Economy

International arrivals at Greek airports rose 8.9 percent in the first 11 months of 2011 from the same period a year earlier, according to data collected from 13 airports by the Association of Greek Tourism Enterprises. Passenger arrivals from abroad...

Even as Greece’s public workers continue to struggle under waves of pay cuts, tax hikes, slashed[...]

The trading session of Athens Stock Exchange on Monday ended with heavy losses for Greek banks, as the banking index fell to new 22-year lows. Only a few shares ended in green across FTSE20 index, amid the overall downward trend...

Greece was holding tightrope talks on Monday with its creditors and debt holders on details of a new eurozone bailout to enable the country to repay debt. Greek Finance Minister Evangelos Venizelos was meeting senior auditors from the eurozone, the...

Four years of recession and more than 18 months of pay cuts, tax hikes, slashed pensions and coming layoffs by the thousands are taking their toll in a deadly way as the rate of increase in suicides[..]

Greece has seen an upsurge in small companies and shops offering to buy gold, driven by record prices and the need many people have to raise cash during hard times when jobs are uncertain and money scarce. "Sell your gold,"...

European leaders have agreed to set tighter rules over spending and deficits and will pump an additional $268 billion into a new reserve structure to help ailing countries, but[...]

While Europe promotes budgetary discipline, Greek deficit soars again. The constant requirements for pension payments and other obligations, and the estimate that the property tax will raise only €1 billion, instead of €1.6 billion, cause jitters to the Greek...

At a time where the world is suffering an economic crisis and government officials all over the world are blaming the public for the crisis instead of themselves, new surveys show which country works the hardest and Germany isn’t...

The financial crisis plaguing Greece is now affecting motherhood as well. A recent global research study has revealed that birth rates are rapidly declining lately in Greece and this trend is attributed to the financial difficulties directly affecting the...

ATHENS – A growing number of PASOK Socialist ministers and lawmakers are intensifying the pressure on their leader, former Prime Minister George Papandreou, to step aside quickly and let the party find a new leader ahead of snap elections...

The development of Athens' former international airport "Ellinikon", which stretches out over an area of 6.2 million square metres, has begun today. The Greek Deparment for the Development of State Property, which was created as part of the economic...

Greek unemployment rate in September 2011 was 17.5% compared to 12.6% in September 2010 and 18.4% in August 2011, according to Greek Statistical Authority. In a statement, ELSTA said that the number of employed amounted to 4,051,109 persons while the...

Greek market is on the verge of a credit crunch as liquidity is close to drying up and banks are paying dearly to hold on to deposits, as daily Kathimerini reports today. Bank of Greece data on the course...

New cuts in pensions are being projected for 2012, since insurance funds are facing a tremendous deficit of 4.5 billion Euros for 2011. Labour Minister George Koutroumanis did not hide any aspect of the dramatic situation the Greek people are...