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Greece Sees Economy Growing by 2.9 Percent in 2024

Greece expects its economy to grow by 2.9 percent next year from 2.4 percent in 2023, according to the final budget plan for 2024 tabled in Parliament on Tuesday. The budget plan will be discussed in the Parliamentary Economic Affairs...

Co-working Giant WeWork Files for Bankruptcy in the US

WeWork has filed for bankruptcy in the US after the company struggled for years with a massive debt pile and hefty losses. The firm reported liabilities of $10bn to $50bn (£40.5bn), according to a bankruptcy filing in the New Jersey...

WeWork Plans to File for Bankruptcy Over Massive Debt

WeWork plans to file for bankruptcy as early as next week, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses. Shares of the flexible workspace provider fell 32 percent in extended trading after the Wall...

Greek Economy Upgraded by S&P Global Ratings

The Greek economy got a vote of confidence by S&P Global Ratings on Friday which upgraded its debt rating to BB+. “The upgrade reflects our expectation of a continuous improvement in Greece’s policy effectiveness, while the fallout from the war...

Greece to Repay IMF Bailout-Era Debt Two Years Early

Greece will repay its bailout-era debts to the International Monetary Fund (IMF) in April, some two years early, Finance Minister Christos Staikouras announced on Saturday. Speaking on Skai TV, Staikouras said that the final payment will be made "in the...

Bank of Greece Insists on 4.2% Economic Growth for 2021

The Bank of Greece (BoG) said on Monday that economic growth will reach 4.2 percent this year, as it had also forecast in its previous report

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...

Greek State Borrows €625 Million at Interest Rate of Zero

Greece's Public Debt Management Agency (ΟΔΔΗΧ) announced on Wednesday that it pumped €625 million into the economy by selling 26-week Treasury Bills at a 0.000 percent interest rate. The total bids reached €1,802 million and the amount finally accepted by...

Greece To Launch New 7-Year Bond, Says Public Debt Management Organization

Greece's Public Debt Management Organization issued an announcement on Monday notifying the Athens Stock Exchange that the country will soon be ready to launch a new seven-year bond. For this reason, the new leadership of the Finance ministry has already...

Greece Challenges Creditors as PM Tsipras Vows to Lower Surplus Targets

Greece's European creditors reminded the Greek government of Alexis Tsipras that it has agreed to a primary surplus of 3.5 percent from 2020 to 2022. Their remarks were made after the Greek premier on Tuesday set the country's annual...