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Greece

The Liberty Ships and the Beginning of Greece’s Maritime Rule

The mass-produced Liberty ships that played a significant role during WWII eventually helped Greece become the world's leading maritime power. Although British in concept, the design was adopted by the United States for its simple, low-cost construction. Mass-produced on an...

Real Estate Economy in Greece Grows in Multiple Sectors

The recently released Cushman Wakefield Proprius Marketplace Real Estate report demonstrated a significant growth in the Real Estate economy of Greece. The economy grew in all three different sectors, namely industrial, retail, and office. The Growth of the Economy of...

Greek Economy Set for Continued High Growth in 2024

After a robust recovery from the Covid-19 pandemic and increasing favor with several credit rating agencies, the Greek economy is expected to see a continued trend in positive growth in the new year. The Greek Economy in 2024 In its World...

Elon Musk’s Net Worth is More than Greece’s GDP

Elon Musk's personal net worth is currently larger than Greece's gross domestic product (GDP). The businessman and engineer who is currently the CEO of Tesla and SpaceX is currently worth $219.9 billion, while the nation of Greece's GDP is...

Distrato: Greece’s Magnificent Mountain Village That Keeps Growing

Distrato is an exquisite mountainous village in Greece that has managed to remain unknown to the majority of travellers. As we all know, Greece is dotted with small mountainous villages, however, most of them have been seeing a rapid decline...

IMF Says Greek Economy Will Grow by 6.5% This Year

The International Monetary Fund (IMF) announced on Tuesday that the Greek economy is looking at a growth rate of 6.5% by the end of 2021. The IMF detailed the country's growth for 2021 in their global economic outlook report, where...

OECD Says Greek Economy to Begin Recovery in 2021 in New Report

In an overall positive report regarding the prospects for the Greek economy, the Organization for Economic Cooperation and Development (OECD) reported on Tuesday that although the economy will contract by 10 percent in 2020 due to the ramifications of the...

Greece Expects 4% Recession, as European Economy Enters Uncharted Territory

Christos Staikouras, the Greek Finance Minister, expressed on Sunday his belief that the Greek economy will shrink by four percent in 2020 due to the reduction of economic activity the coronavirus pandemic has brought upon the country. Speaking with Greece's...

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 Economy Fails to Compete Due to Overtaxation

Greece is not tax competitive compared to other countries because over-taxation drives investors away, according to information gleaned from the latest International Tax Competitiveness Index (ITCI). Specifically, Greece ranks 30th among the thirty-six countries of the Organization for Economic Co-operation and...

September Will be Crucial Month For Course of Greek Economy

September is considered to be a pivotal month for the Greek economy, regarding both budget figures and contacts with its European partners on the issue of fiscal targets and the implementation of reforms. The first important date is September 4, when...

Kick-Starting Stalled Investments Will Give Much-Needed Boost to Greek Economy

Greece’s financial crisis is still affecting the hopes and dreams of the people that live in the country, as it has been in economic turmoil for most of the last decade. Greece’s GDP shrunk 26% in the span of eight...