Greece Wants to Raise Minimum Wage, Says Minister

The government's aim is to increase the minimum wage, Labour Minister Efi Achtsioglou stated on Monday while speaking to Greek public broadcaster ERT. Achtsioglou said...

IMF Says Cyprus Needs to Tackle Bad Loans

Cyprus needs to make reforms to cut the number of bad loans in the island's troubled economy, the IMF has said. A post-bailout monitoring team...

Piraeus Bank Releases Growth Figures for 2017

Piraeus Bank, one of Greece's top four lenders, showed improved figures in all areas for 2017, as the year's financial data released on Wednesday...

Most Young Unemployed Greeks Willing to Move for Work

Six out of ten unemployed Greeks aged 20 to 34 are ready to migrate or relocate to another part of Greece in order to...

Greece’s Creditors Approve €6.7B in Bailout Funds

Greece's international creditors on Tuesday approved a huge €6.7 billion ($8.3 billion) tranche of bailout funds for the country's struggling economy. The Board of Directors of...

Report Claims Greece Will See Higher Primary Surplus in 2018

The Greek state budget will show a primary surplus of more than 3.5 percent of GDP in this year, from 3.3 percent in 2017,...

Greece Needs Close Post-Bailout Supervision, EU Official Says

A senior EU official has cast doubt on Greece's plans for a clear exit from its era of bailouts after August. In an interview with...

Greek State Wraps Up Sale of Thessaloniki Port

Greece's second-largest port has been sold off to a German-led group in a deal with €1.1 billion ($1.3 billion). Friday's deal is the culmination of...

Six out of Ten Greek Debtors will See their Assets Seized by the State

Six out of ten debtors to the Greek State will see their bank accounts or homes confiscated from now on, as the number of...

High Taxes, Low Investment Dog Greek Recovery

  New data have shown the damage done by Greece's economic crisis, leaving a country with stagnant rates of research and development (R&D) as well...

Deutsche Telekom Acquires Remaining 5 Percent Stake in Greece’s OTE

The Hellenic Republic Asset Development Fund (HRADF) announced on Wednesday that Deutsche Telekom AG acquired the remaining five-percent stake in Greece’s biggest telecom operator,...

Greece Records €843M Budget Surplus

The Greek state budget recorded a cash surplus of €843 million ($1 billion) in the January-February period this year, from a surplus of €1.592...

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