Athens Times

Category: Macroeconomics

  • What the Bank of Greece Report Reveals About Energy Costs in Our Country

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    The cost in Greece remained last year at levels higher than what we were accustomed to before 2020. This is reflected in the annual report of the Bank of Greece, published yesterday (8.4.2025). Specifically, the energy price index fell by 9.8% in 2020 (the pandemic year), while in 2021 and 2022 it surged at rates…

  • Why Greeks Pay More for Services Compared to Most Eurozone Countries

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    Two questions persistently trouble Greek households: Why does inflation remain high in Greece even as it slows down across the Eurozone, and why do services cost so much? Categories like hospitality, accommodation, rents, and air travel—closely tied to Greece’s tourism industry—are key factors keeping inflation elevated, according to data from ELSTAT and the latest report…

  • IMF’s ‘Asterisks’ for Greece: How Tariffs and Services Impact Inflation and Growth

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    The conclusions of an IMF report on Greece include ‘asterisks,’ recognizing economic progress while highlighting potential adverse factors that could affect inflation and growth. Although the short-term economic outlook for Greece remains favorable, with real GDP expected to grow by 2.1% in 2025, risks related to international trade tensions are emphasized. The IMF notes balanced…

  • Cheaper Energy Summer for Greek Consumers Due to Trump’s Trade War

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    The global economy has taken a significant hit from Trump’s tariffs, with stock markets experiencing a real crash on Friday (4/4/2025) and again on Monday (7/4/2025), reminiscent of the crises in 2008 and 2020. Similarly, the energy sector faced substantial impacts. American oil dropped below the critical level of $60 per barrel, while European gas…

  • SEBE: Rise in Exports and Improvement in Trade Balance

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    A significant increase was recorded in February 2025, according to preliminary data announced today (7.4.2025) by the Hellenic Statistical Authority (ELSTAT) and processed by the Economic Research Institute of SEBE. Specifically, according to ELSTAT’s preliminary data, the total value of exports rose to €4,042.8 million, compared to €4,038.5 million in February 2024, with an increase…

  • Which Energy Sectors Are Impacted by Trump’s Tariffs?

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    The executive order signed by the U.S. President on April 2, 2025, includes significant exemptions in the energy sector. Specifically, Trump’s tariffs exempt oil and natural gas, meaning that American LNG exports to Europe will not be affected if Europe responds with its own tariffs. Europe has increasingly relied on suppliers like the U.S., Norway,…