Euro

Brussels sounds alarm over five areas of the Greek economy

The European Commission has placed Greece in the same group of countries as Sweden, Germany and the Netherlands, but that is not good news. It is the group of nine eurozone countries in which the Commission's "Alert Mechanism" identified macroeconomic imbalances. In-depth assessments will follow on whether these imbalances have worsened or are being corrected.

Greek stocks find love as turnaround efforts pay off

Greek stocks are fast becoming a popular option for investors, with some expecting an upgrade to coveted developed-market status next year, as the economy outpaces its eurozone peers and bank stocks roar ahead.

The Athens General Stocks Index has risen 13.1% so far in 2024, building on a near 40% jump last year, and outperforming the Europe-wide STOXX 600's 7.7% gain this year.

Bulgaria Nears Eurozone Inflation Criteria, But Budget Deficit Remains a Challenge

Bulgaria is showing significant progress towards meeting the criteria for joining the eurozone, according to recent data. November statistics from the National Statistical Institute reveal that monthly inflation stood at 0.6%, while annual inflation reached 2.1%. Despite a slight acceleration in annual inflation, the monthly inflation rate has grown more slowly compared to October.

Christmas table costs surge: Prices up 10% compared to 2023, says INKA

According to a survey by Christmas, INKA, the General Federation of Greek Consumers is expected to be about 10% more expensive this year than in 2023.

The survey concerns a table of 4 people. However, no survey has been done on the price of oil, lemons, or electricity.

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