The deficit of the trade balance is significantly increased both at the level of 5 months and for May. In particular, according to the data of ELSTAT, the deficit of the trade balance during the period January-May 2022 amounted to 14,702.1 million euros (16,022.0 million dollars) against 8,262.0 million euros (9,806.7 million dollars) during the […]
Tag: exports
How the Government enters into export credit insurance on private sector terms
By Giorgos Lampiris An active role in the field of credit insurance for small and medium-sized export companies that do not have access to coverage from the insurance market is undertaken under private law terms by the Hellenic Export Credit Company (Export Credit Greece), which is an independent from the State and self-financed body, which […]
German exports down in May (upd)
LAST UPDATE 10:41 German exports eased slightly in May, down 0.5% from the previous month, while imports beat estimates with a 2.7% increase. Estimates were for a monthly increase in exports of 0.9%. The unexpected drop in exports comes on the back of weaker demand from European Union countries, which saw a 2.8% drop in […]
Germany: The climate between export companies has deteriorated slightly
The climate among German export companies has deteriorated slightly in June, according to the Ifo Institute. Expectations for exports fell to 3.7 points in June from 4.4 points in May. “Logistics problems and a high level of uncertainty are exacerbating the prospects for German exports,” said Ifo’s Clemens Faust. However, optimism has returned to the […]
How much Greek products were affected by European sanctions in Russia
By Matina Harkoftaki Greek export companies facing exposure to the Russian market are facing new difficulties created by the fourth package of sanctions imposed by the European Union on Russia. The new package, which was added to the existing sanctions, mainly affects luxury goods, as the European directive prohibits the export of products whose value […]
Ukraine: Cereal exports have fallen by 55.5% since the beginning of June, on an annual basis
Ukraine’s grain exports fell by 55.5% in the first 20 days of June compared to the same period in 2021 to 777,000 tonnes, according to data released today by the Ministry of Agriculture. These volumes include 689,000 tonnes of corn, 63,000 tonnes of wheat and 21,000 tonnes of barley, according to the data. Ukraine exported […]
The explosion of the deficit in the balance is a bell for the economy
By Tasos Dasopoulos The widening of the current account deficit, which at the end of the first quarter reached 6.25 billion euros and was more than double the 2.65 billion euros it had reached in the first quarter of 2021, is evolving into another financial headache. staff. The goal may be to reduce the budget […]
G. Smyrlis: Large increase in exports, the goal of the National Register of Exporters
The dynamic development of the extroversion of Greek companies and the increase of exports despite the difficulties in the years of covid-19 was mentioned by the CEO of Enterprise Greece Giannis Smyrlis during his presentation at the 10th Regional Growth Conference in Patras. G. Smyrlis, stressed that with the multilevel work of the Organization, which […]
Exports to China rose 16.9% in May
Chinese exports rebounded sharply in May as the world’s second-largest economy gradually recovered from coronavirus restrictions, factories resumed production and eased supply chain problems. Exports increased by 16.9% compared to the previous year, according to data announced by the General Administration of Customs. This exceeded the growth of 8% expected by economists, and is much […]
SEVE: Exports over € 15 billion in the first four months – Estimates for a new record in 2022
Greek exports seem to be heading for a new record in 2022, as their growth in the first months of the year exceeds 30%. Already from the first four months they exceeded € 15 billion. an increase of 31.3% compared to the record performance of 2021. However, the uncontrolled increase of imports with and without […]