Eurostat

This subsequent debt repayment is expected to be completed by Sept. 2025, with an amount of at least 5 billion euros.

The annual inflation rate for the European Union was 2.4% in August 2024, down from 2.8% in July, while a year earlier, it stood at 5.9%.

In Greece, travel revenues saw a notable increase in the first half of 2024 (Jan – June) underscoring the robust performance of the country’s tourism sector. 

This puts Greece among the most costly countries in Europe for alcoholic beverages placing it 3rd out of the 27 EU states, with prices reaching 51% above the average.

Greece recorded a much lower satisfaction rate of 7.3, surpassing only Bulgaria (6.0) and Croatia (7.2).

It ranked 8th regarding short-stay accommodations booked via online platforms - Airbnb, Booking, Expedia Group, or TripAdvisor

Greece's growth in short-term bookings in Q4 2023 on platforms like Airbnb outpaced the EU average, recording a 28.7% increase compared to Q4 2022, higher than the EU's average growth of 22.7%

At the same time, the formerly bailed east Mediterranean country records the biggest decrease in debt-to-GDP, on a quarterly basis

Core inflation, which excludes the calculation of volatile fuel and unprocessed food prices, also slightly declined to 2.8% annually from 2.9% a month earlier

The 2022 Eurostat data also reveals that satisfaction with free time is inversely related with having children at home and higher education levels

The data revealed an interesting divide between the West and East, with both men and women in the latter opting to get married for the first time at an average younger age compared to couples in Western Europe

A year earlier, the rate was 6.1%. European Union's annual inflation was 2.7% in May 2024, up from 2.6% in April. A year earlier, the rate was 7.1%

Greece saw a significant rise in hourly labor costs, increasing by 7.9%, with the business economy experiencing a 10% hike.

Greece registered the highest uptick in in the metric compared to the respective period last year

The data, covering 2023, revealed that young Greek men were the worst in the whole EU recording a NEET rate of 14.8%

A new Eurostat report shows 26% of Greeks are at risk of poverty or social exclusion, which is above the EU average of 21.4% and the 4th highest in the EU

Eurozone Inflation Climbs to 2.6%

The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation

According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place