Global industrial demand for silver reached the highest level ever recorded in 2021 and is likely to reach another record high this year, according to a report by The Silver Institute published Wednesday. In particular, the use of silver in industry increased by 9% to the historical record of 508.2 million ounces in 2021, receiving […]
Tag: Industry
33.8% increase in turnover in Industry in February
The General Index of Turnover in Industry showed a significant increase of 33.8% in February, compared to the decrease of 3.1% that had occurred in the corresponding period last year. In detail, the Hellenic Statistical Authority states that it announces the Turnover Index in Industry, with base year 2015 = 100.0 and reference month in […]
German Industry Association: Very ominous outlook for the German economy
The German export machine is in danger of stopping, businesses could suspend investment and consumers could limit their consumption, according to estimates by the German “BSE”. “The economic prospects for Germany look very bleak,” Siegfried Russwurm, president of the Federation of German Industries (BDI), told Deutsche Presse-Agentur. “Corona easing is not giving the economy the […]
Energy costs drive Spanish industrial prices to record highs
Prices for Spanish industrial production rose at an annual record rate for the fifth consecutive month in February, boosted by rising energy costs, according to data from the National Institute of Statistics (INE) on Friday. Driven by a strong post-pandemic recovery, industrial prices soared in Spain even before Russia’s invasion of Ukraine put additional pressure […]
Eurobank: Trade, transport, tourism and industry the pillars of the 2021 recovery
From which sectors of the economy did the recovery of economic activity in Greece in 2021 come? Which industries exceeded pre-pandemic levels in terms of gross value added in 2021? How did labor productivity move during the two years of the health crisis? In this issue of the bulletin 7 Days Economy Eurobank answers the […]
Positive response from industry and market to electricity measures
Of Thanks to Floudopoulos Yesterday’s government announcements about support measures against energy precision were welcomed by industry and the market. This was at least evident from the joint announcement of 5 industrial associations, which stressed that the measures are in the right direction and described the government and the Ministry of Energy as “stable and […]
Uncertainty over energy prices continues – What solution is being pursued for industry costs
Of Thanks to Floudopoulos Despite the slight de-escalation of the TTF price of natural gas to 131 euros / MWh, the prices of both gas and electricity remain high, putting pressure on businesses and households. Indicatively for today in the Greek market, the average wholesale price of electricity will be 298.71 euros / MWh, while […]
Measures for electricity costs are otherwise temporarily locked in the industry
By Harry Floudopoulos The domestic industry is at a dead end due to the high energy costs that have resulted from the energy crisis. In fact, according to industry figures, there is a significant risk even for the viability of processing plants, with the result that if there are no immediate measures, painful measures will […]
How can cheap electricity from RES be implemented for industry
Of Thanks to Floudopoulos Bilateral industry RES contracts are a very important tool to address the high energy costs for industry. This is, as he stressed speaking at an event on energy and industry organized by Hellenic Production, the ND MEP M. Spyraki for a win win tool as on the one hand it secures […]
ELSTAT: Turnover in industry increased by 22.9%
The Hellenic Statistical Authority announces the Turnover Index in Industry, for December 2021. In particular, the General Index of Turnover in Industry (total domestic and external market) for the month of December 2021, compared to the corresponding index of December 2020, showed an increase of 22.9% compared to a decrease of 3.3% during the respective […]