Greece slows down - Economic growth to contract in the second quarter of 2025
The Greek economy grew at a rate of 1.7% in the second quarter, on an annual basis, compared with a growth of 2.2% in the first quarter of the year, according to data from the Hellenic Statistical Authority (ELSTAT).
This means that the average growth rate for the first half of 2025 reached only about 2% on an annual basis, although the government is talking about a rate of 2.3% in this period. ELSTAT data also shows a 0.6% expansion on a quarterly basis for the April-June time interval.
According to the statistical service, consumption is slowing down, showing only a 1% increase on an annual basis and a 0.1% decrease compared to the previous quarter. However, investments are showing high rates, with an expansion of 6.5% compared to 2024 and 7.4% compared to the previous quarter.
Meanwhile, a decline has been reflected in exports of goods, while exports of services continue to grow due to tourism.
The Ministry of Economy and Finance stated that the Greek economy is currently growing at an annual rate of 2.3%, which is much higher than most other European economies.
"Of course we can do better, we will make more reforms. The world expects more from us, and reforms are the only way to move forward," ministry sources said.
Solar energy "dominates" the planet - Global photovoltaic installations grew by 64% in the first half of 2025
Global installed solar power capacity increased by 380 GW during the first half of 2025, a 64% increase compared to the same period in 2024. Solar power......
Tesla, $1 trillion bonus for Musk - The package is expected to be approved by the company's shareholders in November
Tesla has prepared a $1 trillion compensation package for Chief Executive Officer Elon Musk, which is expected to be approved by shareholders in November.......
Gjirokastra, a favorite destination in every season - Rama: 500 thousand visitors by July
Gjirokastra is attracting a large number of foreign tourists, as well as domestic visitors, even in these first days of autumn. Part of UNESCO's world......
Will France seek help from the IMF? - Public finances are weakening and the population is aging
French policymakers have been debating whether the country will be forced to default on its debt to the International Monetary Fund if parliament continues......
Trump threatens EU with trade investigation - President calls fines against Apple and Google "discriminatory"
US President Donald Trump has warned that he will order a trade investigation to "overturn" what he called discriminatory fines being imposed by Europe......
Tougher measures for the labor market - New Penal Code/ Illegal employment is punishable by imprisonment
The labor market in Albania will also be targeted by criminal measures, foreseen in the new code put out for public consultation. Referring to Article 660,......
Young people are turning their eyes to vocational education - Around 4 thousand registrations accepted, what are the most chosen majors?
Vocational Education is experiencing a significant increase in interest across the country, increasingly becoming a concrete choice for young people seeking......
Teachers under new rules - Code of Ethics, sets the boundaries of behavior in schools
With just two days to go before the start of the new school year, the Ministry of Education and Sports has approved the new Code of Ethics for Teachers. This......
