Greece
Business
Real Estate Economy in Greece Grows in Multiple Sectors
The recently released Cushman Wakefield Proprius Marketplace Real Estate report demonstrated a significant growth in the Real Estate economy of Greece. The economy grew in all three different sectors, namely industrial, retail, and office.
The Growth of the Economy of...
Economy
IMF: Economy of Greece to Bounce Back Significantly in 2022
The economy of Greece is projected to grow by 5.4 per cent in 2022, the International Monetary Fund (IMF) said.
Economy
Greece Expects 4% Recession, as European Economy Enters Uncharted Territory
Christos Staikouras, the Greek Finance Minister, expressed on Sunday his belief that the Greek economy will shrink by four percent in 2020 due to the reduction of economic activity the coronavirus pandemic has brought upon the country.
Speaking with Greece's...
Economy
Greece's Economy Establishes Positive Outlook in Global Markets
Greece's economy has slowly but steadily entered the zone of seeing its solvency being upgraded by major global credit rating agencies, after several years of a financial meltdown and harsh conditions.
Following the recent upgrades of its solvency and its...
Economy
Tsipras Says ''Greece is a New Economy''
The Greek economy is growing at a rate of more than 2 percent and the rate continues to accelerate, Prime Minister Alexis Tsipras told the American-Hellenic Chamber of Commerce in an address. In his remarks to the Greek-American leaders in...
Economy
USA Supports Greece and Its Economy, American Secretary of Commerce Says
Greece's Prime Minister Alexis Tsipras met the American Secretary of Commerce, Wilbur Ross, in Thessaloniki on Friday.
''Greece is leaving behind the crisis and is moving ahead in an environment of growth and security for the region,'' said the Greek Prime...
Economy
Greek Economy Will See Higher Growth, Says Bank of Greece
Greece's economy will record higher growth rates under conditions in the near future, Bank of Greece governor Yannis Stournaras estimated in a Monetary Policy Report submitted to parliament.
He also called on Greek banks to speed up their efforts for the...
Economy
German FinMin Schaeuble: Greece's Economy is Well on Track
Greece's economy is well on track, German Finance Minister Wolfgang Schaeuble said on Saturday in an interview with French radio Intel Radio.
Confidence has returned, but Greece must continue its efforts, he added.
(Source: AMNA)
Economy
Bank of Greece Chief: Economy on a Growth Track
The Greek economy is on a steady upward trajectory, but there is no room for complacency or a relaxation of efforts, Bank of Greece Governor Yannis Stournaras said on Thursday evening, at an event organized by the British Hellenic...
Crime
Greece is World Champion in Shadow Economy, at 21.5% of GDP
More than one in five euro notes changing hands in Greece is not recorded, as shadow economy amounts to 21.5% of gross domestic product, according to a study by the Institute for Applied Economic Research, at the University of Tübingen.
Greece is the leader among...
Greece
Thessaloniki Mayor Boutaris: 'Greece Is the Last Soviet-type Society and Economy' (video)
"Greece is the last Soviet-type society and economy," Thessaloniki mayor Yiannis Boutaris said, explaining that in Greece many citizens expect everything from the state, avoiding individual responsibility.
Boutaris said that Thessaloniki has opened its door to the Turks, because it...
Economy
IMF's Thomsen: We Need More Realism in Assumptions and More Specificity About Greece's Economy
The International Monetary Fund's (IMF) European Department head Poul Thomsen said on Tuesday that his organization needs to see more realistic euro zone assumptions about Greece's economy as well as a detailed planned of debt relief measures for the...
Economy
Underground Economy in Greece Is About One Quarter of GDP
The size of Greece's underground economy -- where transactions take place out of the radar of tax authorities -- is estimated to be about one quarter of the country's official GDP, according to University of Macedonia Professor Vassilis Vlachos.
The...
Economy
German President Steinmeier: Greece Will Take on More Reforms to Improve Economy and Social Cohesion
Greece still has not reached the end destination and it will take additional reforms, even if economic indicators are improving. German President Frank-Walter Steinmeier said in an interview with Kathimerini newspaper on Friday, adding that the end objective is that...
Greece
Greece Third from the Bottom in Digital Economy/Society
Greece ranks third from the bottom among the 28 European Union member states in digital economy and society, according to the Digital Economy and Society Index (DESI) publicized on Saturday.
The result of the European Commission study shows the performance...