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Economy

OECD Forecasts Growth in Greek Economy for the Next Two Years

OECD released its forecast for the struggling Greek economy on Monday, concluding it is likely to experience growth over the next two years. 

Fear for Cryptocurrency Scandal Rocks Turkey

A Turkish cryptocurrency exchange website named Thodex stopped trading unannounced on Wednesday, spurring fraud allegations.

Greek Shipowner Ioannis Angelicoussis Dies at 73

Greek shipowner Ioannis Angelicoussis died on Saturday at a central Athens hospital, where he was being treated after a heart attack.

Coronavirus: Greece Records More Than 3,000 New Cases Again

Greece announced another 3,232 COVID-19 infections on Saturday, while 755 patients remained intubated.

First Vaccinated Tourists from Israel Arrive in Greece

The first vaccinated tourists from Israel arrived in Greece on Saturday morning, all holding a vaccination certificate.

PM Mitsotakis Urges People to Get Coronavirus Vaccine Following Thessaloniki Visit

Greek PM Kyriakos Mitsotakis visited the coronavirus-ravaged port city of Thessaloniki in Central Macedonia on Saturday, where he urged people to get the coronavirus vaccine as soon as it becomes available. ''It'll be free-of-charge, it will not be mandatory but...

Greek PM Holds Virtual Meeting with Greeks Who Left to Work Abroad

Addressing the country's notorious brain drain problem, Greek Prime Minister Kyriakos Mitsotakis held a virtual meeting with Greeks who left their native country to work abroad during the financial crisis. During the meeting, PM Mitsotakis stressed that Greece is improving...

Greek Hotels Plead For Help Amidst Despair Over TUI Debt

Greek hotel owners are facing huge losses this year as Tui AG, the largest leisure, travel and tourism company in the world, is deferring the payment of monies due to them this year — until March of 2021. The Anglo-German...

Greece Receives Boosted Credit Rating from Moody's

Moody's, the bond credit rating agency, upgraded Greece's credit rating on Friday, giving the country's market a boost amidst the Covid-19 pandemic. The country's rating went from a B1 to a B3, signaling the possibility of economic recovery in the...

Greece's Growth Rate to Reach 7.5% in 2021 According to New Projections

Finance Minister Christos Staikouras and Alternate Minister Theodoros Skylakakis on Monday brought a draft for the 2021 state budget before Parliament. The plan envisages a robust economic growth rate of 7.5 percent for the next year, and features a series...