Gross domestic product

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.

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.