Economy
Economy
Workers in Greece Strike in Protest to the Rising Cost of Living
Labor Unions in Greece have called a 24-hour strike on Wednesday in protest of the rise in the cost of living that affects hundreds of thousands of workers.
"We cannot live with dignity" is the central message of the protest...
Economy
EIB Announces 220 Euro Loan to Greece for Civil Protection
A 220 million euro loan to Greece was announced on Friday by the International Investment Bank to fund civil protection.
Economy
How the Upcoming Bitcoin Halving Could Shake Up Ethereum
The upcoming Bitcoin halving is one of the most highly anticipated events in the cryptocurrency world, and the upcoming 2024 halving is shaping up to be particularly significant for another major cryptocurrency too, namely Ethereum.
With the relatively recent approvals...
Economy
Gold Price Hits Record Highs as Countries Ease Reliance on US Dollar
The price of spot gold reached $2,364 per ounce on Tuesday after hitting record highs for seven consecutive sessions and trading at $2,336 per ounce on Monday. Year on year, gold is up 16.5 percent.
The main driver of the...
Economy
Wolfgang Schaeuble’s Memoir Delves Into the Greek Debt Crisis
The memoir by Wolfgang Schaeuble, one of the key figures of the 2009-2018 Greek debt crisis who died in December 2023, is hitting bookstores in Germany on Monday.
The memoir, titled Memories. My Life in Politics, delves into the Greek crisis...
Economy
Trump’s Son-in-Law Pursues Hotel Projects in Balkans
While Donald Trump readies for another push towards the US presidency, his son-in-law, Jared Kushner, is following up on hotel and apartment deals in Serbia and Albania. The projects are sure to bring growth, but they also face opposition.
One...
Economy
Greece Lifts Minimum Wage by €50 to €830 Per Month
Greece's Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
The decision will take effect from April 1st and relieve workers “without affecting...
Canada
Greece Secures 7 Firefighting Aircraft From Canada During Mitsotakis-Trudeau Meeting
Greece signed the acquisition of seven state-of-the-art DHC-515 firefighting aircraft from the Canadian Commercial Corporation.
Business
Fastest Improving Business Environment Globally Is in Greece, Report Says
Greece has climbed 28 spots to the top of a list of 10 countries making the fastest progress in improving business environment, according to an Economist Intelligence Unit (EIU) report released on Wednesday.
Plowing ahead of Argentina and India, which...
Business
Greece Mulls Restriction on Airbnb Lettings Through Golden Visa Program
Greece is considering restricting Airbnb-type rental for properties that will be acquired through the Golden Visa program to tackle the severe shortage of properties for long-term rental in Athens and elsewhere.
Although the final decisions have not yet been taken,...
Economy
Bitcoin Halving and How It Might Affect Its Price
Get ready for a major event in the world of cryptocurrency. The next Bitcoin halving is coming in April 2024.
But why should Bitcoin halving matter to us?
Approximately every four years, the amount of new bitcoins that enter circulation in...
Economy
Gold and Bitcoin Peaks: Are We Heading to Another Dot-Com Bubble?
The stock markets have been on the rise recently, with major indexes like the S&P 500 and Nasdaq hitting record highs. At the same time, speculative assets like bitcoin and gold have also surged to new peaks.
While many investors...
Economy
Bitcoin Tops $63K for First Time Since November 2021
Bitcoin reached a new high, surpassing $63,000 on Wednesday for the first time since November 2021. This surge was fueled by increased trading in Bitcoin exchange-traded funds.
Investor interest in Bitcoin was also boosted by a decrease in its supply...
Economy
The Top 10 Countries Dominating Global Gold Reserves
Gold continues to be an important indicator and store of value in the modern era, serving as a hedge and retaining its value even during times of economic crisis. With that in mind, here are the top 10 countries...
Economy
Shadow Economy in Greece is Shrinking, IMF Says
The shadow economy in Greece fell to 16 percent of GDP in 2021 according to the latest report by researchers at the International Monetary Fund (IMF).
The report titled "Recent Trends of Informality in Greece: Evidence from Subnational Data" notes...