Economy

The European Statistics Agency Eurostat published an interesting study recently about the levels of social protection across the European Union. The study presents valuable information not only about the total expenditure each member state spends to protect the most vulnerable in...

The Greek economy is projected to grow by 2.1 percent in 2020 and 2.0 percent in 2021, after experiencing a 1.8 percent growth rate in 2019, the Organization for Economic Cooperation and Development (OECD) said on Thursday. In its newest...

Greek Prime Minister Kyriakos Mitsotakis announced on Tuesday that his government will bring forward a constitutional amendment guaranteeing a basic income for all of its citizens. The surprising announcement was made through the Prime Minister's personal Twitter account. ''We constitutionally guarantee...

The European Commission announced on Wednesday that it has adopted the fourth report for Greece under the Enhanced Surveillance framework. This gives the green light to the December meeting of the Eurogroup to approve Greece's budget for the year 2020. ''The...

The Greek state budget recorded a primary surplus of 5.755 billion euros in the period from January-October, significantly exceeding budget targets for a surplus of 2.314 billion euros in the same period, the country's General Accounting Office said in...

The International Monetary Fund (IMF) published its most recent ''World Economic Outlook'' on Friday. The new forecast of the Fund sends mixed signals about Greece's prospects, revising upward some short-term indexes while smashing the government's hopes for sustainable and strong...

The President of the People's Republic of China Xi Jinping arrived in Athens on Sunday afternoon, beginning his official, three-day visit to the Greek capital. President Xi arrived in Greece just a few days after Greek Prime Minister Kyriakos Mitsotakis...

In an interview with SKAI TV on Sunday morning, Greek Premier Kyriakos Mitsotakis announced that closed pre-departure migrant camps will soon begin their operation in Greece, for all those who enter the country but are not granted asylum status. Migrants...

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...

The yield spread between the Greek and Italian state bonds fell into negative territory on Thursday for the first time since 2008, meaning that the Greek state can borrow money at a cheaper rate than Italy in capital markets. The...