ELSTAT: Greek Economy Shrinks by 0.9% in Q1

Greece's statistical service, ELSTAT, published on Friday figures showing that the rate of recession during the first quarter of 2014 was 0.9% of GDP, which is...

Greece is Selling 2 State-Owned Prime Properties in New York and Washington DC

Greece is selling two state-owned prime real estate properties in New York City and Washington DC as part of a privatization program required by...

Finance Minister: Greece May Return To Markets In 2011

Greece may return to the markets in 2011 given that conditions continue to improve, Finance Minister George Papaconstantinou told CNBC Wednesday. "All our reforms are...

Cyprus Launches 2nd Hydrocarbon Licensing Round

Cyprus` Council of Ministers authorised the Minister of Commerce, Industry and Tourism Praxoulla Anotoniadou to proceed with all necessary actions for the launching of...

Greek Unemployment Drops, But Still High at 25.8 Percent

Unemployment in Greece dropped slightly, but remains high, reaching 25.8 percent in November. According to a report by the Hellenic Statistical Authority (ELSTAT) published on...

Health Insurance a Victim of Austerity in Greece

Health Minister Adonis Georgiadis said somewhere between 1.9 million to 2.4 million Greek citizens don't have health insurance because a crushing economic crisis has...

Samaras Says Deposits Safe, Banks Shielded

Unlike on Cyprus, where the government is confiscating up to 80 percent of bank deposits over 100,000 euros ($130,000) to trigger an international bailout,...

Tourist Arrivals in Greece Up 45.6%, Travel Receipts up 12.8% in Q1‏

The number of inbound visitors in Greece jumped 45.6% to 1.728 million in the January-March period this year, from 1.187 million during the same...

IMF Predicts Primary Surplus Will Be Lower Than Expectations of Greece and EC

The International Monetary Fund forecasts a much lower primary surplus for 2017 than the predictions made by the Greek Finance Ministry and the European Commission. In...

Thousands of Greek Businesses Relocate to Bulgaria

Almost 6,000 Greek businesses have relocated to Bulgaria in the last two years alone, says the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE). In...

Fitch Investment Agency Schedules October Visit to Greece

By Paris Karagounis Fitch analyst Chris Pryce stated that Greece is holding tight to its rating of investment grade but it might slip through her...

Greece Waits for EU’s Answer: Pensions Cut, Military Spared

ATHENS – We’ve done our part, now you do yours, Greece has told leaders of the Eurozone and Troika who will decide whether the...

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