Latest news with #HellenicStatisticalAuthority
The Star
5 days ago
- Business
- The Star
Greece's jobless rate hits 17-year low
ATHENS, May 30 (Xinhua) -- Greece's unemployment rate fell to 8.3 percent in April, marking the lowest level in 17 years, according to the Hellenic Statistical Authority (ELSTAT). The unemployment rate stood at 10.8 percent in April 2024 and dropped to 8.9 percent in March 2025, ELSTAT announced on Thursday. The Greek government hailed the achievement in a social media post, highlighting the country's sustained economic recovery. It also noted a reduction in labor market disparities. Female unemployment fell to 10.8 percent, down from 13.6 percent in April of the previous year, and youth unemployment also declined, it said. Market analysts believe that the latest data underscore the progress Greece has made in stabilizing the job market and strengthening its overall economic resilience. During Greece's debt crisis (2009-2018), when the country faced severe economic hardship, unemployment soared to 27.4 percent between 2012 and 2014. Since then, the rate has gradually declined as Greece returned to growth following the implementation of austerity measures and structural reforms.
Yahoo
21-05-2025
- Business
- Yahoo
Greece Construction Industry Report 2025: Output to Grow by 2.3% this Year, Supported by Investments in Transport, Electricity Infrastructure, and Increase in Building Permits
Greece's construction industry is set to grow by 2.3% in 2025, driven by expanding transport and electricity infrastructure. Building permits surged 14.8% in 2024, while construction production grew by 20.1%. The industry anticipates an annual 3.4% growth from 2026-2029 with major tourism investments. Dublin, May 21, 2025 (GLOBE NEWSWIRE) -- The "Greece Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)" report has been added to analyst expects the construction industry in Greece to expand in real terms by 2.3% in 2025, supported by investments in the transport and electricity infrastructure projects, coupled with an increase in building permits issued. According to the Hellenic Statistical Authority (ELSTAT), the total number of building permits issued in the country grew by 14.8% year-on-year (YoY) in the first eleven months of 2024, with the total surface area of buildings for which permits were approved rising by 17.2% YoY, during the same period. Reflecting the positive momentum in the industry, the average construction production index in the country grew by 20.1% YoY in 2024, preceded by an overall annual growth of 9.4% in 2023, according to the Greek construction industry is expected to register an annual average growth of 3.4% from 2026 to 2029, supported by public and private sector investments in the residential, and tourism sectors. In March 2025, the country's Interministerial Strategic Investments Committee approved three tourism projects worth EUR1.2 billion ($1.3 billion). Of the total, EUR224 million ($244.1 million) will be invested by an Indian consulting company, GH Hotel and Tourism, for the construction of a luxury holiday villas in Evia, while EUR474 million ($516.5 million) will be invested by US-based real estate company, Hydra Rock Real Estate for the development of a luxury tourist resort in Ermioni, and EUR524 million ($570.9 million) will be invested by a Serbia travel agency company, Astakos Terminal International Commerce and Services, for the development of Platygialos Nautical and Industrial Port in Astakos. Scope Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Greece, featuring details of key growth drivers. Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline. Listings of major projects, in addition to details of leading contractors and consultants Reasons to Buy Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies Assess market growth potential at a micro-level with over 600 time-series data forecasts Understand the latest industry and market trends Formulate and validate business strategies using critical and actionable insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk and success factors Key Topics Covered: 1 Executive Summary2 Construction Industry: At-a-Glance3 Context3.1 Economic Performance3.2 Political Environment and Policy3.3 Demographics3.4 Risk Profile4 Construction Outlook4.1 All Construction Outlook Latest news and developments Construction Projects Momentum Index 4.2 Commercial Construction Outlook Project analytics Latest news and developments 4.3 Industrial Construction Outlook Project analytics Latest news and developments 4.4 Infrastructure Construction Outlook Project analytics Latest news and developments 4.5 Energy and Utilities Construction Outlook Project analytics Latest news and developments 4.6 Institutional Construction Outlook Project analytics Latest news and developments 4.7 Residential Construction Outlook Project analytics Latest news and developments 5 Key Industry Participants5.1 Contractors5.2 Consultants6 Construction Market Data7 AppendixFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
