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Greece

Economic Sentiment Index in Greece Reaches Pre-Crisis Levels

The economic sentiment index in Greece rose to 109.5 points in December, from 107 in November, the Greek Foundation for Economic and Industrial Research (IOBE) announced in a report on Thursday. This is the highest level seen since November of...

Economic Confidence in Greece Jumps to 12-Year High in July

The index measuring confidence in the Greek economy jumped to 105.3 points in July from 101 in June, the highest level seen since March of 2008, the Foundation for Economic and Industrial Research (IOBE) said in their monthly report,...

IOBE Survey Shows Slight Increase in Economic Sentiment Following Second Bailout Review

According to the monthly survey by the Foundation for Economic and Industrial Research (IOBE), following the second bailout review there has been a slower than expected increase in business and consumers' economic sentiment. The IOBE report, which was released on...

Greek Economic Sentiment Index Down in May

Greek economic sentiment index fell to 93.2 points in May from 94.9 in April, but remained above last year's levels (90.1 points in May 2016), the Foundation for Economic and Industrial Research (IOBE) said on Thursday. IOBE, in a monthly...

More than 200,000 Greek Businessmen and Professionals 'Closed Shop' in 2015

About 200,000 Greek entrepreneurs and self-employed professionals suspended their business activities in 2015, says the Foundation for Economic & Industrial Research (IOVE) annual report. According to the same study also, only 14.2% of people see that there are business opportunities...

Privatization of Piraeus Port Will Produce Major Economic Benefits, According to IOBE Study

Greece’s Foundation for Economic & Industrial Research (ΙΟΒΕ) has just released a study regarding the economic effects from the controversial privatization of Piraeus port. According to the study, tilted appropriately “Economics Effects From the Privatization of Piraeus Port,” some 500...

Greek Parliament Investigating Committee on Memoranda Unveils Witness List

The Parliamentary investigating committee set up to examine the causes of the Greek crisis and the reasons that the country was pushed into accepting bailout Memoranda, unveiled a list of witnesses on Wednesday that it hopes to summon,...

Ferry Sector Suffers from Rising Costs and Flagging Demands

Coastal shipping in Greece is in danger as companies face serious financial problems in recent years, according to a survey by the Foundation for Economic and Industrial Research (IOBE) presented on Tuesday in Piraeus. According to Kathimerini daily, the survey...

IOBE: Economic Growth and Decreased Unemployment in 2014

The Greek Foundation of Economic and Industrial Research (IOBE) presented  its report on the Greek economy for the first quarter of 2014 on Wednesday, April 16. According to the report, the Greek economy will stabilize, and may even grow slightly, after several years of...

Economic Sentiment Dips to 7-Month Low in June – IOBE

Economic sentiment in Greece fell to a seven month low in June as uncertainty stemming from the country's elections weighed heavily on business activity, the Foundation for Economic and Industrial Research said Wednesday. "It is clear that uncertainties during the...

Women's Global Summit Hears Greek Rallying Cry…and Criticism

ATHENS – Many unsure of what they’d see when they got to Greece – saying they expected a country destitute and deprived – nearly 1,000 businesswomen and political leaders converged for the 2012 Global Summit of Women and got...

Economy to Shrink 5% this Year, Unemployment at 20% – Greek Research Group IOBE

Greece's economy will shrink 5 percent this year and unemployment will hit 20 percent, hampering efforts to meet fiscal targets, the country's most prestigious think tank (IOBE) said in its quarterly review on Monday. The Foundation for Economic and Industrial...

Greek Economic Sentiment Improves Slightly On New Government

Economic sentiment in Greece improved marginally in November after the appointment of an interim government helped consumer confidence inch away from record lows, but pessimism remained in all sectors of the economy, a think-tank said Monday. The Foundation for Economic...

Greece Appoints Internationally-Recognized Experts to Shape Nation's Growth Plan

The Greek government announced on Thursday the formation of a special commission to draft a new "Growth Plan" for the Greek economy. The commission includes economists and executives who will combine their accumulated academic knowledge, international acumen, market knowledge and...

Five Projects Which Will Change the Face of the Athens Riviera

Only a few kilometers from the center of Athens, much of Attica's coastline, from Mikrolimano in Piraeus to Sounio, is currently a construction site as the bold project to rejuvenate the spectacular seashore area is now under way. The coastline...