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Marcel Fratzcher: Greek Economy on Course for Dynamic Growth

"2017 will be a year of political, economic and social uncertainty because nobody knows what will evolve from the elections in the EU countries....

Alt. Labor Minister Antonopoulou: Government Trying to Set Economy on Fair Course of Growth

"Our aim is to heal the wounds that unemployment and poverty opened to the society and to set the economy on a course of...

ECB: Greece Forecasted to Achieve Growth Rate of 0.1% of GDP in 2016

The European Central Bank (ECB) forecasts that Greece will achieve a growth rate of 0.1 percent of GDP in 2016, in the Eurosystem staff...

Bank Deposits Increase to €127 Billion in 2016

In December and November banks are expected to see some 2 billion euros in deposits, according to credit sector officials. This news comes in...

PM Tsipras: 2017 Will Be ‘The Year of the Real Economy’

The government's goal was to conclude the second review by the end of January and then join the European Central Bank's quantitative easing program...

New Bill on ‘Plastic Money’ Allows Consumers to Build-up Tax-free Allowance

The draft bill tabled in Parliament last week will usher in a new way for tax-payers to "build up" their tax-free allowance as of...

Stournaras Warns of Penalties for Banks With Non-performing Loan Exposures

Bank of Greece's Yannis Stournaras has issued a stern warning to banks over non-performing loan (NPLs) exposures. On Monday a published interview with the Financial...

BoG Chief Stournaras Says ‘Progress Recorded in the Greek Economy Should Not Be Intercepted’

On Friday the Bank of Greece's (BoG) governor, Yiannis Stournaras, made an intervention on the government's negotiation with the country's lenders within the context...

IMF Says Not Demanding New Austerities at This Time for Greece

According to International Monetary Fund (IMF) officials, IMF chief economist Maurice Obstfeld and European Department Director Poul Thomsen, the financial institution is not demanding...

Greece’s Shadow Economy Continues to Grow as State Coffers Miss Out on €16 Billion...

Greece is known for having a shadow economy, or an underground economy where people buy undeclared or illegal products and services. In recent years...

Eurogroup’s Short-term Measures Will Lower Greek Debt by More Than €45 Million

The short-term measures announced by Eurogroup on Monday will lower Greece’s debt by more than 45 billion euros, while rates were set at 1.5 percent,...

ELTRUN Survey Reveals E-Commerce Growing Steadily in Greece

E-commerce is growing and maturing, with Greek consumers making a marked presence in the sector, ELTRUN, the e-commerce laboratory of the Athens Economics University said...

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