 21.5% of all overnight stays by tourists in Greece and make a great contribution to the country's gross domestic product, according to a research report presented by Professor George Doukidis at the Prodexpo Real Estate Conference on Thursday.

The budget deficit in the "State Government" institutional sector for 2022 is 4,859,000,000 leva, NSI reports. This is 2.9% of GDP.

BELGRADE - In its latest forecast, the World Bank said Serbia's 2023 GDP growth would be around 2 pct despite an anticipated acceleration of economic activity in the second half of the year.

BELGRADE - Serbia's public debt amounted to 35.206 bln euros at the end of August 2023, accounting for 50.9 pct of the national GDP, according to figures released by the Ministry of Finance.

One month before, the debt stood at 35.070 bln euros, accounting for 50.7 pct of GDP.